Singaporean father, son executives quit Khoon Group following alleged links to Cambodian tycoon Chen Zhi’s cybercrime network
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Khoon Group's executive directors, Ang Jui Khoon and Ang Kok Kwang, have resigned amid allegations of links to a cybercrime network led by Cambodian tycoon Chen Zhi. Ang Kok Kwang stepped down as CEO, while his father resigned as chairman. Their departures follow sanctions imposed by the U.S. Treasury on Khoon Group for these alleged connections. The company denied involvement in the alleged activities and clarified that the Ang family sold their stake in Khoon Group to Chen nearly three years ago. Chen faces charges in the U.S. for orchestrating a cryptocurrency scam.
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