A Hong Kong court has frozen over HK$9 billion (US$1.15 billion) in assets and properties linked to detained businessman Chen Zhi. The court order affects 42 respondents, including Chen, his associates, and 38 companies, preventing them from accessing their assets both within and outside Hong Kong. Chen, who is accused by China's Ministry of Public Security of running a large online scam network from Southeast Asia, faces charges including fraud and illegal operations. AI
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RANK_REASON Court order freezing substantial assets linked to alleged large-scale fraud. [lever_c_demoted from significant: ic=1 ai=0.1]
