SINGAPORE, Dec. 29 -- Singapore authorities may seize more assets linked to Cambodian tycoon Chen Zhi after their existence was disclosed during a court hearing, according to The Straits Times.

Investigators from the Commercial Affairs Department (CAD) are understood to be looking to seize cheques worth more than S$3.7 million (RM11.6 million), bonds valued at over US$200,000 (S$257,000), and security deposits totalling S$362,200.

The disclosure followed a November 18 court application by a former employee of Chen's Singapore-based family office, DW Capital, seeking the release of frozen funds.

Filed by the former human resources manager on behalf of DW Capital's sole remaining director, Karen Chen Xiuling, the application covered fund...