Senior executives of Prince Holding Group, a Cambodian conglomerate accused of being a transnational criminal organisation, have purchased luxury real estate in Tokyo, sparking suspicions of a possible money-laundering scheme. The group has been accused of being one of Asia's largest scam groups. Official property records and sources familiar with the matter have revealed the purchases, which may be linked to money laundering.
KYODO — Two senior executives of Prince Holding Group, a Cambodian conglomerate accused of being one of Asia's largest transnational criminal organisations, purchased luxury real estate in and around Tokyo in a possible money-laundering scheme, sources familiar with the matter said and official property records showed Thursday.