UK Freezes Assets Linked to Alleged Prince Group Finance Chief
- UK authorities have frozen a £8.9 million London penthouse owned by Thet Li, alleged finance chief of Prince Group.
- Authorities will request the court to continue the seizure of Li’s watches and jewelry valued at £10.6 million, along with £92,570 in cash.
- The U.S. seeks forfeiture of approximately $14 billion in Bitcoin tied to Prince Group.
- Prince Group is accused of large-scale online fraud involving over 100,000 trafficked workers.
The UK has placed freezing orders on assets linked to Thet Li and other key figures in the Prince Group, which is accused of industrial-scale fraud operations involving forced labor and scams like “pig butchering.” Authorities are intensifying their crackdown by targeting high-value properties and luxury items associated with the group.
This action underscores international efforts to dismantle financial networks supporting alleged criminal activities by the Prince Group, as evidenced by significant asset seizures and sanctions against its leaders. Source
