Singapore Police Raids Car Loan Firm Linked to Prince Holding Group Amid Alleged Scam Investigation
AI Summary1 min read
TL;DR
Singapore police raided SRS Auto Holdings and arrested its owner as part of an investigation into Chen Zhi's Prince Holding Group, accused of global scams and money laundering.
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Singapore policeSRS Auto HoldingsChen ZhiPrince Holding Groupmoney laundering
Singapore authorities have raided car loan company SRS Auto Holdings Pte. and arrested its sole proprietor, Tan Yew Kiat, amid an investigation into alleged scam ring leader Chen Zhi and his Prince Holding Group. The raid is part of a widening probe into those linked to the alleged scam organization, which US authorities have accused of stealing billions of dollars worldwide and laundering funds.
