"BCH Group" Chen Zhi was exposed for purchasing a luxury house in Japan and establishing 3 companies, with the price of the second-hand houses in the purchased community being approximately 10.33 million USD.

PANews, November 18 – According to reports from Elephant News, Chen Zhizeng, the chairman of the Cambodian “BCH Group,” attempted to obtain long-term residency by establishing a company in Japan and purchased a luxury home in a high-end residential area in Tokyo. In recent years, the “BCH Group” has founded three related companies in Japan, including the consulting firm Prince Japan established in 2023, the real estate company Canopy Sands Development Japan Co. founded in 2024, and a company set up by Chen Zhizeng in 2022. These companies have held seminars to promote high-end real estate projects in Cambodia, suspected of using criminal proceeds for development and laundering money through sales. According to reports, Chen Zhi's initial residence was registered near the headquarters of the Prince Holding Group in Phnom Penh, Cambodia, and was changed in 2024 to a high-end apartment in Minato, Tokyo. It is reported that the apartment has an area of over 150 square meters, with a monthly rent of around several million yen, and some second-hand properties are priced over 1.6 billion yen (approximately 10.33 million USD). Although Chen Zhi frequently travels to Japan, local residents have not witnessed his presence. Previously, the U.S. Department of Justice charged the “BCH Group” with involvement in large-scale investment fraud and Money Laundering crimes, and applied to confiscate approximately $12 billion in Bitcoin assets held by Chen Zhi. In the face of sanctions pressure, the “BCH Group” issued a statement in November denying all charges, claiming that the related investigation is unfounded, and questioning the U.S. side's intention to illegally confiscate assets. However, the U.S. and the U.K. have joined forces to implement sanctions, and other countries have also begun investigations.