A Cambodian conglomerate whose founder has had more than $15 billion of allegedly ill-gotten assets seized said it “categorically rejects” claims he amassed his fortune running an internet scam empire.

A frenzy of asset confiscations in Europe, the United States and Asia have targeted Cambodia’s Prince Holding Group — with authorities alleging its founder Chen Zhi was running a transnational criminal organisation.

The US Justice Department in October unsealed an indictment against the tycoon, accusing him of presiding over forced labour camps in Cambodia where trafficked workers conduct online scams.

US investigators seized around $15 billion worth of Bitcoin they allege are criminal proceeds — the largest forfeiture action in the Justice Department’s history.

Britain also froze busine

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