A 44-year-old Singaporean woman linked to Cambodia-based Prince Holding Group was arrested at Changi Airport on 5 November 2026 under an arrest warrant.
Chen Xiuling, also known as Karen Chen, was arrested in connection with ongoing investigations into the group, which police have described as a transnational scam syndicate.
In a statement issued on 5 November, police said she was due to be charged on 6 November with one count of instigating another person to falsify accounts and one count of attempted cheating, CNA reported.
Alleged False Agreement Submitted to JTC
Chen was a director of several Singapore-registered companies, including Skyline Investment Management and Capital Zone Warehousing.
Police believe these companies were beneficially owned by Prince Holding Group’s founder and chairman, Chen Zhi. This means he was believed to be their ultimate owner.
The alleged fraud concerns a September 2022 application to take over a property lease.
Police said Skyline submitted a business plan and an allegedly false agreement to JTC Corporation to seek approval for the takeover.
Chen allegedly instigated an officer of Capital Zone Warehousing to falsify the agreement with intent to defraud. She is also alleged to have submitted it in an attempt to cheat JTC.
Police said investigations into the alleged fraud were ongoing.
If convicted of instigating another person to falsify accounts, she could face up to 10 years’ jail, a fine, or both. Attempted cheating carries up to 10 years’ jail and a fine.
Arrest Warrant Disclosed in March
Police had publicly disclosed the warrant for Chen’s arrest on 3 March 2026.
At that time, they said she had left Singapore before enforcement operations began in October 2025 and was believed to be in Cambodia.
Investigations into Chen Zhi and his associates began in 2024.
More Than S$700 Million in Assets Seized or Restricted
In their 5 November update, police also said they had issued additional orders prohibiting the disposal of 14 properties and seized various bank and securities accounts since June 2026.
These additional assets were valued at about S$100 million, bringing the total seized or placed under disposal restrictions in the Prince Holding Group investigation to more than S$700 million.
