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Government auctions off 21 million baht worth of criminal assets


webfact

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By Erich Parpart

 

An auction of 21 million baht worth of seized assets from convicted drug criminals caused a buzz on Monday. 

 

The Ministry of Justice said the 192 auctioned items were parts of thousands of items worth 3.2 billion baht that were confiscated by the Narcotics Control Board (NCB) from October until present. Not all confiscated assets are appropriate for auctions, the government agency said. 

 

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“Our main target is to seize assets and expand the investigation to arrest the entire network,” said the Justice Minister, Somsak Thepsuthin. “The target is 10 billion baht since we have already confiscated more than three billion baht so far.”

 

Full story: https://www.thaienquirer.com/39646/government-auctions-off-21-million-baht-worth-of-criminal-assets/

 

TE

-- © Copyright Thai Enquirer 2022-04-26

 

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7 hours ago, webfact said:

“The target is 10 billion baht since we have already confiscated more than three billion baht so far.”

 

Note that the commission paid is 45% (seen 40% published as well as well as 55%, so not a lot of transparency on this perk) of the auction proceeds to the policeman.

 

Presumably this gets shared laterally, and vertically upwards.

 

This is how joe ferrari accumulated his massive wealth.

 

So you can understand how the police are motivated. 4.5 BILLION Baht is definitely not chump change.

 

 

 

 

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