According to Singapore Asian News Channel, Singapore police arrested 44-year-old Chen Xiuling at Changi Airport on November 5. Chen previously served as a director of multiple Singapore-registered companies believed to be owned by Tycoon Group founder Chen Zhi, and faces charges related to submitting false agreements to JTC Corporation in 2022 to obtain property lease approvals.

Since June 2026, police have issued disposal bans on 14 Tycoon Group properties and frozen multiple bank and securities accounts. The seized and restricted assets exceed SGD 700 million (approximately USD 78 million).

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