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Outbyte Driver Updater FREEScan for outdated or missing drivers - takes under a minuteDriver Scan →Outbyte PC Repair FREEClear out junk files and repair common Windows errorsFree Scan →A £9 million penthouse in Victoria, London, owned by Li Thet—also known as Li Tian—was frozen in UK sanctions action targeting people linked to Cambodia’s Prince Group, according to OCCRP. The reported value is about $12 million; the available reporting describes an asset freeze, not a confiscation or transfer of ownership.
What is known about the penthouse?
OCCRP reports that Li Thet, also known as Li Tian, owns the Victoria penthouse and that it was frozen as part of UK sanctions action involving individuals linked to Prince Group. The report values the property at £9 million, rendered as approximately $12 million. That is the reported sterling valuation; the dollar amount is not a separate official valuation.
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OCCRP attributes to the UK Foreign, Commonwealth & Development Office (FCDO) the description of Li as a “key lieutenant of Chen Zhi” who managed Prince Group’s international financial network, including in Taiwan. This is an attributed official assessment, not evidence of a criminal conviction of Li.
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What does “frozen” mean here?
The reporting says the penthouse was frozen, meaning it is subject to a sanctions-related restriction. It does not establish that the property was confiscated, that its title changed hands, or that it was permanently seized. The accessible account does not establish the exact date or legal instrument for this particular freeze.
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How does this differ from other London property cases?
The Victoria penthouse is distinct from other properties reported in connection with the wider alleged scam-centre network. The owners or associated people, locations, values, and reported actions differ:
| Property | Owner or associated person | Reported value | Reported action and source |
|---|---|---|---|
| Victoria penthouse, London | Li Thet, also known as Li Tian | £9 million (about $12 million), as reported by OCCRP | Reported frozen in later UK sanctions action; exact date and legal instrument are not established in the accessible OCCRP account. |
| North London mansion | Connected to the network targeted in the UK-US announcement; the cited release does not identify an owner in the supplied property description | £12 million | Described as frozen in the FCDO and Home Office announcement of 14 October 2025. |
| Fenchurch Street office building and 17 flats on New Oxford Street and in Nine Elms | Property interests connected by the government to the network targeted in the 2025 announcement | £100 million for the office building; no value stated for the flats | Listed in the FCDO and Home Office announcement of 14 October 2025. |
| Belgravia townhouse | Registered to Zhao Chen, Hu Xiaowei’s wife | £53 million (about $71 million), as reported by Caixin Global | Caixin reported a separate freeze on 18 September 2026. |
The UK government’s 14 October 2025 announcement described coordinated UK-US sanctions against a network it said operated illegal scam centres across Southeast Asia. It said the network involved forced labour, online fraud, and cryptocurrency investment scams. Those are allegations about the network described by the government; they should not be treated as proven conduct by Li or any other named person without evidence specific to that person.
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What has not been established?
- The exact date and legal instrument used to freeze Li Thet’s penthouse are not established in the accessible reporting.
- The reporting does not establish confiscation, a change in title, or a permanent seizure of the penthouse.
- The UK government’s October 2025 release concerns a separate sanctions announcement and does not, on its own, establish the legal basis for the later reported action involving Li’s property.
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