Side Case of Prince Group Scandal: Renowned Lawyer Released on NT$1 Million Bail for Money Laundering
The Taipei District Prosecutors Office, while investigating the Prince Group money laundering case, traced and found a renowned lawyer surnamed Chang suspected of money laundering. On June 2, police conducted searches at 10 locations and arrested lawyer Chang and five others. They were transferred to the Taipei District Prosecutors Office on June 3. After questioning, the prosecutor ordered lawyer Chang and a defendant surnamed Lin to post bail of NT$1 million each, with restrictions on leaving the country. The Prince Group, led by Chen Zhi, engaged in fraud in Cambodia and established multiple companies in Taiwan for money laundering, totaling NT$10,790,765,905.37. The case has indicted 62 defendants and 13 companies.
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- 📰 Published: June 3, 2026 at 22:59
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(Central News Agency reporter Lin Changshun, Taipei, June 3) The Taipei District Prosecutors Office, while investigating the Prince Group money laundering case, traced and discovered that a renowned lawyer surnamed Chang was suspected of money laundering. Yesterday, it directed police to conduct searches at 10 locations and arrested lawyer Chang and five others. They were transferred to the Taipei District Prosecutors Office today for questioning. The prosecutor ordered lawyer Chang to post bail of NT$1 million in the evening, with restrictions on leaving the country and departing by sea.
Prosecutors found that the Prince Group, led by Chen Zhi, engaged in fraud in Cambodia and established a vast corporate network in multiple countries for money laundering. Starting in 2016, Chen Zhi and others established several companies in Taiwan for the Prince Group to operate illegal gambling and money laundering.
According to prosecutors, the total amount of money laundered by the Prince Group in Taiwan reached NT$10,790,765,905.37. In March of this year, they indicted 62 defendants, including Chen Zhi and the main suspect in Taiwan, Wang Yutang, as well as 13 companies, including Tianxu, on charges of violating the Organized Crime Prevention Act, Money Laundering Control Act, Business Accounting Act, Criminal Code gambling, and document forgery. The case is currently being tried by the Taipei District Court.
Following the trail, investigators identified money laundering service providers and shell companies that cooperated with the Prince Group's Taiwanese entities. They also found that the renowned lawyer surnamed Chang was involved. Yesterday, the Taipei District Prosecutors Office directed the Criminal Investigation Bureau and the Xinyi Precinct of the Taipei City Police Department to search 10 locations, including the residences and offices of lawyer Chang and other defendants, and arrested six people, including lawyer Chang. They were transferred to the Taipei District Prosecutors Office today for further questioning.
After questioning, the prosecutor ordered lawyer Chang and a defendant surnamed Lin to each post bail of NT$1 million, and a defendant surnamed Su to post bail of NT$150,000, all with restrictions on leaving the country and departing by sea. The remaining defendants are being questioned overnight. (Editor: Zhang Yajing) 1150603
Prosecutors found that the Prince Group, led by Chen Zhi, engaged in fraud in Cambodia and established a vast corporate network in multiple countries for money laundering. Starting in 2016, Chen Zhi and others established several companies in Taiwan for the Prince Group to operate illegal gambling and money laundering.
According to prosecutors, the total amount of money laundered by the Prince Group in Taiwan reached NT$10,790,765,905.37. In March of this year, they indicted 62 defendants, including Chen Zhi and the main suspect in Taiwan, Wang Yutang, as well as 13 companies, including Tianxu, on charges of violating the Organized Crime Prevention Act, Money Laundering Control Act, Business Accounting Act, Criminal Code gambling, and document forgery. The case is currently being tried by the Taipei District Court.
Following the trail, investigators identified money laundering service providers and shell companies that cooperated with the Prince Group's Taiwanese entities. They also found that the renowned lawyer surnamed Chang was involved. Yesterday, the Taipei District Prosecutors Office directed the Criminal Investigation Bureau and the Xinyi Precinct of the Taipei City Police Department to search 10 locations, including the residences and offices of lawyer Chang and other defendants, and arrested six people, including lawyer Chang. They were transferred to the Taipei District Prosecutors Office today for further questioning.
After questioning, the prosecutor ordered lawyer Chang and a defendant surnamed Lin to each post bail of NT$1 million, and a defendant surnamed Su to post bail of NT$150,000, all with restrictions on leaving the country and departing by sea. The remaining defendants are being questioned overnight. (Editor: Zhang Yajing) 1150603