Assets ordered seized in 3 money-laundering cases, including ‘zero-dollar tour’ network

By The Nation

 

The Anti-Money Laundering Office (AMLO) transaction committee on Thursday decided to seize assets totalling Bt4.3 billion from suspects in three high-profile money-laundering cases, said AMLO acting secretary-general Pol Maj-General Rommasit Viriyasant.

 

The asset-seizing order is in effect for 90 days to prevent any or all of the assets being transferred, sold, embezzled or concealed from the authorities. 

 

In the first case, authorities said the Revenue Code and the Anti-Money Laundering Act of 1999 was violated by tour operators accused of involved in a “zero-dollar tour” network. The networked is accused of offering very cheap packages to tourists, mostly from China, and then pressuring them into buying overpriced goods and services. 

 

The AMLO was asked by the Revenue Department to seize 125 assets worth Bt4.246 billion belonging to Thai Herb Co former executive Thongchai Rojrungrangsi and other business associates, most of whom were also his own relatives. It was alleged that they had avoided paying over Bt10 million in tax per year and concealed assets and income information from 2011 to 2016 that allegedly resulted in damages worth Bt7.788 billion to the Revenue Department, said Rommasit.

 

In the second case, the 82 assets worth Bt62.183 million were seized from APS Clock System Co and associates as they were accused of borrowing money from banks to buy goods from overseas from 2011 to 2013. It was later found that both parties in the trade had the same authorised executives, Rommasit said. 

 

Forged documents were allegedly used in the loan applications, he said, in a case that allegedly led to damages worth Bt3.4 billion to banks, he added.

 

In the third case, Bt53 million in 120 bank accounts belonging to suspect Thaweesak Sujaritwattananont and others were seized. The suspects were allegedly linked to a Thailand-China-Taiwan call-centre scam that is accused of duping at least 13 victims in Northern Thailand and resulting in damages worth Bt19.8 million, Rommasit said.

 

Source: http://www.nationmultimedia.com/detail/breakingnews/30333953

 

-- © Copyright The Nation 2017-12-14

I suppose all these seized assets  could go towards buying more war weapons,

or they could be used to help schools,hospitals,buy more equipment to improve

services and thereby people's lives,which is more important ?

regards worgeordie

Edited December 14, 20178 yr by worgeordie
add on

5 minutes ago, worgeordie said:

I suppose all these seized assets  could go towards buying more war weapons,

or they could be used to help schools,hospitals,buy more equipment to improve

services and thereby people's lives,which is more important ?

regards worgeordie

Or nice watches

17 hours ago, worgeordie said:

I suppose all these seized assets  could go towards buying more war weapons,

or they could be used to help schools,hospitals,buy more equipment to improve

services and thereby people's lives,which is more important ?

regards worgeordie

Submarines first !!!