PHNOM PENH — The National Bank of Cambodia (NBC) has officially ordered the liquidation of Prince Bank following a massive international fraud investigation involving its founder. The move comes as the bank’s creator, Chen Zhi, faces extradition to China after being indicted by U.S. authorities for his alleged role in a multibillion-dollar “pig butchering” scam network.
According to an official statement released on Thursday, January 8, 2026, the NBC has frozen all new banking operations at the firm, including the issuance of loans and the acceptance of deposits. Auditor Morisonkak MKA has been appointed to oversee the liquidation process and manage the bank’s estimated $1 billion in assets.
While the bank’s 36 branches nationwide saw minimal activity following the announcement, the central bank assured the public that current depositors can still withdraw their funds provided they submit the necessary documentation. Conversely, those with outstanding loans are required to continue their repayments as scheduled. Prince Bank is a key subsidiary of the Prince Holding Group, a massive conglomerate that international investigators have recently labeled a front for transnational organized crime.