Cambodia's Prince Group:
A business empire built on crime?
Feb 16, 2024
In less than a decade, the Prince Group emerged seemingly out of nowhere to become one of Cambodia’s fastest growing and best-connected conglomerates. What lies behind this multibillion-dollar empire? For three years, RFA has dug through business records and tracked down sources everywhere from remote villages to international financial centers trying to answer this question.
Our three part investigative series reveals a concerning blend of opaque business ventures, alleged criminality and political cronyism.
The Prince Group has denied any wrongdoing, but with Beijing vowing to crack down on illegal practices overseas, some wonder if the Prince Group’s days are now numbered. However, the group’s deep ties to Cambodia’s current and former prime ministers may yet offer the company protection.
Part I: Chinese courts go after ‘notorious’ Cambodian conglomerate
Under Cambodian patronage, the Prince Group netted billions; courts accuse it of massive money laundering.
Part II: Red flags abound in Prince Group’s offshore dealings
An RFA investigation raises questions about the legitimacy of a Prince gaming subsidiary.
Part III: Torture, forced labor alleged at Prince Group-linked compound
Escaped workers were beaten and tased before being dragged back, witnesses recount
Reporting by Jack Adamović Davies for RFA Investigative and RFA Khmer
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Edited by Abby Seiff, Jim Snyder, Mat Pennington and Boer Deng
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Graphics by Amanda Weisbrod
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Video by Lauren Kim
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Visual editing by H. Léo Kim, Paul Nelson
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Web page produced by Minh-Ha Le
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Produced by Radio Free Asia
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© 2024 RFA
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