Fraud
Economy
PwC’s Evergrande crisis deepens with record Hong Kong settlement and criminal probes
Evergrande’s fraud has caught up with PricewaterhouseCoopers in Hong Kong, bringing major fines, client exits and criminal probes, and casting doubt over the accounting giant’s future in Hong Kong and mainland China.
Caixin Global
04 May 2026
Economy
China captures Prince Group associate tied to US$24 billion crypto network
The arrest of a senior associate of alleged crime boss Chen Zhi exposes the hidden machinery behind Prince Group’s empire, as China’s widening crackdown pulls back the curtain on a vast Southeast Asian network of scams, gambling and illicit finance.
Caixin Global
10 Apr 2026
Politics
Why alleged scam kingpin Chen Zhi was sent to China, not the US
Despite facing criminal charges in the US, Prince Group founder and chairman Chen Zhi was deported to China. His case sheds light on Cambodia’s geopolitical calculations — and why Beijing’s pull outweighed Washington’s claims. Lianhe Zaobao correspondent Liu Liu looks at the implications.
Liu Liu
12 Jan 2026
Economy
How scammers are tarnishing Singapore’s incorruptible image
Singapore’s spotless reputation as a disciplined financial hub faces a reckoning as luxury property, philanthropy, and family offices become tools for global scam syndicates — testing how incorruptible the city-state truly is, says former journalist Goh Choon Kang.
Goh Choon Kang
11 Nov 2025
Economy
How cryptocurrency is used to move billions of RMB in and out of China
Cryptocurrencies have lowered the barriers to running an underground currency exchange as they eliminate the need for large reserves of both local and foreign currencies. But their decentralised nature and degree of anonymity offered to users have also complicated supervision and law enforcement efforts.
Caixin Global
28 Feb 2025
Politics
Trump-Musk joint reforms and the American constitutional crisis
What is the true purpose of recent audits and reforms by US President Donald Trump and Elon Musk’s new Department of Government Efficiency (DOGE)? Though they purportedly target corruption, researcher Zhu Ming says that they could be an attempt to undermine the constitution and consolidate power.
Zhu Ming
24 Feb 2025
Society
Chinese actor’s rescue recasts spotlight on telecom fraud
While Chinese actor Wang Xing survived his ordeal at the Thai-Myanmar border, many other victims of telecom fraud continue to be at risk. The scale of these operations across Southeast Asia makes them hard to root out. Meanwhile, the tourism sector in countries like Thailand may be taking a hit from the negative reports. Lianhe Zaobao correspondent Yu Zeyuan tells us more.
Yu Zeyuan
13 Jan 2025
Society
How AstraZeneca’s China fraud was about more than greed
AstraZeneca, a London-based drugmaker which entered China in 1993, has been ensnared in several scandals in recent years. A three-year crackdown on alleged medical insurance fraud has led to an investigation into Leon Wang, the company’s president for the country.
Caixin Global
08 Nov 2024