A collection of luxury supercars valued at approximately $27 million, seized from the scandal-ridden Prince Group, will be auctioned in Taipei.
The 34 luxury vehicles, worth over NT$850 million ($26.8 million), were confiscated by the Taipei District Prosecutors Office in 2025, Taiwanese media reported. Many of these cars were registered to Chen Zhi, the group’s head, and his associate, Li Thet.
The auction, scheduled for February 25th at the Taiwan Police Academy, will feature 32 of the seized cars, including a Bugatti Chiron and limited-edition models like the McLaren Senna LM and Ferrari Monza SP2. This marks the first time the academy’s facilities will be used for such an event due to the significant number of high-value cars involved.
The Prince Group, based in Cambodia, has faced legal troubles, including indictment by the US Department of Justice for alleged involvement in transnational investment fraud and money laundering. Taiwanese authorities have already arrested 25 individuals linked to the group and seized over NT$4.5 billion ($142.3 million) in illegal assets.
Investigations revealed that the Prince Group has 12 companies in Taiwan, with four directly linked to money laundering.
Two other companies involved, Tianxu International Technology and Haoyue Company, were said to run online gambling operations, with investigations finding they were essentially aiding money laundering activities.
Additionally, to conceal their criminal proceeds, Chen Zhi and Li Thet established an underground money exchange in Taiwan and directed their network’s operations to set up a “Hengxin Exchange” in mainland China.
