A club in Cambodia where disgraced former BIGBANG member Seungri was seen performing has abruptly shut down.
The shutdown comes as the club’s alleged operator, Prince Group, faces intense international pressure over its purported ties to organized crime, including human trafficking and massive online scam operations.
The club, Prince Brewing in Phnom Penh, first gained attention last year when a video of Seungri on its stage went viral. The footage showed the words “Prince Brewing” and a logo resembling that of “Prince Holdings” on stage. It recently resurfaced and spread widely after a separate incident involving the kidnapping and death of a South Korean university student, reigniting suspicions about Seungri’s potential connection to the Prince Group’s notorious “Prince Complex” scam compound.
The club has ceased operations, and a new owner is preparing to reopen it, according to a report from CBS No Cut News on October 21st. The sudden closure is being seen as an attempt by the Prince Group to “erase its tracks” by shedding its public-facing businesses as global scrutiny intensifies.
The Prince Group, a massive Chinese-Cambodian conglomerate led by its 38-year-old chairman, Chen Zhi, has been identified by the international community as an organization behind serious crimes. The group experienced explosive growth over the last 10 years with affiliates in real estate, construction, and finance, and is known for strong political connections, as Chairman Chen has served as an advisor to Cambodia’s former Prime Minister Hun Sen.
However, he is now facing severe international legal action. The U.S. Department of Justice has indicted Chen on charges of online financial fraud and money laundering, and has filed a forfeiture lawsuit for 127,271 Bitcoins he allegedly possessed, valued at approximately $15 billion USD.
Separately, the UK government has added one of the group’s entities to its sanctions list, frozen Chen’s London real estate assets and banned him from using the UK financial system.
>> Seungri’s Cambodia Club Video Ignites ‘Prince Group’ Controversy
Source (1)
