Global Crackdown on Cybercrime and Fraudulent Wealth
In 2021, Singapore-based staff at Chen Zhi's family office discovered millions had been stolen, leading to legal battles and revealing extensive banking operations. Chen, a Chinese-born businessman accused of criminal activities, built a global empire and gained Singaporean tax benefits, but his operations faced scrutiny after internal disputes and asset misappropriation by former executive David Wong. The case highlights the complexities of wealth management and legal challenges faced by high-net-worth individuals involved in criminal allegations.