Police seize ฿400m in assets from group of Chinese businessmen

[snoop1130]

 

Thai police impounded three luxury houses, a penthouse and ten luxury cars today (Tuesday), with a combined value of over 400 million baht, which are believed to belong to a group of Chinese businessmen allegedly involved in “grey” businesses in Thailand.

 

According to Pol Gen Torsak Sukvimol, the deputy national police chief, Thai police seized the houses in a housing estate in Soi La Salle in Bangkok’s Bang Na area, after it was discovered that they were bought by a Thai company, the majority of shares in which are believed to be in the names of Thai nominees. Ten luxury cars, found at the three houses,were also impounded.

 

Separately, another team of police went to a high-end condominium building on Charoen Nakhon Road and impounded a penthouse unit, worth about 100 million baht, believed to be linked to the same group of Chinese businessmen. About three million baht in Thai and Chinese currency were also found in the penthouse.

 

Full Story: https://www.thaipbsworld.com/police-seize-400m-in-assets-from-group-of-chinese-businessmen/

 

-- © Copyright Thai PBS 2022-11-29

 

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[ronster]

11 hours ago, snoop1130 said:

According to Pol Gen Torsak Sukvimol, the deputy national police chief, Thai police seized the houses in a housing estate in Soi La Salle in Bangkok’s Bang Na area, after it was discovered that they were bought by a Thai company, the majority of shares in which are believed to be in the names of Thai nominees.

So are they going to seize everyone’s property in the country now bought this way  ? ????

[Smokey and the Bandit]

34 minutes ago, ronster said:

So are they going to seize everyone’s property in the country now bought this way  ? ????

If they do they are going to upset a lot of people?????

[lujanit]

13 hours ago, snoop1130 said:

About three million baht in Thai and Chinese currency were also found in the penthouse.

I wonder how much was really found?  I suspect a lot more than three million baht.

[mikeymike100]

1 hour ago, lujanit said:

I wonder how much was really found?  I suspect a lot more than three million baht.

I tend to agree with you, I wonder if the police issued a receipt?????

[spidermike007]

The police likely kept most of the seized cash. Wonder if they have legal standing with regard to these seizures. It is their own assets that need to be seized. 

 

I wonder how much Chinese crime money finds its way to Xi, and the CCP. Likely, alot. 

[Purdey]

It is time for police generals to declare their assets. 

[hotchilli]

15 hours ago, snoop1130 said:

Thai police impounded three luxury houses, a penthouse and ten luxury cars today (Tuesday), with a combined value of over 400 million baht, which are believed to belong to a group of Chinese businessmen allegedly involved in “grey” businesses in Thailand.

Proceeds to go to the well connected?

[hotchilli]

1 hour ago, Purdey said:

It is time for police generals to declare their assets. 

That's as much a grey area as the businessmens.

[thesetat]

On 11/30/2022 at 7:32 AM, Smokey and the Bandit said:

If they do they are going to upset a lot of people?????

foreigners you mean. So they will not care that. 

[bangon04]

Is  Mo  Dern  Gem    a common chinese name?

[carbuyer]

Busted for using the Thai 51% loophole for owning property.

There are a LOT of people here who own a property under a Thai shell corporation. 

Could be problems ahead for them.