OriginalSourcecambojanews.comLeanUnratedCredibilityUnratedPublished10:31 UTCSourcecambojanews.comLeanUnratedCredibilityUnratedPublished10:31 UTC
“US Hits Prince Group With Third Round of Sanctions”
“The United States Treasury Department on Thursday imposed a third round of sanctions on Cambodia-based conglomerate Prince Group, designating four more individuals and 41 entities.”
US imposes third round of sanctions on Prince Group, targeting 4 individuals and 41 entities
Key points
- U.S. Treasury designated four individuals and 41 entities tied to Prince Group.
- Targets include Qiu Yong, Zhao Mengyao, Visal Pang, and He Yujing.
- Group linked to Chen Zhi, founder, who was extradited to China in January.
- New sanctions also affect 11 Cambodian companies and related entities.
- Authorities note Prince Group network includes overseas operations and financial structures.
How it got here
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