UK reportedly freezes London property and luxury watches belonging to Prince Group finance chief Li Tian
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AT A GLANCE
The UK froze London luxury homes and luxury watches belonging to Li Tian worth 170000000 yuan.
Article
Prince Group Cambodia finance chief Li Tian’s in London 170000000 yuan luxury home and luxury watches frozen by the UK
PANews October 12 reported, citing Caixin, that an asset investigation into the alleged cross-border cyber fraud and money laundering case involving Cambodia’s Prince Group is expanding further in the UK. After multiple luxury homes in London belonging to the group’s founder Chen Zhi and Hu Xiaowei, who is alleged to be the “second-in-command,” were frozen, the assets in the name of Prince Group finance chief Li Tian, including 170000000 yuan luxury home in London and luxury watches, were also frozen by the UK. 2025 year October, when the US Treasury announced sanctions against Prince Group and its associates, it listed Li Tian as a close associate of Chen Zhi, alleging that he effectively served as Prince Group’s finance chief responsible for illegal fund operations, involving the management of illicit fund flows and bulk cash smuggling.
PANews said, citing Caixin, that the UK is further investigating assets related to the alleged cross-border cyber fraud and money laundering case involving Cambodia’s Prince Group.
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those in the name of Li Tian, including 170000000 yuan luxury home in London and luxury watches, were frozen by the UK.
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2025 year October, the US Treasury announced sanctions against Prince Group and its associates and listed Li Tian as a close associate of Chen Zhi.
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The report said that Li Tian effectively served as Prince Group’s finance chief responsible for illegal fund operations, involving the management of illicit fund flows and bulk cash smuggling.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
The report says that the UK froze Li Tian’s property and luxury watches in London. It also mentions that the US Treasury previously sanctioned Prince Group and its associates and indicated that Li Tian was involved in related fund operations.
Why it matters to readers
An asset freeze means that the relevant assets are temporarily subject to restrictions, but this information does not yet provide the original UK freezing order or law enforcement documents.
An asset freeze generally means that the relevant authorities temporarily restrict the transfer or disposal of assets, but it does not mean that the case has been finally adjudicated.
Risks and unknowns
The provided material does not include the original UK freezing order or documents from UK law enforcement authorities.
The allegations of cross-border cyber fraud, money laundering, and illegal fund operations in the report still require verification through independent judicial or regulatory materials.
The material does not specify the exact addresses of the frozen assets, the list of luxury watches, or the subsequent disposition results.
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Asset freeze
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