Director of S'pore-listed firm resigns after US adds her to sanctions list

This comes amid alleged links with a Cambodian accused of running a global scam operation

- Kang Wan Chern Deputy Business Editor

An independent director of Singapore-listed 17Live Group has resigned after she was added to a US sanctions list for her alleged links with a Cambodian businessman accused of running a global scam operation involving forced labour.

Ms Karen Chen Xiuling is among three Singaporeans and 17 Singapore-registered entities added to the US Specially Designated Nationals and Blocked Persons list.

She voluntarily resigned on Oct 15 from her role as an independent director of I7Live, a Taiwanese live-streaming company.

US persons and companies are banned from doing business with anyone on the list, which is regulated and maintained by the US Department of the Treasury’s Office of Foreign Assets Control, the agency responsible for administering and enforcing economic and trade sanctions.

A report by The Business Times on Oct 15 said Ms Chen and two other Singaporeans were allegedly involved in the business dealings of Chen Zhi, 37, a Cambodian national and founder of Prince Holding Group, one of the country’s largest conglomerates.