Last month, a former Chinese intelligence officer known as Eric publicly accused Chen Zhi, the Cambodian-Chinese tycoon behind the Prince Holding Group, of secretly collaborating with China’s security apparatus.
Posting on X, Eric, currently based in Australia, alleged that Chen maintained close ties with senior officials in the Chinese Communist Party’s (CCP) Ministry of State Security and Ministry of Public Security, and that his sprawling business conglomerate had become a covert instrument for the regime’s global operations.
“The Prince Group was not a target of China’s anti-corruption campaign,” Eric said. “It was a deeply entangled partner.”
He said that he witnessed Chinese officials from Beijing and Chongqing holding secret meetings at Chen’s private club in Cambodia’s capital, Phnom Penh. “These officials met there to conspire to lure and arrest the exiled cartoonist Wang Liming,” he said, “and the entire meeting, from transportation to hospitality, was arranged by the Prince Group.”…