By Thai Newsroom Reporters NEWLY-ELECTED MP Chonnapat Naksua was today (March 12) briefly detained by the Department of Special Investigation on charges of involvement in online gambling and money-laundering activities and eventually released under bail. The lawmaker elected in a Songkhla constituency under the Klatham banners was brought to the Criminal Court by the
Tag: money
Another People’s candidate nabbed on money-laundering charges
By Thai Newsroom Reporters ANOTHER PEOPLE’S candidate contesting the Feb.8 election in Tak has been arrested for alleged involvement in money-laundering activity. Ratchapong Soisuwan, the ex-People’s MP who is seeking re-election in Constituency 2 of the northwestern border province, was yesterday (Jan.14) arrested in Bangkok by the Cyber Crime Investigation Bureau police on charges
Read moreSEC urged to issue warning against buying scammer-linked shares
By Thai Newsroom and TV Channel 7 FORMER finance minister and deputy Democrat leader Korn Chatikavanij urged the Securities and Exchange Commission (SEC) to issue an immediate warning against buying shares of listed companies linked to money-laundering scam gangs amid the current rush to sell them before a general election on Feb. 8. In
Read moreThais affected by risk of country becoming ‘global money laundering hub’
By Thai Rath Money WITH Thailand now facing a risk of becoming a global money laundering hub due to multiple loopholes that facilitate the flow of grey money this inevitably impacts the economy and national confidence with ordinary Thais directly and indirectly vulnerable to this gray money cycle. The following are the key ways
Read moreIndia probes money laundering, passport forgery linked to 900 Bangkok trips
By Thesourcewire.com and PTI – published by Etvbharat.com INDIA’S Enforcement Directorate (ED) has launched an extensive probe into a fake passport and money laundering racket involving a Kolkata-based businessman who allegedly made over 900 trips to Bangkok using multiple forged travel documents. The businessman from Khardah area, identified as Vinod Gupta, allegedly travelled to
Read moreSeven listed firms suspected of involvement in Khmer-based, money-laundering scams
By Thai Newsroom Reporters SEVEN FIRMS LISTED IN the Stock Exchange of Thailand have been suspected of involvement in the alleged laundering of enormous amounts of ill-gotten money from Cambodia-based scammer networks. House Committee on Money-Laundering & Drugs Suppression Chair Danuporn Punnakun confirmed today (Oct.30) that seven listed firms have been reportedly suspected of
Read moreFoundations being used to launder dirty money: Wiroj
PEOPLE’S Party deputy leader and MP Wiroj Lakkhanaadisorn said in a Facebook post today (Oct. 23) that some foundations are being used as a front to launder dirty money raked in through shady activities, Amarin TV said. These suspect foundations use the cloak of accepting donations for charitable causes to shield the grey cash
Read moreTwo victims of frozen accounts lodge complaints
SOCIAL activists brought two victims of bank accounts being frozen for months on suspicion of being linked to money-muling to file complaints at the police headquarters today (Sep. 15), Amarin TV said. Dr. Thanakun Jit-Issara, president of the Santi Prachadham Club, and Ms. Chalida Palamat, or Ton Or, president of Be One Foundation, said
Read moreAlmost 90% of Thais’ deposit accounts is less than 50,000 baht
THE latest statistics released by the Bank of Thailand shows that more than 124.8 million bank deposit accounts in Thailand, totaling 89%, hold less than 50,000 baht (see chart below), Thai Rath newspaper said today (May 17). This figure is not just data but a strong warning sign of how fragile the Thai grassroots
Read moreiCon Group programmer ‘transferred billions of baht before arrest’
AFTER court ordered the detention of 18 The iCon Group executives yesterday (Oct. 17) with 17 of them taken straight to prison while the big boss, Mr. Woratphon Waratvorakul, or Boss Paul, was still being questioned by police, it was alleged that more than US247 million, or over 8 billion baht, was transferred out
Read moreTrump says he will appeal ‘scam’ conviction
