Singapore woman linked to Prince Holding Group charged with falsifying accounts and attempted cheating
A 44-year-old Singaporean woman alleged to be connected to the Cambodia-based Prince Holding Group was charged with instigating account falsification and attempted cheating, and ordered to remain in remand.
A Singaporean woman, identified as Chen Xiu Ling (also known as Karen Chen), was charged on Friday with two offences: instigating another person to falsify accounts and attempted cheating. Court documents say Chen prompted an employee of Capital Zone Warehousing to forge a "Cigar Investment Agreement" dated 5 September 2022, which claimed that Cars and Coffee Gem Pte Ltd would invest S$23 million in Capital Zone Warehousing over three years.
Police allege the falsified agreement was submitted to JTC Corporation in an effort to obtain a property at 6 Jalan Lembah Kallang for Skyline Investment Management. Deputy Public Prosecutor Magdalene Huang sought a six-day remand to prevent Chen from contacting others involved in the Prince Holding Group investigations. The judge granted the remand despite Chen’s request to be released on bail.
Chen, represented by lawyers from Rajah & Tann, was arrested at Changi Airport after a warrant was issued in connection with the ongoing probe into the Cambodia-based syndicate. The Prince Holding Group, designated a transnational criminal organisation by the United States, operates in more than 30 countries and is involved in real-estate and financial services. Singapore authorities have seized or prohibited assets worth over S$700 million (US$547.61 million) linked to the group.
If convicted, Chen faces up to ten years’ imprisonment and possible fines for each charge. The investigation, which began in October 2025, follows regional actions against the group, including a Hong Kong court order in May to freeze assets exceeding US$1.15 billion tied to the founder Chen Zhi, who was extradited from Cambodia to China earlier this year.