Cambodia to liquidate bank founded by accused scam boss

Prince Bank "has been placed under liquidation in accordance with the laws" of the country, the National Bank of Cambodia (NBC) said in a statement. Prince Bank has been "suspended from providing new banking services, including accepting deposits and providing credit", it added. The NBC said it had appointed auditor Morisonkak MKA as the liquidator. Prince Bank is a subsidiary of Chen's Prince Holding Group, one of Cambodia's largest conglomerates, which Washington has said served as a front for...