Dirty Money Builds Villas In Thailand

[LaoPo]

Dirty money builds villas in Thailand

Twenty-seven people go on trial today in western France accused of running a prostitution ring whose profits were laundered via a luxury property development in Thailand.

Published on September 3, 2007

French police arrested some 40 people in 2004 after discovering a double book-keeping system in 11 hostess bars in the western cities of Rennes and Nantes accused of operating as brothels.

Part of the bars' turnover was embezzled and used to finance an eight-villa development in Thailand.

Two of the suspected ringleaders are standing trial on charges of condoning prostitution and embezzling company funds, while a third is on the run from police.

The remaining defendants - bar managers and account holders - are accused of prostitution and embezzlement.

The trial is set to last two weeks.

From: The Nation

LaoPo

[ratchabuild]

Dirty money builds villas in Thailand

Twenty-seven people go on trial today in western France accused of running a prostitution ring whose profits were laundered via a luxury property development in Thailand.

Published on September 3, 2007

French police arrested some 40 people in 2004 after discovering a double book-keeping system in 11 hostess bars in the western cities of Rennes and Nantes accused of operating as brothels.

Part of the bars' turnover was embezzled and used to finance an eight-villa development in Thailand.

Two of the suspected ringleaders are standing trial on charges of condoning prostitution and embezzling company funds, while a third is on the run from police.

The remaining defendants - bar managers and account holders - are accused of prostitution and embezzlement.

The trial is set to last two weeks.

From: The Nation

LaoPo

Thanks for posting, as an ex resident of Nantes I have an interest.

[sbk]

Curious as to where in Thailand this development is located.

[LaoPo]

Curious as to where in Thailand this development is located.

The article doesn't mention that...

Other source:

DOZENS ON TRIAL OVER FRENCH-THAI PROSTITUTION RING

Received Sunday, 2 September 2007 09:31:00 GMT

NANTES, France, Sept 2, 2007 (AFP) - Twenty-seven people go on trial Monday in western France accused of running a prostitution ring whose profits were laundered via a luxury property development in Thailand.

French police arrested some 40 people in 2004 after discovering a double bookkeeping system in 11 hostess bars in the western cities of Rennes and Nantes, accused of operating as brothels.

Part of the bars' turnover was embezzled and used to finance an eight-villa property development in Thailand.

Two of the suspected ringleaders are standing trial on charges of condoning prostitution and embezzling company funds, while a third is on the run from police.

The remaining defendants -- bar managers and account holders -- are accused of prostitution and embezzlement.

The trial is set to last two weeks.

Two of the suspected ringleaders are standing trial on charges of condoning prostitution and embezzling company funds, while a third is on the run from police.

Source: The Tocqueville Connection

LaoPo