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Police Crack Down on 15 Chinese-Backed Firms Using Thai Nominees
Picture courtesy of CIB Authorities have launched a major operation against 15 businesses allegedly acting as front companies for Chinese investors, arresting 71 people in connection with the scheme. The crackdown, led by the Central Investigation Bureau (CIB) and the Economic Crime Suppression Division (ECD), uncovered widespread illegal foreign business operations using Thai nominees. Police carried out raids at two locations: an accounting firm in Samut Prakan province and a luxury housing estate near Suvarnabhumi Airport. The investigation resulted in legal action against: • 15 corporate entities • 21 Chinese nationals • 51 Thai nationals All face charges under the Foreign Business Act B.E. 2542 (1999) for facilitating foreign control of businesses reserved for Thai citizens. The operation, codenamed “CIB Game On”, was initially launched to dismantle Chinese criminal networks in Thailand. It followed the arrest of a Chinese national, Mr. Li, who was wanted under a Red Notice for embezzling approximately 14 billion baht from Chinese victims. Mr. Li had fled to Thailand and set up Anjia International Co., Ltd., a fraudulent firm that lured Chinese clients by falsely promising Thai visas and national ID cards. Further investigations revealed that Mr. Li’s company used Thai nominees to register businesses on behalf of Chinese nationals. The firm had no real operational premises and was part of a broader scheme involving an accounting company in Samut Prakan, which handled financial reports and corporate registrations. The mastermind behind the accounting firm was identified as Ms. Yan Zhao (also known as Venus), a Chinese national, who managed the business remotely from China. She reportedly helped Chinese clients establish companies in Thailand by using Thai employees and close associates as nominee shareholders, thus bypassing Thai foreign business laws. Armed with search warrants, police raided both locations, gathering evidence of illegal business practices, property ownership violations, and nominee arrangements. Authorities are now preparing legal action against all involved parties, ensuring that the businesses and individuals will face prosecution. The operation was directed by Pol. Lt. Gen. Jiraphop Phuridech, Commissioner of the CIB, alongside Pol. Maj. Gen. Thasnapoom Charupraph, Head of the ECD, and Pol. Col. Krit Woratat, Superintendent of the ECD’s 4th Division. The arrests were carried out by a police team led by Pol. Lt. Col. Satit Hawongchai, Pol. Lt. Col. Worawut Khongraksa, Pol. Lt. Col. Nattadon Bamrungsin, and Pol. Lt. Col. Chanakan Nirum. Authorities continue to investigate further financial irregularities and potential links to organised crime. -- 2025-03-28 -
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Is this the end of Five Eyes?
the establishment will do what they do and we'll all suck it up, whinging forever and a day That should be printed by the billions and a copy sent to every household on the planet. -
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Hat Yai Motorcycle Taxi Overcharges Malaysian Tourist, Police File 4 Charges
This type of BS happens on a daily basis in Thailand especially to tourists. Good to hear that at least this one got busted...... -
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NATO should invite Japan, Australia, (South Korea), Singapore, Israel to join the club
I agree, no Israel. That's Bolton's idea. The idea of bringing in countries far from the Atlantic is to strengthen the alliance and countries that counter empire building authoritarian regimes, i.e, China and Russia, and possibly the USA if it really goes down the same path, though Bolton suggests Trump may consider staying in NATO if it expands. -
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Is this the greatest place for GangBangers....by far? Sweet!!!!
And, your alternative is? Note: Let us not call them concentration camps...please..... -
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Is this the end of Five Eyes?
https://www.theguardian.com/world/2013/dec/02/history-of-5-eyes-explainer They've always been watching. If I don't post after this I did NOT epstien myself.- 1
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