Connect with us

Crime

Justice minister targets drug money laundering

Published

 on 

PHOTO: The Nation Thailand

With the government struggling to find revenue streams for its economic stimulus plans to rebuild an economy battered by Covid-19, Thailand’s justice minister thinks he has an idea to help. He wants authorities to target businesses that launder drug money from the Golden Triangle and has set a target of 1.5 billion baht by August.

The minister says anti-drug forces, both civilian and military, have arrested 125 drug suspects and seized millions of speed pills and manufacturing equipment in northern Thailand. Officials are also expected to freeze around 50 million baht worth of assets related to the arrested traffickers. He says the Golden Triangle, bordering Chiang Rai and northern provinces, is a huge source of drugs and a haven for traffickers. Traffickers launder money there then send it back to drug syndicates in other countries.

The money laundering involves the purchase of precious metal bullion, gold ornaments and construction materials as well as online gambling, which facilitates daily money transfers.

“Officials will look for suspicious businesses that have grown disproportionately in the past few years. The Revenue Department will also support the investigation.”

The justice minister believes intensified action should result in the seizure of at least 1.5 billion baht by August, compared with 700 million baht seized from drug traffickers last year. Just last week, assets valued at 42 million baht were frozen by Chiang Rai police.

Drug syndicates smuggle drugs into Thailand across the border from Myanmar, Cambodia or Laos, then distribute them to Bangkok and other major cities. The Thai and Burmese governments have independently stepped up their anti-narcotics efforts in the Golden Triangle region, mostly with little real effect, other than a parade of weekly photo opportunities with large drug seizures –  in truth, a tiny proportion of the drugs that leak through their patrols.

Authorities say the number of drug seizures has risen 1000% in just the past 2 years, a stark indication of the growth in industrial-scale production in the Golden Triangle.

Thailand remains a major trafficking route for opiates and synthetic drugs manufactured in Myanmar’s Shan and Kachin states, the northeastern states that border China, Laos and Thailand.

SOURCE: Chiang Rai Times

 

Get more from The Thaiger

Join the conversation and have your say on Thailand news published on The Thaiger.

Thaiger Talk is our new Thaiger Community where you can join the discussion on everything happening in Thailand right now.

Please note that articles are not posted to the forum instantly and can take up to 20 min before being visible. Click for more information and the Thaiger Talk Guidelines.

Jack Burton is an American writer, broadcaster, linguist and journalist who has lived in Asia since 1987. A native of the state of Georgia, he attended the The University of Georgia's Henry Grady School of Journalism, which hands out journalism's prestigious Peabody Awards. His works have appeared in The China Post, The South China Morning Post, The International Herald Tribune and many magazines throughout Asia and the world. He is fluent in Mandarin and has appeared on television and radio for decades in Taiwan, Mainland China, Hong Kong and Macau.

Follow Thaiger by email:

Eastern Thailand3 hours ago

German man believed to have monkeypox briefly fled police

Thailand4 hours ago

New app to help migrant women in Thailand facing abuse

Cambodia5 hours ago

Nigerian man recovers from monkeypox, handed to Cambodian authorities

Sponsored2 days ago

The return of the most important coffee event in Thailand

World6 hours ago

Unusually heavy floods in Pakistan kill 549, thousands of homes damaged

Thailand6 hours ago

How to get the Thailand Elite Visa?

Transport7 hours ago

BTS is offering a free ride… with your mom

Join the conversation on the Thaiger Talk forums today!
Bangkok7 hours ago

Fire at Energy Ministry’s compound in Bangkok

Phuket8 hours ago

2 meth busts in Phuket this past week

Politics8 hours ago

NIDA Poll: PM Prayut should not extend term after August 24

Chon Buri10 hours ago

Mountain Pub fire: 15 victims dead, owner arrested, club uninsured

Chon Buri10 hours ago

Police transferred, safety measures enacted in wake of Mountain B fire

Bangkok11 hours ago

Bangkok taxi driver who snapped himself raping teen gets jailed

Video11 hours ago

Building a $100mil business in Thailand feat. Michael Kenner | Thaiger Podcast Ep. 1

Tourism12 hours ago

Major jump in Thailand Airbnb searches

Economy13 hours ago

Thailand’s hotels are short on workers

Thailand11 months ago

Morning Top Stories Thailand | Police to end protests, Human Trafficking | September 14

Thailand1 year ago

Thailand News Today | Thai Airways in rehab, All go for Songkran | March 4

Tourism1 year ago

Phuket’s nightlife. Yes, bars and clubs are still open | VIDEO

Phuket1 year ago

Thailand News Today | Covid passport talks, Thai Airways heads to court | March 2

Tourism1 year ago

Phuket Thai food treats you need to try | VIDEO

Thailand1 year ago

Thailand News Today | Bars, pubs and restaurants ‘sort of’ back to normal | Feb 23

Tourism1 year ago

In search of Cat & Dog Cafés in Phuket Town | VIDEO

Thailand2 years ago

Thailand News Today | Gambling crackdown, Seafood market to reopen, Vlogger challenge | Jan 21

Thailand2 years ago

Thailand News Today | Covid testing for visas, Business impact, Vaccine approval | January 19

Thailand2 years ago

Thailand News Today | Weekend Bangkok bombs, Thailand fires, Covid update | January 18

Thailand2 years ago

Thailand News Today | Stray car on runway, Indonesian quake, 300 baht tourist fee | January 15

Thailand2 years ago

Thailand News Today | Governor off respirator, sex-trafficking arrest, condo prices falling | January 14

Thailand2 years ago

Thailand News Today | Chinese vaccine, Thailand ‘drug hub’, Covid update | January 13

Thailand2 years ago

Thailand News Today | Bangkok may ease restrictions, Phuket bar curfew, Vaccine roll out | January 12

Thailand2 years ago

Thailand News Today | Covid latest, Cockfights closed down, Bryde’s Whale beached | January 11

Trending