Prince Holding Group (PHG) categorically denies and strongly refutes the baseless and defamatory allegations published in the December 10, 2024, article by The Diplomat, titled “Cyberscamming is Southeast Asia’s Incurable Disease.” 

The article irresponsibly alleges that “most of the scamming industry is being consolidated by Chen Zhi, a naturalized Cambodian citizen who owns the vast Prince Group conglomerate.”

1. Allegations Are Baseless and Unsupported

The claims made by The Diplomat are unfounded and lack any credible evidence. Neither Mr. Chen Zhi nor PHG has ever been implicated in cyber-scamming by any law enforcement authority, regulatory agency, or credible investigative organization. The article’s insinuations represent a deliberate attempt to link PHG and its Chairman to criminal activities without substantiation, thereby unjustifiably damaging our reputation.

2. PHG’s Proven Commitment to Transparency and Compliance

PHG operates under stringent compliance with local and international regulatory frameworks. As one of Cambodia’s foremost business groups, we adhere to high standards of corporate governance, ethical business conduct, and operational transparency.

3. Failure of Journalistic Integrity

The article from The Diplomat flagrantly disregards the foundational principles of accurate and impartial journalism. PHG was not contacted for comment prior to the publication of these damaging allegations, and the article fails to substantiate its claims with any verifiable evidence. This further undermines the credibility of the publication and raises serious concerns regarding the intent behind such inflammatory reporting.

4. Legal and Ethical Actions

PHG is actively assessing all available legal options to address these defamatory claims and hold The Diplomat accountable for its irresponsible reporting. Should these falsehoods continue to propagate, PHG will explore all necessary legal measures to protect its reputation and interests.

5. Upholding Accountability and Truth

PHG reaffirms its commitment to addressing legitimate, evidence-based inquiries regarding its operations. We remain dedicated to transparency, ethical business practices, and the pursuit of Cambodia’s sustainable development goals. Irresponsible journalism, as demonstrated by The Diplomat, not only undermines public trust but also unjustly damages reputations through unverified claims.

Conclusion

Prince Holding Group unequivocally denies and condemns the defamatory and false allegations published by The Diplomat. Such claims detract from our mission of driving economic progress and social development in Cambodia. PHG remains steadfast in its commitment to integrity, transparency, and accountability across all aspects of its operations.