Prince Group CFO Li Tian's $170 million London mansion and luxury watches frozen by UK

BlockBeats news, October 12, according to Caixin, after multiple luxury properties in London belonging to Prince Group founder Chen Zhi and Hu Xiaowei, alleged to be the "number two figure," were frozen, Prince Group finance chief Li Tian's £170 million London mansion and luxury watches have also been frozen by the UK.

Previously, when the U.S. Treasury Department announced sanctions on Prince Group and its associates, it listed Li Tian as a close associate of Chen Zhi, stating that he effectively served as the finance chief responsible for Prince Group's illegal fund operations, involving the management of illicit fund flows and large-scale cash smuggling.