Paul Pretlove, James Drury and David Standish from the international advisory firm Interpath were appointed joint provisional liquidators in respect of 30 BVI entities connected to The Prince Group including Prince Global Group Limited and Prince Global Holdings Limited (together ‘the Companies’) on 9 January 2026 following an application made by the Attorney General in British Virgin Islands (BVI) to wind up the companies on a just and equitable basis.
The Companies are part of Prince Group, the Cambodian network of businesses with interests across the real estate, financial services and leisure sectors.
In October 2025, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) and Financial Crimes Enforcement Network (FinCEN), alongside the United Kingdom’s Foreign, Commonwealth, and Development Office (FCDO), imposed sweeping sanctions on 146 targets within and connected to the Prince Group, designating it a ‘Transnational Criminal Organization’ responsible for crimes including online investment scams and the laundering of stolen funds targeted at victims worldwide.
Subsequently, the Attorney General in BVI has taken the step of seeking for the appointment of liquidators over all 28 of the Prince Group entities registered in BVI that were included in these sanctions (and a further 2 companies named in the verified complaint in rem filed by the United States of America on 14 October 2025), with the intention of securing assets and facilitating effective cooperation with relevant authorities, including in relation to potential and ongoing criminal investigations and prosecutions connected to the affairs of the Companies. The focus of the joint provisional liquidators will be to gather information and take all steps necessary to maximise the preservation and recovery of assets, in order to enable funds to be returned to creditors impacted by these alleged crimes.
