A Singapore district judge rejected an application tied to DW Capital, a Singapore-based family office linked to alleged scam kingpin Chen Zhi, to release funds frozen amid a money-laundering probe. Court documents said the Singapore family office sought to release funds for salaries, taxes and future costs. District Judge Kok Shu-en questioned the applicant’s credibility and ruled that preserving the assets best served the interests of justice as investigations into the Sing

Global accounting firm BDO has resigned from its work for DW Capital Holdings, a Singapore family office sanctioned by the US and UK over alleged links to Cambodia’s Prince Group. Two BDO employees also stepped down as DW Capital’s company secretaries following the US Treasury’s action. The firm had helped incorporate DW Capital in 2018, using BDO’s Singapore office address in filings. Authorities imposed sanctions on 146 individuals and entities tied to what they described a