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Regulation

Prince Group's alleged finance chief faces UK court bid over £10.6 million in jewels

Image: Cryptopolitan

UK authorities are going to court on Monday to keep £10.6 million worth of watches and jewelry seized from alleged Prince Group finance chief Thet Li. They also want to hold £92,570 in cash, which was seized from him. Li’s London penthouse is already frozen . The 39-year-old bought the 13th-floor flat overlooking Buckingham Palace near St James’s Park for £8.9 million in 2022. A Foreign Office probe has led to its entry at the Land Registry now being subject to a freezing order. While an order like that remains, it bars an owner from selling or renting a property.

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