China News

Li Thet, executive director of Hong Kong-listed FSM Holdings, resigned after US authorities linked him to an alleged Cambodian cyber-scam operation. The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Li for alleged criminal involvement with what it called the Prince Group transnational criminal organisation (TCO), which it and UK authorities said was involved in online scams, human trafficking and money laundering. Prince Holding Group, led by a Chinese-born...

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