The National Bank of Cambodia announced yesterday that Prince Bank, a subsidiary of the Prince Group, has been placed in liquidation and is no longer permitted to conduct banking business, including accepting deposits or providing loans. In its announcement, the National Bank of Cambodia stated that this decision was made in accordance with the laws of the Kingdom of Cambodia. The National Bank of Cambodia has appointed Morison Kak MKA, the auditing and accounting firm, as the statutory liquidation company to take full control of Prince Bank's operations and asset disposal. According to the announcement, effective immediately, Prince Bank must cease all new banking business, including but not limited to prohibiting the opening of new accounts or deposits of new funds, and ceasing the approval and disbursement of all types of commercial and personal loans. The Cambodian Ministry of the Interior confirmed that Chen Zhi and his accomplices Xu Jiliang and Shao Jihui were arrested on January 6 and repatriated to China. The three are suspected of participating in a large-scale transnational online fraud, and related charges have been filed in a US court. Chen Zhi's Cambodian citizenship, previously obtained, was officially revoked by a royal decree in December 2025.