money laundering
- Thailand News
DSI slaps Stark CEO with a torrent of charges
In a dramatic twist to one of Thailand’s largest corporate frauds, the Department of Special Investigation (DSI) charged Chanin Yensudchai, former CEO of Stark Corporation, with a slew of serious offences including money laundering and document forgery. Acting DSI Director Yutthana Praedam confirmed the charges also encompass negligence, fraud, embezzlement, and violations of the Securities and Exchange Act of 1992. Despite…
- Thailand News
Investigation links foreign elites in Thailand to money laundering
The Central Investigation Bureau (CIB) is currently investigating foreign nationals residing in Thailand under elite visas, suspected of engaging in shady business transactions and money laundering. This investigation was initiated following the disclosure of 52 year old Chinese suspect, Chen, who utilised a Thailand Privilege Card visa to reside in the country and launder substantial sums of money for call…
- Thailand News
Thai man seized for laundering 5 million baht from online gambling
In a striking cyber raid, the Thai authorities arrested a 29 year old man in Nonthaburi for his involvement in an online gambling ring and for laundering over 5 million baht through multiple transactions. The arrest was part of a larger crackdown on illegal online gambling activities facilitated by the website wtf55, which offered games such as Baccarat and Dragon Tiger.…
- Crime News
Thai police dismantle major illegal online gambling rings
Thai police delivered a significant blow to the online gambling industry with the dismantling of two major illegal betting websites. The operation, dubbed ZERO BET, saw the seizure of nearly 10 million baht (US$270,000) in cash and luxury assets, including high-end vehicles like Lamborghinis and BMWs, totalling over 60 million baht (US$1.6 million) in value. The investigation revealed an annual…
- Thailand News
Thai police suspect Russian and Thai firms in money laundering
Police in Phuket yesterday and today carried out a series of eight raids prompted by suspicions of a Russian man’s involvement in money laundering and the establishment of fraudulent companies by certain Thais. These sham firms were purportedly set up to aid foreigners in obtaining visas and work permits, as revealed by Police Major General Montree Theskhan, the commander of…
- Thailand News
Big Joke denies money laundering charges
Deputy National Police Chief Police General Surachate “Big Joke” Hakparn made a high-profile visit to the Taopoon Police Station yesterday afternoon, where he officially acknowledged the money laundering charges levied against him. After enduring four hours of intense questioning, he was eventually granted bail. Speaking to reporters as he exited the police station at around 8pm, Big Joke vehemently denied…
- Thailand News
Big Joke faces money-laundering charge linked to online gambling
Deputy National Police Chief Surachate “Big Joke” Hakparn faces a money-laundering charge linked to alleged online gambling, leading to a police summons. Today, March 17, Thung Song Hong Police Station officers delivered the notice from Metropolitan Police Division 2 to Big Joke’s residence on Soi Vibhavadi 60 Road, located in Bangkok’s Laksi district. Big Joke must acknowledge the charge at…
- Thailand News
Big Joke associates deny money laundering charges
Two close associates of high-profile police figure Surachate “Big Joke” Hakparn, vehemently denied all charges in a money laundering case linked to the online gambling website BNKMaster. The two suspects, Sub-Lieutenant Natthawut Huadwaew and Sub-Lieutenant Natthanant Choochak were granted bail of 100,000 baht (US$ 2,800) each at 10am today, March 13, at the Tao Poon Police Station after the Criminal…
- Thailand News
Property tycoon in KCUC embezzlement case to be charged
Property magnate Anant Asavabhokhin is to be charged with money laundering linked to the notorious Khlongchan Credit Union Cooperative (KCUC) embezzlement case. This development comes from a source within the Office of the Attorney-General (OAG). The money laundering charge, recently approved by Attorney-General Amnat Jedcharoenruk, is predicted to be enacted by the OAG’s special litigation office on April 2. Anant, former…
- Thailand News
Taiwanese man arrested in Pattaya on overstay and money laundering charges
Pattaya police yesterday arrested a Taiwanese man on charges of money laundering. Additionally, they discovered that he had overstayed his visa validity by over 430 days, equivalent to approximately a year and five months. Officers from the Sub-division 2 Tourist Police Division 1 and Chon Buri Provincial Immigration Office were alerted by the Taipei Economic and Cultural Office in Thailand…
