Luxury yacht parties hosted by Cambodia-based fraud organization Prince Group chairman Vincent Chen Zhi — allegedly involving sexual services — are under investigation after Taipei authorities detained 25 people and froze NT$4.5 billion (around HK$1.1 billion) in assets on Tuesday (Nov 4).
(Read more: Taiwan freezes over NT$4.5 billion in assets, seizes Ferraris from fraud group leader Chen Zhi)
According to Taiwanese media, the Prince Group held high-level parties in Taiwan each year, with Chen’s subordinate, Li Shouli — general affairs manager at Taiwan Skyline Worldwide Limited — responsible for arranging sex workers.
Sources said Li, a former manager at Taipei’s Longheng nightclub, leveraged his industry connections to recruit young women to entertain Prince Group executives and host private gatherings for political and business elites.
Chen also reportedly purchased three luxury yachts to host three-day, two-night parties in Southeast Asian waters. Media reports said Chen’s assistant, Li Tian, spent more than NT$1 million annually on young Taiwanese women for personal companionship.
Reports added that Chen and his associates preferred Taiwanese women, describing them as “gentle and attentive.” Li Tian once offered NT$3 million (about HK$750,000) in cash to a Taiwanese hostess, later settling on a NT$1 million (about HK$250,000) monthly arrangement after Li Shouli negotiated the terms. Li Shouli has since been detained by authorities.
The investigation is ongoing.
