Based on MetaEra, on October 26 (UTC+8), the Monetary Authority of Singapore (MAS) is investigating the Singapore-based family office DW Capital Holdings (DWC), linked to the Cambodian 'Taizi Group' fraud case. The group's leader, Chen Zhi, established DWC in 2018 to manage family office assets, claiming over SGD 60 million in assets under management. The firm claimed compliance with MAS's 13X program and tax exemptions, with assets including SGD 10 million in auto financing, SGD 30 million in premium winemaking, and approximately SGD 20 million in yacht management. (Source: TechFlow)
MAS Investigates Singapore Family Office DW Capital Holdings Over Alleged Ties to Cambodian Scam
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