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SINGAPORE: An independent director of Singapore-listed live-streaming firm 17Live Group, which is backed by Temasek’s subsidiary Vertex Venture Holdings, voluntarily resigned after she was added to a US sanctions list over alleged links to a global scam operation.   Karen Chen Xiuling, who joined the board as an independent director in December 2023, stepped down on Oct 15, the same day she was named on the US Treasury’s Specially Designated Nationals (SDNs) list alongside two other Singaporeans and 17 Singapore-registered firms, Malay Mail reported, citing The Straits Times.   The designation bars US individuals and companies from conducting business with them.   The sanctions are tied to 38-year-old Cambodian national Chen Zhi, also known as “Vincent,” and his conglomerate, Prince Holding Group, which US and British authorities have accused of running forced labour scam compounds in Cambodia. Victims were allegedly detained and made to run cryptocurrency investment schemes, or “pig-butchering” scams, that stole billions of dollars from people worldwide. See also  Ho Ching raises eyebrows by re-posting Workers' Party policy proposal on her personal page US officials allege that 43-year-old Ms Chen oversees several companies across Mauritius, Taiwan, and Singapore and is listed as the ultimate owner of various Prince Group-linked entities. The Business Times reported that Ms Chen is a director or company secretary in all 17 of the sanctioned Singapore-based firms. In a filing with the Singapore Exchange, 17Live confirmed Ms Chen’s resignation, noting that the board was made aware that Ms Chen was on the US Treasury’s Office of Foreign Assets Control (OFAC) SDN list on the evening of Oct 15, but clarified that she was not involved in the company’s business or operations. The firm also said it had never conducted business with Ms Chen, her company DW Capital Holdings, or Mr Chen Zhi.   Shares of 17Live fell 1.6% following the announcement.

A Chinese woman has been arrested and charged over the theft of gold from the Natural History Museum in Paris, in one of several recent high-profile break-ins targeting French cultural institutions, a prosecutor said on Tuesday. The theft – by what the museum’s director at the time said was an “extremely professional team” – took place on September 16, about a month before an audacious jewellery heist at the world-famous Louvre Museum on Sunday. A 24-year-old Chinese woman was arrested in Barcelona on September 30 over the Natural History Museum break-in and theft of gold worth more than US$1 million, Paris prosecutor Laure Beccuau said.     The suspect was handed over to French authorities on October 13 and was charged with theft and criminal conspiracy and put in provisional detention the same day. Investigations showed she had left France the day of the break-in and was preparing to return to China. At the time of her arrest, she was trying to dispose of nearly 1kg (2.2 pounds) of melted gold pieces, the prosecutor said, without providing more details. The Natural History Museum curator discovered the theft of exhibited gold nuggets after a cleaner reported debris on site. Animal and dinosaurs skeletons are displayed at France’s Museum of Natural History in Paris. Photo: Shutterstock   The stolen items included nuggets from Bolivia donated in the 18th century, from Russia’s Ural region gifted by Tsar Nicholas I in 1833, and from California dating to the gold rush era.   A 5kg (11 pounds) nugget from Australia discovered in 1990 was also taken, Beccuau said. Nearly 6kg (13.2 pounds) of native gold was stolen, with damages estimated at €1.5 million (US$1.7 million), she added, noting that the historical and scientific value of the pieces was “priceless”. Native gold is a metal alloy containing gold and silver in their natural, unrefined form. Investigators found two museum doors had been cut with a grinder and the display case breached using a blowtorch. Tools including a blowtorch, grinder, screwdriver, gas cylinders and saws were recovered nearby. Surveillance footage showed a lone intruder entering the museum shortly after 1.00am and leaving around 4.00am, according to Beccuau. Crown jewels stolen from France’s Louvre museum in daring daylight heist The investigation is ongoing, she added.   Police are also still on the hunt for thieves who stole priceless royal jewels from the Louvre Museum in a spectacular daylight robbery on Sunday. The heist has reignited a row over a lack of security in France’s museums.