webfact Posted November 9, 2014 Share Posted November 9, 2014 Bt100-million drug assets auctionedThe Nation BANGKOK: -- About 500 drug-case assets worth Bt100 million in total were sold at an auction yesterday in keeping with a pledge to auction off seized property linked to scandalous drug cases, the Office of the Narcotics Control Board boss said.The secretary-general of the board, Permpong Chaowalit, said the number of drug-case assets auctioned had risen sharply as a result of Justice Minister Paiboon Kumchaya's policy to come down hard on drug networks and try and prevent people from becoming users.He said that after the new Act relating to drug suppression measures was enacted, 31,196 drug cases with assets of Bt17.3 billion were seized.Permpong said the Bt1.7 billion seized from 3,705 cases would be allocated to the drug suppression fund following court rulings, while non-cash assets would be sold to help fund the recovery of injured police officers or provide relief to the families of dead officers.Items auction yesterday included motorcycles, gold ornaments and jewellery.Some of these assets were related to infamous drug scandals including the Orn Buathong case. Orn was the biggest drug producer in Loburi's Khok Samrong district.Also auctioned were assets formally owned by Kosin Chuchai such as a Mercedes-Benz E-Class and a Rolex watch.Permpong said the wealth accumulated by drug dealers motivated them to take risks to make more money."Later on, that cash will be used to expand drug networks to become more complicated, which is hard for the police to cope with in drug suppression cases " he said.The secretary-general added that seizing drug assets was the key tool in demolishing drug networks because it cut the financial line for them.Source: http://www.nationmultimedia.com/national/Bt100-million-drug-assets-auctioned-30247372.html-- The Nation 2014-11-10 Link to comment Share on other sites More sharing options...
Popular Post cloudhopper Posted November 9, 2014 Popular Post Share Posted November 9, 2014 Wonder who the successful bidders were... 6 Link to comment Share on other sites More sharing options...
Popular Post thesetat2013 Posted November 10, 2014 Popular Post Share Posted November 10, 2014 (edited) Wonder who the successful bidders were...Probably associates of the kingpins to recover what they lost and minimize those losses..Since i have rarely heard about the leaders being arrested or convicted it makes sense they have a personal vested interest in recovering their lost property Edited November 10, 2014 by thesetat2013 4 Link to comment Share on other sites More sharing options...
Popular Post NongKhaiKid Posted November 10, 2014 Popular Post Share Posted November 10, 2014 (edited) Whatever happened to all those luxury vehicles in a Customs security warehouse that mysteriously disappeared ? Oh yes, Customs are investigating. End Of Story. Edited November 10, 2014 by NongKhaiKid 11 Link to comment Share on other sites More sharing options...
Popular Post englishoak Posted November 10, 2014 Popular Post Share Posted November 10, 2014 Try and get in on one of these auctions and you'll find they are hardly ever open to the gen public and mostly invitation only. 3 Link to comment Share on other sites More sharing options...
ezzra Posted November 10, 2014 Share Posted November 10, 2014 Wouldn't be an irony if those assets bought by people using tainted money? like drugs, corruption or laundered monies ?/ ... that would be a hoot.... Link to comment Share on other sites More sharing options...
JOC Posted November 10, 2014 Share Posted November 10, 2014 <Permpong said the Bt1.7 billion seized from 3,705 cases would be allocated to the drug suppression fund following court rulings, while non-cash assets would be sold to help fund the recovery of injured police officers or provide relief to the families of dead officers.>Quote So the money is merely transferred from one gang of criminals to another!! 2 Link to comment Share on other sites More sharing options...
jacko45k Posted November 10, 2014 Share Posted November 10, 2014 Wonder who the successful bidders were... I got a Merc...... I found a plastic bag of talc in the glove box, probably left over from Songkran. 2 Link to comment Share on other sites More sharing options...
Popular Post noitom Posted November 10, 2014 Popular Post Share Posted November 10, 2014 To "try and prevent people from becoming users." But is he coming down hard on the dealers, bankers, launderers, and other Thai big men? 3 Link to comment Share on other sites More sharing options...
Popular Post Pattaya28 Posted November 10, 2014 Popular Post Share Posted November 10, 2014 Why are the proceeds of the auctioned off property going to the Police ? Wouldn't it be more beneficial for Thailand for the proceeds to go to hospitals and schools ? 6 Link to comment Share on other sites More sharing options...
BlueSkyCowboy Posted November 10, 2014 Share Posted November 10, 2014 <Permpong said the Bt1.7 billion seized from 3,705 cases would be allocated to the drug suppression fund following court rulings, while non-cash assets would be sold to help fund the recovery of injured police officers or provide relief to the families of dead officers.>Quote So the money is merely transferred from one gang of criminals to another!! Sure, that's the way it has always been. It works fine, why change the game and upset the apple cart Link to comment Share on other sites More sharing options...
boomerangutang Posted November 10, 2014 Share Posted November 10, 2014 (edited) Why are the proceeds of the auctioned off property going to the Police ? Wouldn't it be more beneficial for Thailand for the proceeds to go to hospitals and schools ? Good question. the quick answer: Police are first in line. Whenever there's a theft reported in Thailand, or recovered goods involving cash or valuables, police expect kick-backs. This auction is yet another manifestation of that mind-set. I've experienced it first-hand. I had a sum of money stolen out of my house. At first I didn't want to report it, because I had no trust in police finding thieves. But a Thai friend convinced me to report, so I did. To their credit, the local police caught the culprits and the cash (along with a personal item which could only have come from my house). However, the money wasn't returned to me straight away. It took about 3 hours of intense discussion before I got about 12% of the stolen cash back. You get one guess where the 88% balance went. Edited November 10, 2014 by boomerangutang 2 Link to comment Share on other sites More sharing options...
empireboy Posted November 10, 2014 Share Posted November 10, 2014 Wonder who the successful bidders were... Policemen and their cronies maybe? I imagine the Auctioneer could have been tipped off in advance as to who gets what with respect to the big ticket items...?? Link to comment Share on other sites More sharing options...
