<figure id="attachment_3197794" aria-describedby="caption-attachment-3197794" style="width: 1600px" class="wp-caption aligncenter"><img loading="lazy" class="wp-image-3197794 size-full" src="https://media.freemalaysiatoday.com/wp-content/uploads/2025/10/0810d593-13091011.webp" alt="" width="1600" height="1000" /><figcaption id="caption-attachment-3197794" class="wp-caption-text">Singapore police said they had seized or barred the sale of more than US$116 million in assets linked to Chen Zhi and his associates. (EPA Images pic)</figcaption></figure>
SINGAPORE: Singapore police have arrested a US-sanctioned man who operated a superyacht for the alleged mastermind of one of Asia’s largest scam networks.
Nigel Tang Wan Bao Nabil was taken into custody on Dec 11 after he returned to Singapore, according to a police statement yesterday in response to a query from Bloomberg News.
Tang is currently out on bail, according to people familiar with the matter who asked not to be identified, sharing non-public information.
Tang was arrested for his “suspected involvement in money laundering offences,” linked to Chen Zhi and companies associated with him, Singapore police said in the emailed statement.
US authorities have indicted Chen, a China-born Cambodian citizen, and accused him of leading a transnational criminal ring that operated a network of scam compounds with enslaved workers.
Prosecutors alleged that Chen and his Prince Holding Group stole from victims of online “pig butchering” operations in the US and other countries, and laundered billions of dollars in illicit funds.
The US said the 38-year-old is currently “at large”.
Tang, 32, is one of three Singapore citizens who were sanctioned by the US in October for their ties to Chen, the founder and chairman of Prince, the Cambodian conglomerate.
Tang was the captain of a superyacht called NONNI II that Chen owned, and is a director and operations head of a Singapore-registered company called Warpcapital Yacht Management Pte Ltd, according to the US Treasury.
Chen and his associates held frequent parties on the 53m superyacht, Bloomberg earlier reported, citing a person familiar with the matter.
Tang is also the head of operations at Capital Zone Warehousing Pte Ltd, a Chen-controlled Singapore firm that operated a tax-exempt warehouse for imported alcohol and tobacco products.
Tang didn’t respond to a request for comment. Prince has denied the scam allegations.
Since the US unveiled its case against Chen and Prince, authorities in the city-state and other countries have stepped up their own investigations into the group’s activities.
Singapore police in late October said they had seized or barred the sale of more than S$150 million (US$116 million) in assets linked to Chen and his associates.
They included properties, bank accounts, bottles of liquor, vehicles and a yacht.
At the time, the police said Chen and his known associates were not in Singapore.
Bank accounts
At least 15 bank accounts were among the assets seized, according to a court filing seen by Bloomberg News.
Four Singapore companies Chen controls, including his local family office and Capital Zone Warehousing, last month applied to a local court for a limited release of funds from some frozen accounts to pay former and current employees’ salaries and cover legal and other expenses.
Another US-sanctioned Singaporean, Karen Chen Xiuling, is driving the application, and is currently traveling in Cambodia, according to the document.
The firms’ legal team argued they face “severe consequences” if they can’t meet their contractual and legal obligations via release of the funds.
It said in another filing that the firms need to pay outstanding rent despite being evicted from their premises, and they owe salaries to all their employees that have left.
Only two staff members remain, including Karen Chen.
Clarence Lun Yaodong, a lawyer representing the four firms, Warpcapital Yacht Management, and Karen Chen, said in response to queries from Bloomberg that a court has heard the application and will decide on the matter.
Malaysia’s largest bank, Malayan Banking Bhd, and UK-based Revolut Ltd held more than US$3.2 million for companies controlled by Chen and his associates, according to a separate filing by prosecutors.
The various firms also had accounts at Singapore bank Oversea-Chinese Banking Corp and Malaysia’s RHB Bank Bhd which have been seized, according to the affidavit supporting the application.
In addition, Chen’s companies previously had accounts with Malaysia’s CIMB Group Holdings Bhd that have since been closed.
OCBC declined to comment while RHB said it is unable to comment as the matter is currently under a police investigation.
CIMB’s Singapore branch said it does not comment on any individuals or entities.
Revolut said in an earlier statement that it is not able to comment further on a matter before the courts.
Maybank did not respond to a request for comment.
Singapore prosecutors have objected to the request to unfreeze the money.
They said in their court submission that the funds “are suspected tainted properties” related to suspected criminal activities.
They said the local commercial affairs department &#8211; the police’s white-collar crimes unit &#8211; is investigating Chen, his key associates and related companies.
They also added that Karen Chen and Alan Yeo, another sanctioned Singapore citizen who is the CEO of the family office, did not respond to the department’s requests to be interviewed.

MatchPoint Times

Singapore arrests superyacht operator linked to alleged scam network

Nigel Tang Wan Bao Nabil was taken into custody after he returned to Singapore, according to a police statement.

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