Photo courtesy of Bangkok Post

The Cyber Crime Investigation Bureau has apprehended the owners of two companies accused of laundering over 100 million baht. The arrests are tied to an illegal online gambling network, "lalikabet168e." Authorities identified corporate bank accounts used to disguise financial transactions related to the operation.

Investigations revealed that the companies had no actual business activities but were set up to facilitate money laundering. The network's financial activities were traced through these accounts, leading to warrants issued by the Criminal Court. The police effort highlighted the use of fraudulent corporate entities to mask criminal activities in Thailand.

Following the investigation, police arrested Mr. Phitsanu, 43, owner of a construction firm, in Bangkok. Another suspect, Mr. Phitchayapa, 27, owner of a cosmetics company, surrendered to police. Both face charges, including promoting illegal gambling, and money laundering offenses related to electronic media use.

The investigation has been broadened, indicating the network's potential larger scale and involvement of additional actors. Authorities are considering further legal actions and collaborations to dismantle the network. The crackdown underscores law enforcement's commitment to tackling financial crimes and protecting the integrity of the financial system, reported Bangkok Post.

Key Takeaways

• Over 100 million baht laundered by using fake company accounts.

• Two individuals arrested, more involved, as investigation expands.

• Authorities committed to dismantling these networks further.

Related Stories

RTP Seizes THB10bn in 2025 Money-Laundering Crackdown

People’s Party Holds Strong Amid Money-Laundering Scandal

  

Adapted by ASEAN Now from Bangkok Post 2026-01-19

 

 

1 hour ago, snoop1130 said:

The arrests are tied to an illegal online gambling network, "lalikabet168e."

You must just love their brand names. It takes a lot to think out something that is so easily stuck in your mind. 😂