Chen Zhi, a partner and manager of Taiwan's BCH Real Estate, expressed his grievances in an interview with The Times in the UK?

According to ongoing investigative reports by Hong Kong 01 journalists tracking the transnational criminal network of Chen Zhi, the mastermind behind the Cambodian Prince Group, more criminal activities have been exposed. Surprisingly, this alleged mastermind controlling a massive black gold empire had previously encountered “black eats black” situations in both Taiwan and Singapore. Among the most notable is Teo Kang Yeow Cliff, a Singaporean executive who once managed the real estate investments of the Taiwanese Prince. This partner, who is almost equal in status to Chen Zhi, has been accused of stealing company funds, embezzling a total amount of up to 900 million New Taiwan Dollars (approximately 226 million Hong Kong Dollars). He is now wanted by Taiwanese prosecutors and is currently missing.

Zhang Gangyao was responsible for the overseas gambling website Daniu Technology in Taiwan as early as 2019. Although the supervisors of Daniu were sentenced, Zhang Gangyao, as the person in charge, was not prosecuted by the Taiwanese prosecutors, allowing him to move freely. It was not until the end of this year, after the Chen Zhi and BCH Group case was exposed, that it was discovered that this person had been active in Taiwan for many years, deeply involved in multiple cases.

Even more exaggerated is that Zhang Gangyao, when wanted by Taiwan in connection with the Chen Zhi case, could still accept an interview with the British “The Times”, insisting that he is a scapegoat. He also revealed insider details about his work with Chen Zhi, pointing fingers at internal power struggles within the group. Meanwhile, Chen Zhi's representative lawyer also insisted in New York that Chen Zhi is innocent, as if the victims of fraud cases in Taiwan and around the world do not exist.

Singaporean executive absconds with 900 million; Taiwan issues a wanted notice: behind it also involves gang financial flows.

According to Hong Kong 01 news reports, Zhang Gangyao is not only accused of siphoning off huge amounts of funds from the BCH group’s company in Taiwan, but also has financial dealings with the Taiwanese gang “Four Seas Gang”, being pointed out for assisting in operating counterfeit gambling platforms to cover up money laundering. Taiwanese prosecutors indicated that these platforms operate using overseas servers, and then local financial companies transfer the funds, with part of the funds suspected to be routed by Zhang Gangyao, ultimately flowing into the gang's influence. As the BCH group in Cambodia is revealed to be involved in a massive fraud scheme, financial clues from Taiwan are gradually emerging.

Another high-ranking official in Singapore is also involved in the case, with the family office head embezzling HKD 35 million.

A survey by Hong Kong 01 also shows that Chen Zhi's close financial core in Singapore has similarly erupted in an internal embezzlement case. Among them, Wong Wai Kay David, the head of the Singapore family office, has been accused of embezzling 5.84 million Singapore dollars (approximately 35 million Hong Kong dollars) of public funds and has currently been prosecuted by the authorities.

Two senior executives from Singapore encountered issues simultaneously in two different jurisdictions. Does this reflect a long-term chaos in the management of black money within the group? The outside world is still observing, but judicial records indicate that the flow of funds within the BCH group is highly opaque, and internal strife and power struggles seem to be no longer a secret.

Zhang Gangyao's event summary related to activities in Taiwan

2019: Appeared as an “Investment Ambassador”

Zhang Gangyao established “Taiwan BCH Real Estate Investment Co., Ltd.” in Taiwan in 2019, and appeared as the representative of the BCH Group to accept media interviews. He emphasized his optimism about the Taiwanese market at that time, hoping to bring projects such as commercial offices, residential properties, and leisure resorts from Cambodia to Taiwan. He claimed that the return on investment could reach 6%, with a low entry threshold, attracting many investors to inquire. Looking back at the content of the interview now, many details seem to resemble the typical tactics of scam groups.

Around 2019: Formerly the head of a foreign gambling website for Big Bull Technology, Taiwan prosecutors “did not prosecute”.

The investigation shows that Zhang Gangyao also held the title of registered person in charge of Daniu Technology. The company was previously seized by the Taiwan police for assisting the operation of overseas gambling websites. Ultimately, Zhang Gangyao, as the person in charge, was “not prosecuted” by the Taiwan prosecution, but four executives of the company were sentenced, and Daniu Technology's registration has been revoked by the regulatory authority.

2020–2021: Start misappropriating funds

Subsequent court documents and internal audits of the company show that he is accused of transferring funds from multiple companies of the BCH Group in Taiwan through Yuanta Bank accounts to private accounts or overseas support accounts. The total amount embezzled amounts to tens of millions of dollars and New Taiwan dollars, equivalent to approximately 900 million New Taiwan dollars.

August 2023: Four companies sued Zhang Gangyao

The companies involved in the black-on-black dealings with Zhang Gangyao include four enterprises: Chengshuo, Maiyu, Ruidu, and Boju. These companies filed civil and criminal complaints with the Taipei District Court. The court ruled that Zhang Gangyao and another defendant from Singapore, Lim Tai Rong, should jointly compensate approximately 900 million New Taiwan dollars. (Source: Tai Report, November 6, 2025)

October 22-23, 2025: The Taiwanese prosecutors officially issued a wanted notice.

With the exposure of fund flows, company documents, and remittance records, the Taiwanese prosecutor's office has determined that two Singaporean executives in Taiwan are involved in crimes such as embezzlement, money laundering, and breach of trust, and has officially issued arrest warrants.

November 2025: Zhang Gangyao was identified as the mastermind behind the “black eat black” scheme.

Taiwan's investigation and prosecution authorities are continuing to expand their investigation into the scam park case involving the BCH group in Cambodia, with multiple individuals in Taiwan being detained, and luxury homes, sports cars, bank accounts, and corporate assets being seized. Zhang Gangyao has been listed as a wanted person abroad since he has already left the country. According to reports from several media outlets, there are indications that Zhang Gangyao does not appear to be a mere victim, but rather one of the key figures in the internal “black eat black” of the BCH group, suspected of using financial loopholes in the company to embezzle billions in funds, then using excuses to cut ties with the group and escape, and may even be a false black eat black, true money laundering.

Zhang Gangyao insists he is innocent in an interview with the UK Times.

Zhang Gangyao, in an interview with The Times, insisted that he did not misappropriate company funds, but instead accused Chen Zhi and his aides of manipulating all cash flows, claiming he was merely managing on their behalf. He mentioned that Chen Zhi acted autocratically and maintained a very high-pressure approach to internal management, making many senior executives reluctant to question him. Despite his statements contradicting the evidence held by Taiwanese law enforcement, it seems that there has been long-term turmoil within the BCH Group.

If the senior management of the group indeed accuses each other of embezzling and engaging in blackmail numerous times, it implies that their financial controls are extremely lax, and it may essentially be a criminal organization rather than a typical company. Ironically, the “BCH Group” and the representative lawyer of Chen Zhi are also crying injustice in the United States, as if no one is a victim under the fraud group, and the fraudsters can turn from perpetrators to victims. What about the innocent people who have been defrauded and lost everything?

In this article, partner Chen Zhi and Zhang Gangyao, who manages Taiwan's BCH real estate, express their grievances in an interview with The Times in the UK? First appeared in Chain News ABMedia.