AMLO to Seize More Assets From Ex Klongchan Head

[Jacob Maslow]

The AMLO (Anti-Money Launder Office) is set to seize an additional 31.75 million baht worth of assets from former Klongchan chairman Supachai Srisupa-aksorn. Supachai is being accused of stealing 12 billion baht from Klongchan Credit Union Cooperative members.

Seehanat Prayoonrat, AMLO secretary general, stated that the assets included cash, buildings, a resort business, valuables, land and savings. AMLO will also be talking with the committee who was responsible for rehabilitating the cooperative to discuss immediate solutions for its members.

AMLO is also seeking a long-term solution: an amendment to the anti-money laundering law. AMLO is looking to make changes so that courts can award damaged parties with the confiscated assets. This will help ensure that these damaged parties are given a quick resolution. As the law stands right now, all seized assets go straight to the government.

Billions of bahts in assets have already been seized from Supachai and alleged cohorts, but so far, the amount to be returned to the credit union members has not been assessed. This is because some of the seized assets are in the form of shares for companies that are alleged fronts for embezzlement.

Supachai has been denied bail and is being detained at the Bangkok Remand Prison.

-- 2015-04-12

[ezzra]

AMLO should say to this guy that what ever monies and properties you can not provide reasonable

explanations as to their origin, that will take all, AMLO should strip that man and his family of

everything until they come with proofs where they got any thing they own...