Singapore police have arrested three individuals in connection with investigations into the Prince Holding Group and its founder, Chen Zhi, in recent months. The arrests occurred between November 2025 and January 2026, following initial investigations that began in 2024.
Investigations and Initial Seizures
In October 2025, police conducted island-wide operations targeting Chen Zhi and his associates. At that time, assets totaling more than S$150 million (US$117 million) were seized or placed under prohibition of disposal orders. These assets included a yacht, 11 cars, and bottles of liquor. However, no arrests were made as Chen Zhi and his associates were not present in Singapore.
Chen Zhi’s arrest in Cambodia and subsequent extradition to China occurred after the initial police operations in Singapore.
Recent Arrests
Tan Yew Kiat, 49, director of car leasing firm SRS Auto, was arrested on November 20, 2025. Police also issued prohibition of disposal orders against vehicles registered under SRS Auto. Nigel Tang Wan Bao Nabil, 32, reportedly the captain of a yacht owned by Chen Zhi, was arrested on December 11, 2025, upon his return to Singapore from Cambodia. The third suspect, Yeo Sin Huat Alan, 53, was arrested on January 12, 2026, also upon his return to Singapore from Cambodia.
Frequently Asked Questions
When did investigations into Prince Holding Group begin?
Investigations into Prince Holding Group’s founder and chairman Chen Zhi, his associates and related companies began in 2024.
What types of assets were seized in October 2025?
Assets seized or placed under prohibition of disposal orders included a yacht, 11 cars, and bottles of liquor.
How many Singaporeans have been arrested in connection with this case?
Three Singaporeans have been arrested between November 2025 and January 2026.
It remains to be seen what further legal proceedings will unfold as investigations continue, and whether additional individuals may be implicated in this ongoing case.