Woman allegedly linked to transnational scam syndicate Prince Holding Group charged
Chen Xiuling was arrested at Changi Airport on Nov 5.
Singaporean woman Chen Xiuling, 44, was charged on November 6 with attempting to defraud and inciting another to falsify accounts. She was apprehended at Changi Airport on November 5. Chen is a director of several Singapore-registered companies associated with Prince Holding Group, including Skyline Investment Management and Capital Zone Warehousing.
In September 2022, Skyline allegedly submitted a false agreement to JTC Corporation for approval, falsely stating Cars and Coffee Gem would invest $23 million to purchase and store cigars. Chen allegedly instructed Quen Kok Hui to falsify the agreement, intending to defraud JTC Corporation. Through Tacel Consultancy, she submitted the false agreement to JTC on September 26, 2022.
The police have issued prohibition orders on 14 properties and seized assets worth approximately $100 million, bringing the total seized to over $700 million. On November 6, Deputy Public Prosecutor Magdalene Huang requested a six-day remand for Chen, who appeared in court via video-link and was represented by Thong Chee Kun and Josephine Chee.
The prosecution sought her remand due to a risk of absconding. Chen objected to being remanded, stating she wished to rest at home, but the court granted the prosecution's request and denied her bail. Chen Zhi, a 38-year-old Fujian-born businessman, was arrested in Cambodia on January 6 and deported to China. He faces up to 10 years in prison for instigating another person to falsify accounts.
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