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UK freezes London penthouse of alleged Prince Group finance chief Thet Li
UK authorities have placed a freezing order on a £12 million London penthouse owned by Thet Li, who is alleged to have served as the finance chief of the Prince Group scam empire. Li purchased the 13th‑floor apartment near St James’s Park for £8.9 million in 2022, according to The Times. The order follows a Foreign Office investigation and U.S. Treasury sanctions imposed in October 2025 that labeled Li a “de‑facto illicit finance CFO” involved in cash smuggling and dirty‑money management. The UK also sanctioned Li in March under its global human‑rights regime, citing his links to Prince Group leader Chen Zhi and alleged forced‑labour operations in Cambodia. Freezing orders also cover a £12 million St John’s Wood mansion and a £100 million City of London office building linked to Chen Zhi. Police previously raided two Isle of Man homes linked to Li in an FBI operation, and the U.S. is seeking forfeiture of $14 billion in Bitcoin tied to the group.