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Cambodia’s Prince Group denies link to scams following assets seizures

10 Sept 21:12 Key points summarised by AI

Cambodia's Prince Holding Group and its founder Chen Zhi face over US$15 billion in global asset seizures by authorities in the US, UK, Taiwan, Singapore, and Hong Kong.
US investigators accuse Chen Zhi of leading a transnational criminal organization involved in internet scam empires and operating forced labor camps for online fraud.
Prince Group "categorically rejects" all allegations, stating they are baseless and intended to justify unlawful asset confiscations, expressing confidence in their chairman's full exoneration.
The conglomerate, a major player in Southeast Asia with significant investments in real estate and financial services, asserts these claims harm thousands of innocent employees and partners.

Today 14:58 Key points summarised by AI

Thailand's government will launch the "Chainat-Pasak-Gulf" water diversion canal project in fiscal year 2027, a seven-year mega-infrastructure initiative.
This permanent structural solution aims to mitigate recurrent central plains flooding by diverting water from the Chao Phraya River directly into the Gulf of Thailand, significantly reducing flow to major cities like Ayutthaya and Bangkok.
Prime Minister Anutin Charnvirakul justifies the long-term investment as a means to reduce future damages and fiscal burdens, contrasting it with the 40-50 billion baht spent annually on short-term flood relief.
Concurrently, the Prime Minister instructed officials to expand drainage capacity into the Tha Chin River and swiftly remove water hyacinths to improve immediate flood management.