- Thailand News
Long-awaited arrest of Ufun pyramid scheme executive’s wife in Si Sa Ket
The long arm of the law finally reached Ratthakitbovorn, the wife of a Ufun online pyramid scheme executive, in Sisaket, nearly a decade after she disappeared. She was apprehended on Thursday, in front of a house in the Muang district of this northeastern province, by officers from the Consumer Protection Police Division (CPPD). The Ufun scheme swindled around 14,700 people…
- Thailand News
Thai senator faces lawsuit for alleged money laundering
Senator Upakit Pachariyangkun is facing charges after public prosecutors filed a lawsuit against him today, December 14. The Thai politician has been accused of money laundering and aiding a transnational criminal organisation. This legal action follows the Office of the Attorney-General (OAG) decision to indict Upakit on charges of money laundering, involvement in a transnational criminal organisation, and alleged support…
- Thailand News
Ranong: Daughter of prominent village headman denies money laundering charges
The daughter of a well-known village headman from Ranong turned herself in to the police yesterday, denying allegations of money laundering and involvement in a drug trafficking network. The woman is also suspected of smuggling vehicles and illegal rubber across the border. The initial investigation took place at the Ranong Provincial Police Operation Center, led by Deputy Provincial Police Commander,…
- Thailand News
Thai woman arrested for money laundering suspicion at airport in Germany
The Central Customs Authority in Germany reported the arrest of a Thai woman at Frankfurt Airport on suspicion of money laundering. The woman is still being questioned by German authorities. According to a report on the official German Customs Authority website, officers at the Frankfurt Airport security checkpoint detained the Thai woman, aged about 50, on suspicion of money laundering…
- Business News
MAS to review Credit Suisse amid Singapore money laundering scandal
The Monetary Authority of Singapore (MAS) announced its intention to conduct an on-site review of Credit Suisse Group AG. The decision comes in the wake of a far-reaching financial scandal, in which at least one customer of the bank has been charged with money laundering. The review aims to assess the bank’s handling and monitoring of wealthy clients. The local…
- Crime News
Thai Police bust call centre gang linked to triple-murder case
The Royal Thai Police (RTP) yesterday made significant progress in cracking down on an infamous call centre gang, implicated in a shocking triple-murder case that sent shockwaves through the community of Pak Nam. The call centre gang is accused of defrauding a Thai man, leading him to murder his family and himself. Twenty-two warrants have been issued, with ten arrests…
- Thailand News
Call centre scam crackdown: Thai cyber police nab nine, seize 300 million baht in evidence
A significant blow has been struck against the fraudulent operations of a call centre gang, masterminding scams worth over 300 million baht, as the cyber police arrested nine individuals and seize numerous items of incriminating evidence. Officers from the Crime Technology Investigation Department at Thong Thanee today were successful in their crackdown against this notorious gang in Mae Sai, Chiang…
- Thailand News
Thai state bodies unite to curb money laundering via digital assets
In an unprecedented act of collaboration, five Thai state bodies are colluding to tackle illicit fiscal operations and money laundering across national frontiers, reveals Traisuree Taisaranakul, the deputy government spokeswoman. The cooperative pact encompasses the Royal Thai Police (RTP), the Revenue Department, the Securities and Exchange Commission (SEC), the Anti-Money Laundering Office (Amlo), and the Bank of Thailand (BoT). Traisuree…
- Thailand News
Interpol sought over Stark Corp scandal as losses mount to 38 billion baht
Interpol is currently sought by the Department of Special Investigation (DSI) to issue a red notice for the pursuit of the former chairman of a company known as Stark Corp, on charges of financial misconduct. The DSI issued this plea after the chairman did not adhere to the call to report to the DSI for acknowledging charges related to Stark’s…
- Crime News
Lamphun FC President arrested over alleged gambling, money laundering links
Lamphun Warriors Football Club president has been apprehended in connection to a major gambling and money laundering network. The suspect, known as Boss Tal, was captured in Phayao province by authorities. Pol. Lt. Gen. Roy Inkapiroj, Deputy Police Chief and Director of the Center for Combating Cybercrime (PCT), yesterday announced the arrest of Phongsiri (Boss Tal). The suspect was charged…
