Alleged scam kingpin Chen Zhi arrives in China after extradition from Colombia

Chen founded multinational conglomerate Prince Group that US says is front for multibillion-dollar fraud operation

Chinese television has shown footage of the US-indicted tycoon Chen Zhi being escorted by armed police after his extradition to China from Cambodia, where authorities on Thursday ordered the liquidation of a bank he founded linked to a massive scam centre" network.

Chen, who chairs a conglomerate the US says is a front for a multibillion-dollar online fraud operation, was shown in handcuffs and hooded as he was led off a plane at a Beijing airport by black-clad Swat officers, with the state broadcaster CCTV describing him as the leader of a major transnational gambling and fraud crime syndicate".