Taipei Prosecutors Raid Money Laundering Ring; Couple and Lawyer Released on Bail
The Taipei District Prosecutors Office, investigating the Prince Group money laundering case, raided 10 locations on June 2nd and detained six people, including a couple who ran a "water house" for the group and a lawyer surnamed Zhang. After questioning on the night of June 3rd, prosecutors ordered the couple and the lawyer to be released on bail of NT$3 million, NT$1 million, and NT$1 million, respectively. The Prince Group, led by Chen Zhi, is accused of fraud in Cambodia and laundering over NT$10.79 billion in Taiwan. 62 defendants and 13 companies were indicted in March.
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- 📰 Published: June 4, 2026 at 12:17
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(Central News Agency reporter Xie Junlin, Taipei, 4th) The Taipei District Prosecutors Office, investigating the Prince Group money laundering case, conducted searches at 10 locations on the 2nd and detained six people, including a couple surnamed Song who ran a "water house" (money transfer service) for the group and a lawyer surnamed Zhang. After questioning on the night of the 3rd, prosecutors ordered the Song couple and the lawyer Zhang to be released on bail of NT$3 million, NT$1 million, and NT$1 million, respectively.
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. Chen Zhi and others had set up several companies in Taiwan since 2016 for the 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$10,790,760,000. In March of this year, Chen Zhi, the main suspect in Taiwan Wang Yutang, and 62 other defendants, along with 13 companies including Tianxu, were indicted for violating the Organized Crime Prevention Act, Money Laundering Control Act, Business Accounting Act, and Criminal Code provisions on gambling and forgery. The case is currently being heard by the Taipei District Court.
Following the money trail, investigators identified the "water house" and shell companies that cooperated with the Prince Group's Taiwan entities, and also found that a well-known lawyer surnamed Zhang was involved. On the 2nd, the Taipei District Prosecutors Office, directing the Criminal Investigation Bureau and the Xinyi Branch of the Taipei City Police Department, searched the residences and companies of the defendants, including the Song couple and lawyer Zhang, and detained six people, who were transferred to the Taipei District Prosecutors Office for questioning on the 3rd.
After questioning, on the night of the 3rd, prosecutors ordered the man surnamed Song and his wife surnamed Lin to be released on bail of NT$3 million and NT$1 million respectively, the lawyer surnamed Zhang on NT$1 million bail, and three employees surnamed Weng, Su, and Hu on NT$150,000 bail each. All were restricted from leaving the country. (Editor: Li Xizhang) 1150604
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. Chen Zhi and others had set up several companies in Taiwan since 2016 for the 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$10,790,760,000. In March of this year, Chen Zhi, the main suspect in Taiwan Wang Yutang, and 62 other defendants, along with 13 companies including Tianxu, were indicted for violating the Organized Crime Prevention Act, Money Laundering Control Act, Business Accounting Act, and Criminal Code provisions on gambling and forgery. The case is currently being heard by the Taipei District Court.
Following the money trail, investigators identified the "water house" and shell companies that cooperated with the Prince Group's Taiwan entities, and also found that a well-known lawyer surnamed Zhang was involved. On the 2nd, the Taipei District Prosecutors Office, directing the Criminal Investigation Bureau and the Xinyi Branch of the Taipei City Police Department, searched the residences and companies of the defendants, including the Song couple and lawyer Zhang, and detained six people, who were transferred to the Taipei District Prosecutors Office for questioning on the 3rd.
After questioning, on the night of the 3rd, prosecutors ordered the man surnamed Song and his wife surnamed Lin to be released on bail of NT$3 million and NT$1 million respectively, the lawyer surnamed Zhang on NT$1 million bail, and three employees surnamed Weng, Su, and Hu on NT$150,000 bail each. All were restricted from leaving the country. (Editor: Li Xizhang) 1150604