- Politics News
Thai senator faces indictment on money laundering, criminal organisation charges
A Thai Senator Upakit Pachirirangkun faces indictment on charges of money laundering and involvement in a transnational criminal organisation, according to Kosolwat Inthuchanyong, the spokesman for the Office of the Attorney-General. The decision follows a police investigation into the senator’s alleged connections with illicit activities, Bangkok Post reported this morning. However, 61 year old Upakit denied the charges. In a press conference…
- Thailand News
Court dismisses gambling, money laundering charge against Long Joo Somchai
The Criminal Court has dismissed a third gambling and money laundering charge against Somchai Jutikitdecha, also known as “Long Joo” Somchai, due to insufficient evidence. The case also involved his company and five other defendants, including Somchai’s son. Somchai was arrested in February 2021 at his home in tambon Mueang Phra, Rayong’s Muang district, following police raids on 10 locations…
- Crime News
Prosecutors requested to charge Kong Salak Plus CEO by DSI
Thailand‘s Department of Special Investigation (DSI) has requested that prosecutors bring charges against Panthawat “Nott” Nakwisut, the beleaguered proprietor of the now-defunct Kong Salak Plus online lottery platform, and 16 others for money laundering and gambling offences. On Friday, DSI detectives submitted their findings to the public prosecutors at the Attorney-General’s Office in Bangkok, situated on Ratchadapisek Road. Pongsathon Inamnuay,…
- Crime News
MP Rangsiman asks police to seize PM Prayut’s party HQ
The Ruam Thai Sang Chart political party headquarters is at the centre of a controversy with the Move Forward Party urging police to take action and seize the Bangkok building. Opponent Rangsiman Rome, a Move Forward Party MP, alleges a senator who owns the building is a money-laundering suspect. MP Rangsiman called on the police chief to follow standard legal…
- World News
Thailand to extradite alleged Malaysian scammer to China
A Thai court ordered a wanted alleged Malaysian scammer to be extradited to China to face charges related to fraud on Wednesday. Both Malaysia and China requested the repatriation of Tedy Teow Wooi Huat, the founder of the Mobility Beyond Imagination Group (MBI), after he was allegedly linked to numerous scams, reports the Straits Times. Penang-born Teow attended a virtual…
- Crime News
Bangkok court grants bail to Tuhao’s wife for 2 million baht
Southern Bangkok Criminal Court granted bail to Pol. Col. Wanthanaree Kornchayanan – the wife of Chinese gangster Tuhao – for securities of 2 million baht this afternoon. Yannawa Police arrested and detained Wanthanaree and nine others yesterday on transnational drug and money laundering charges. The court does not usually grant bail to those accused on such serious charges in case…
- Expats
PayPal to lock out Thai users at end of month
Most PayPal users in Thailand will be locked out of the service next month unless they jump through a series of complex and quite silly hoops that are intelligible only to Thai citizens. After a year of nothing but statements, PayPal told customers this morning that they cannot use the service after December 15 unless they take “certain actions” that,…
- Politics News
Australia to sign human trafficking treaty with Thailand
Thailand is set to sign a deal with Australia to counter human trafficking. Prime Minister Prayut Chan-o-cha is to meet Australian Foreign Minister Penny Wong in Bangkok today, as Wong continues her friendship tour of the Pacific. The deal comes as Australia actively seeks deeper engagement with Southeast Asia. The pair are expected to sign off on Australia’s support…
- South Thailand News
Malaysian man arrested in Thailand for laundering gambling money
Luck may have run out for a rich Malaysian businessman who allegedly laundered money from online gambling as police picked him up in Sadao in the Deep South Thai province of Songkhla. Teow Wooi Huat also known as Tedy or Jho Low 2, is accused of laundering money connected to online gambling in Thailand and is also wanted in Macau…
- Phuket News
Two Ukrainian fugitives arrested in Phuket over US tax evasion scandal
Two Ukrainian nationals wanted for fraud and tax evasion in the US were arrested in Phuket on Tuesday. The men fled to Thailand after warrants for their arrest were issued in Florida earlier this month. The pair are accused of providing employment for hundreds of illegal immigrants in America from 2007 – 2021 and evading $10 million in employment taxes.…
