Billions in assets frozen in money-laundering cases

[webfact]

Billions in assets frozen in money-laundering cases

By THE NATION

 

 

THE ANTI-MONEY Laundering Office (AMLO) yesterday decided to freeze more than Bt2.3 billion of assets in connection with alleged fraud in the former rice-pledging scheme as well as an embezzlement case associated with the National Office of Buddhism (NOB), a senior official said.

 

Based on the August 25 verdict in the rice-pledging scheme, the AMLO found 25 items in property and other assets belonging to suspect Thanyaporn Chansakulporn were concealed under the name of other people at the TC Property Company. The office would freeze assets worth Bt 2.3 billion, said Romasit Wiriyasan, who is acting on behalf of the AMLO chief. 

 

Thanyaporn is a daughter of Apichart Chansakulporn, alias Sia Pieng, whose assets worth Bt13 billion had already been seized in connection with fraud in the rice-pledging scheme, he said.

 

Rice businessman Apichart reportedly has close connections with Pheu Thai Party politicians. He was sentenced to six years’ imprisonment for embezzlement and fraud.

 

Fraud charges in the rice-pledging scheme were a political blow to the government of Yingluck Shinawatra, who was convicted last month for malfeasance in office. It was found that as prime minister at the time, she ignored scandal surrounding the project. 

 

At the same meeting yesterday, the AMLO decided to freeze 33 assets worth more than Bt71 million in connection with embezzlement of temple-restoration funds bestowed by the NOB.

 

The assets belong to the NBO’s former directors, Phanom Sornsilp and Nopparat Benjawatananan, many other officials, former Buddhist monks and laymen accused of embezzlement.

 

It is alleged that between 2012 and 2016 they embezzled hundreds of millions of baht that was meant for temple restorations.

 

Source: http://www.nationmultimedia.com/detail/politics/30328990

 

-- © Copyright The Nation 2017-10-11

 

[barrywhite]

Apt!

National Office of Buddhism (NOB)

[halloween]

With B13 billion already seized, Apichart Chansakulporn seems to have done quite well from the Yingluk government, via Siam Indica, after his earlier company President Agri went bankrupt owing the government billions.

 

BTW he has a 48 year sentence on top of the 6 year mentioned, for his involvement in the G2G scam. The 6 year sentence is the result of a 2014 20,000t G2G deal with Iran where he simply took the payment and the rice.

[ezzra]

And if the authorities were to dig a little dipper, they will find many

more case of money laundering, Ponzie schemes perpetrated by non

others but the ones that were suppose to be without faults or set

an example to all the rest of the Thai people....

[leeneeds]

So many parasites in the officialdom echelon,

extending their own hands and filling their pockets,

years of work to uncover them all, the AMLO passion for justice should not wavier  

 

 

 

[wakeupplease]

Next thing will be Yingluck will be blamed for the temple fiasco that been going on for donkeys years.

[darksidedog]

Given that fraud, theft, corruption and embezzlement are pretty much national pastimes, I suspect it will only be a matter of time before we hear of chunks of these siezed assets  mysteriously vanishing too.

[mikebell]

Are their passports being frozen too?  Anyone facing prosecution in Thailand with the above staggering sums in their piggie bank will have made provision for a sharp exit using a police driver.

[farang62]

Where does this money go, who accounts for it, how does this "windfall" benefit the Thai People.

With all of this money Thailand should not have any debt at all.!

[Chris Lawrence]

What the unelected Government is getting better at is sensationalising headlines. You get the headline but no meat. Surely their must be a story to all of this that also needs to be written? 

 

4 lines from Hal is not the story. 

 

Like this would be an hour on 60 minutes.

[Borzandy]

6 hours ago, webfact said:

It was found that as prime minister at the time, she ignored scandal surrounding the project. 

It's said, that's all!

[halloween]

3 hours ago, Chris Lawrence said:

What the unelected Government is getting better at is sensationalising headlines. You get the headline but no meat. Surely their must be a story to all of this that also needs to be written? 

 

4 lines from Hal is not the story. 

 

Like this would be an hour on 60 minutes.

60 Minutes (aka 20 mins of ads and 40 minutes of BS), like the DSI, can't deliver the whole story - that Apichart was given huge commissions and favourable deals in return for kickbacks to the Shinawatras because it can't be proven (yet).

However, there is plenty of evidence of huge commissions and preferential treatment, despite the fact that any due diligence would have ruled out this man and his company, should you care to look for it. Everything in those 4 lines is factual and can be backed by links I have provided in other threads.

[silent]

6 hours ago, wakeupplease said:

Next thing will be Yingluck will be blamed for the temple fiasco that been going on for donkeys years.

former lives matter here too don't they ?

[Chris Lawrence]

7 hours ago, halloween said:

60 Minutes (aka 20 mins of ads and 40 minutes of BS), like the DSI, can't deliver the whole story - that Apichart was given huge commissions and favourable deals in return for kickbacks to the Shinawatras because it can't be proven (yet).

However, there is plenty of evidence of huge commissions and preferential treatment, despite the fact that any due diligence would have ruled out this man and his company, should you care to look for it. Everything in those 4 lines is factual and can be backed by links I have provided in other threads.

Uncover it Hal! You say this but don't back yourself.

 

This is a massive story to do with a lot of money. You might even prove that YL is really innocent? Thai reporting has many layers, that's the problem.