TAIPEI (TVBS News) — Prosecutors in Taipei indicted 62 defendants and 13 companies on charges of transnational fraud and money laundering linked to Cambodia's Prince Group (太子集團) on Wednesday (March 4). Authorities spent four months investigating the case, which involved a complex web of criminal activities and financial operations.
Prosecutors sought the maximum sentence of 13 years for Chen Zhi (陳志), the alleged mastermind of the group. They also recommended a 20-year sentence for Li Tian (李添), Chen's alleged accomplice. Taiwanese executives such as Ku Shu-wen (辜淑雯) and Wang Yu-tang (王昱棠), who denied the charges, faced proposed sentences of 16 and 15 years, respectively.
The leadership team, which included Chen Xiuling (陳秀玲) and Zhang Gangyao (張剛耀), orchestrated criminal activities, managed funds, and concealed assets within Taiwan. Prosecutors requested a sentence of over 18 years for Chen Xiuling, plus a NT$150 million (approximately US$4.72 million) fine. Zhang faced a proposed sentence of over 12 years and an NT$100 million (approximately US$3.15 million) fine.
Key operatives like Chen Li-shan (陳麗珊), Lu Meng-chieh (呂孟潔), and Li Yu-chun (李宇君) handled financial reports, managed bank accounts, and signed false loan agreements. Prosecutors have recommended sentences exceeding 10 years for each, with an NT$20 million (approximately US$630,000) fine.
>>> LEGAL DISCLAIMER: Legal proceedings discussed in this article remain ongoing. Under Taiwan law and international legal standards, all individuals mentioned are presumed innocent until proven guilty by a competent court.
>>> FRAUD PREVENTION: If you or someone you know encounters suspicious calls, text messages, emails, or online offers (including investment schemes, fake government officials, or impersonation scams), immediately contact Taiwan's Anti-Fraud Hotline at 165 for free, 24/7 consultation and assistance. Do not provide personal information or transfer money until you have verified the legitimacy.