Pattaya police seize 70 million baht in assets from another Chinese “businessman” allegedly tied to Club One

[webfact]

 

By Tanakorn Panyadee

 

Pattaya — Pattaya police’s probe to dismantle the illegal network linked to several Chinese businessmen has found another Chinese suspect whose assets of over 70 million baht are set to be confiscated.

 

The suspect, dubbed MR. Yang Zhiguo, is pinpointed by police as the supplier of illegal drugs to Club One, where hundreds of patrons fled drug tests earlier this year. The club’s owner “Ku Aew” is still in police custody under suspicion that he had used another Thai man’s ID to conceal his real Chinese nationality.

 

Police said Zhiguo provided illegal “happy water” to the club. The Pattaya Provincial Court placed an arrest warrant on him for collusion with more than two people to commit a serious illegal drug-related wrongdoing, possession of a psychotropic substance for sale, and receiving benefits from drug-related offenders.

 

Zhiguo, who is believed to have fled Thailand already, used the illegitimate money to buy a house in Pattaya, Chonburi, where he opened a shell real estate company named C&F 112 Property, according to police.

 

Full story: https://thepattayanews.com/2022/12/16/update-pattaya-police-seize-70-million-baht-in-assets-from-another-chinese-businessman-allegedly-tied-to-club-one/

 

-- © Copyright The Pattaya News 2022-12-17

 

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[Jerno]

Ceases assets but found no cash.  Hmmm.....wonder where that went.

[klauskunkel]

5 hours ago, webfact said:

Zhiguo, who is believed to have fled Thailand already, used the illegitimate money to buy a house in Pattaya

How convenient: Immigration is off the hook and they get a house to confiscate.

[mikebell]

Amazing how many criminals have the foresight to disappear before the police arrive; forewarned is forearmed?

[RichardColeman]

GUessing they have announced a 10% finders fee on all these chinese criminals and confiscations 

[ronster]

Mercedes and bmw dealers will be seeing a lot of new orders from police in the coming months with all these assets getting taken !

[Elkski]

It's 5% reward 

[ezzra]

Looks likes this mafia has a lot of money but has serious issues in lauding it, which the hardest thing to do once you have all this illegal loot, if you have watched the TV series 'Ozarks' it all about laundering money for the Mexican cartel...

[hotchilli]

7 hours ago, webfact said:

Pattaya police’s probe to dismantle the illegal network linked to several Chinese businessmen has found another Chinese suspect whose assets of over 70 million baht are set to be confiscated.

 

On top of the 40+ billion baht confiscated already... it's gonna be a nice Christmas this year for some.

[mikeymike100]

2 hours ago, mikebell said:

Amazing how many criminals have the foresight to disappear before the police arrive; forewarned is forearmed?

It is amazing, its almost like 'someone' tipped them off?????

[Harsh Jones]

Some ppl seem to think it is easy to make money when you decide to go criminal. This is just not true. All of that work and investment that this guy put in , is gone. And he's on the run. Sure. He probably ran off with some revenue. But that doesn't mean he didnt have input costs up until the last day. 

[jacko45k]

7 hours ago, Harsh Jones said:

Some ppl seem to think it is easy to make money when you decide to go criminal. This is just not true. All of that work and investment that this guy put in , is gone. And he's on the run. Sure. He probably ran off with some revenue. But that doesn't mean he didnt have input costs up until the last day. 

Jeez, now I feel all sorry for the guy...... over it now!

[findlay13]

On 12/18/2022 at 3:29 PM, jacko45k said:

Jeez, now I feel all sorry for the guy...... over it now!

Yes I was starting to get misty too.