Chinese Investor Arrested in Bangkok Property Nominee Probe

Police from the Economic Crime Suppression Division (ECD) carried out coordinated raids at five locations in Bangkok on 13 June, dismantling an alleged Chinese nominee business network accused of circumventing Thai ownership laws to acquire high-value property. Officers arrested a Chinese national identified as Mr Hao, 35, and seized documents, cash, luxury assets and electronic devices linked to the investigation.

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The operation was ordered by Pol Lt Gen Nattasak Chaowanat and led by Pol Maj Gen Thatsaphum Jaruprat, commander of the ECD, together with officers from Division 4. Investigators alleged that the network used Thai nominees to hold shares and act as directors in companies established to purchase upmarket homes and condominiums worth hundreds of millions of baht.

At the first two locations, officers searched Naravee Holding Co Ltd and Holding Good (Thailand) Co Ltd at neighbouring properties in the Narasiri Krungthep Kreetha development in Bangkok. A Chinese national identified as Mr Siming, described as the manager of the properties, was found at the scene. Police seized a red-plate Toyota Alphard van, cash in Thai currency of more than 1.4 million baht, foreign currency in eight denominations and digital asset storage devices.

A third raid at Liang People Thai Trading Co Ltd in Saphan Sung district resulted in the seizure of land and building tax records, invoices, data storage devices and files containing land title deeds and property sale agreements.

At a fourth location, TA Law Firm Co Ltd in Supalai Grand Tower on Rama III Road, officers seized documents relating to company registrations. The fifth raid targeted a residence in The City Rama 9-Krungthep Kreetha development, where Mr Hao was arrested.

Police seized numerous corporate registration documents, property sale agreements, land title deeds, bank books, company seals, 32 key cards linked to Life Asoke-Rama 9 condominium units and four electronic devices. Investigators believe Mr Hao headed the network and used a Thai law firm to arrange nominee shareholders and directors to conceal foreign control of multiple companies.

During questioning, Mr Hao reportedly admitted funding the establishment of TA Law Firm Co Ltd and using two Thai women as nominee shareholders because he trusted them. He said he financed luxury home purchases for Chinese associates and received sales commissions of approximately 1.5 to 2.5 per cent. However, the suspects denied allegations relating to offences under Thailand’s foreign worker management legislation.

Thaitabloid reported that authorities have transferred the suspects and seized evidence to ECD investigators for further examination. Police said the investigation will continue to identify and prosecute additional Thai and foreign individuals allegedly involved in the network.

Pictures courtesy of Thaitabloid

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Adapted by ASEAN Now Thaitabloid 14 June 2026

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