Jack Adamović Davies on the Rise and Rise of Cambodia’s Prince Group

“The era of the ‘shell country’ is having its ascendancy and Cambodia is a prime example of the phenomenon.”

Over the past several weeks, the U.S.-funded broadcaster Radio Free Asia (RFA) has published a three-part investigative report into the clandestine dealings of the Prince Group, a multi-billion-dollar Cambodian conglomerate. Over the past decade, Prince and its enigmatic chief executive, the Chinese national Chen Zhi, have risen from obscurity to the top echelon of Cambodia’s economic elite, with the ear of the country’s top leaders and a place in the inner circle of the ruling Cambodian People’s Party (CPP). The product of three years of work, the RFA reports allege that at least $700 million of Prince Group’s profit is from illegal transnational crime.

In full: https://thediplomat.com/2024/02/jack-davies-on-the-rise-and-rise-of-cambodias-prince-group/

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