By Reuters and published by CNA New York – Donald Trump said on Friday (May 31) he would appeal the guilty verdict that made him the first US president convicted of a crime, though he will have to wait until after his sentencing on July 11 before taking that step. In rambling remarks at
Read moreEx-police chief’s spouse ‘seeks British nationality to escape money-laundering charges’
By Thai Newsroom Reporters NIPAPAN SUKWIMON, spouse of former police chief Pol. Gen. Torsak Sukwimon, has quietly applied for British nationality in an alleged effort to escape money-laundering charges, said a famed lawyer today (Apr. 30). Also known as “Madame Kookkai”, the spouse of the former police chief who has been suspended from duty
Read morePM urged to take action against Police Chief over alleged money-extortion, laundering scams
By Thai Newsroom Reporters PRIME MINISTER SRETTHA Thavisin was yesterday (Mar. 27) encouraged to promptly take legal action against suspended Police Chief Pol. Gen. Torsak Sukvimol suspected of involvement in money-extortion, laundering scams. Prominent lawyer Sittra Biabungkerd insisted the prime minister issue a directive for the authorities to take legal action against the police
Read moreSenator hit with drug-trafficking, money-laundering charges
By Thai Newsroom Reporters SENATOR UPAKIT PACHARIYANGKUN was today (Dec.14) pressed with drug-trafficking and money-laundering charges, plus alleged connection with transnational criminals. The Office of the Attorney-General lodged the charges against the senator for drug-trading, money-laundering and conspiring with transnational criminals at the Criminal Court. Upakit has been accused of conspiring to commit crimes
Read more409 million baht in wealth owned by suspected money-laundering senator seized
By Thai Newsroom Reporters A COMBINED 409 MILLION BAHT worth of wealth owned by Senator Upakit Pachareeyangkun was today (Nov.30) impounded by the Office of the Narcotics Control Board amidst drug trafficking and money laundering charges earlier filed against him. Acting ONCB secretary-general Panurat Lakbun led a team of officials in a raid on
Read moreThaksin’s medical expenses at Police Hospital entirely covered by taxpayers’ money
By Thai Newsroom Reporters ALL EXPENSES ON MEDICAL treatments of “sickly” de facto Pheu Thai boss/convict at large Thaksin Shinawatra at Police Hospital are being entirely covered by the taxpayers’ money and not his, according to an informed source. Thaksin, who has been admitted for undisclosed “illnesses” at Police Hospital since Aug.22, marking the
Read moreB600m in cash allegedly laundered by senator to be confiscated abroad
By Thai Newsroom Reporters THE OFFICE OF NARCOTICS CONTROL Board is currently taking steps to confiscate more than 600 million baht in cash allegedly laundered by Senator Upakit Pachareeyangkun and deposited abroad. Acting ONCB secretary-general Pol.Lt.Gen.Panurat Lakbun confirmed today (Nov.23) the 600 million-plus baht in cash which is yet to be seized from certain
Read morePolice urged to confiscate Ruam Thai Sang Chart HQ building over money-laundering scam
By Thai Newsroom Reporters POLICE WERE ENCOURAGED today (Feb.20) to confiscate a building in the heartland of Bangkok allegedly owned by a notorious money-laundering suspect who has turned it into the Ruam Thai Sang Chart headquarters. During a press conference, Move Forward MP Rangsiman Rome called on police chief Pol.Gen.Damrongsak Kittiprapat to indiscriminately follow
Read moreAssistant bank manager nabbed for stealing client’s money
AN assistant manager of an unidentified bank was arrested today (Feb. 4) for stealing 2 million baht from a client’s account last November, INN News said this morning, An Economic Crime Suppression (ECS) police team arrested Mr. Pornchai (surname withheld), 52, from his house on Phutthamonthon Sai 3 Road, Thawi Watthana district, under
Read moreLucky licence plate auction winner being probed for money laundering
THE COMPANY that won a lucky vehicle licence plate number at an auction on Saturday with record-breaking 45.09 million baht bid now faces investigation for money laundering, TV Channel 7 said this afternoon (Dec. 12). Pol. Lt. Gen. Santi Chainiramai, chief of Technology Crime Suppression Division, said it was the well-known Facebook page “Sai
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