Pattaya28 Posted November 10, 2014 Share Posted November 10, 2014 <script type='text/javascript'>window.mod_pagespeed_start = Number(new Date());</script> Why are the proceeds of the auctioned off property going to the Police ? Wouldn't it be more beneficial for Thailand for the proceeds to go to hospitals and schools ?Good question. the quick answer: Police are first in line.Whenever there's a theft reported in Thailand, or recovered goods involving cash or valuables, police expect kick-backs. This auction is yet another manifestation of that mind-set.I've experienced it first-hand. I had a sum of money stolen out of my house. At first I didn't want to report it, because I had no trust in police finding thieves. But a Thai friend convinced me to report, so I did. To their credit, the local police caught the culprits and the cash (along with a personal item which could only have come from my house). However, the money wasn't returned to me straight away. It took about 3 hours of intense discussion before I got about 12% of the stolen cash back. You get one guess where the 88% balance went. May I ask why only 12% ? Was that 12% yours ? and who's was that 88% ? Link to comment Share on other sites More sharing options...
Sviss Geez Posted November 10, 2014 Share Posted November 10, 2014 Good question. the quick answer: Police are first in line.Whenever there's a theft reported in Thailand, or recovered goods involving cash or valuables, police expect kick-backs. This auction is yet another manifestation of that mind-set. I've experienced it first-hand. I had a sum of money stolen out of my house. At first I didn't want to report it, because I had no trust in police finding thieves. But a Thai friend convinced me to report, so I did. To their credit, the local police caught the culprits and the cash (along with a personal item which could only have come from my house). However, the money wasn't returned to me straight away. It took about 3 hours of intense discussion before I got about 12% of the stolen cash back. You get one guess where the 88% balance went. Guessing is no good, why don't you tell us specifically were the balance went? The thieves, their families, where? Link to comment Share on other sites More sharing options...
Oryx816 Posted November 10, 2014 Share Posted November 10, 2014 Did they auction off any high ranking "assets"....I could use a boy Friday. Link to comment Share on other sites More sharing options...
kurnell Posted November 10, 2014 Share Posted November 10, 2014 Auctions in Thailand are pathetic. I went to a Siemens appliances auction and was told that everything had already been bought apart from a couple of crappy vacuum cleaners. Link to comment Share on other sites More sharing options...
Micbozy Posted November 10, 2014 Share Posted November 10, 2014 The only reason why the drug producer was busted is that his co-op with the police was blown off. Link to comment Share on other sites More sharing options...
DLock Posted November 10, 2014 Share Posted November 10, 2014 Why are the proceeds of the auctioned off property going to the Police ? Wouldn't it be more beneficial for Thailand for the proceeds to go to hospitals and schools ? Good question. the quick answer: Police are first in line.Whenever there's a theft reported in Thailand, or recovered goods involving cash or valuables, police expect kick-backs. This auction is yet another manifestation of that mind-set. I've experienced it first-hand. I had a sum of money stolen out of my house. At first I didn't want to report it, because I had no trust in police finding thieves. But a Thai friend convinced me to report, so I did. To their credit, the local police caught the culprits and the cash (along with a personal item which could only have come from my house). However, the money wasn't returned to me straight away. It took about 3 hours of intense discussion before I got about 12% of the stolen cash back. You get one guess where the 88% balance went. 88% went to the Police? Highly unlikely. Never happened. Link to comment Share on other sites More sharing options...
davidmann Posted November 10, 2014 Share Posted November 10, 2014 Wonder who the successful bidders were... police Link to comment Share on other sites More sharing options...
TheFishman1 Posted November 10, 2014 Share Posted November 10, 2014 How can you be notified to go to these auctions Link to comment Share on other sites More sharing options...
Si Thea01 Posted November 10, 2014 Share Posted November 10, 2014 Wonder who the successful bidders were... Maybe cronies of those from whom they were seized? At a much reduced cost and later sold for a profit. Link to comment Share on other sites More sharing options...
Si Thea01 Posted November 10, 2014 Share Posted November 10, 2014 How can you be notified to go to these auctions Join the force 1 Link to comment Share on other sites More sharing options...
lust Posted November 10, 2014 Share Posted November 10, 2014 I wonder how many cars have money or drugs in the seats or hidden around the car. Link to comment Share on other sites More sharing options...
mojorison Posted November 10, 2014 Share Posted November 10, 2014 just doin' the laundry... Link to comment Share on other sites More sharing options...
Wombat6 Posted November 10, 2014 Share Posted November 10, 2014 I wonder how many cars have money or drugs in the seats or hidden around the car. Why ?? Link to comment Share on other sites More sharing options...
Tycoon Posted November 10, 2014 Share Posted November 10, 2014 TOT Its a start, will need another 20 years to fully implement and sink in. Link to comment Share on other sites More sharing options...
Lupatria Posted November 10, 2014 Share Posted November 10, 2014 Who got Chalerm's Rolls the 'present' from Singapore? Link to comment Share on other sites More sharing options...
pb1936 Posted November 10, 2014 Share Posted November 10, 2014 No mention of punishment for the criminals . ...... just loss of some assets ! Link to comment Share on other sites More sharing options...
JacChang Posted November 10, 2014 Share Posted November 10, 2014 Nice, the cars come with the thai government badge on the intake. I guess that's how the drug lords were escaping police checks all these years. Link to comment Share on other sites More sharing options...
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