BANGKOK, Thailand – Thailand’s government today announced the seizure of over 10.1 billion baht in assets from major transnational scam and money laundering networks, concluding a successful nationwide crackdown.
Deputy Prime Minister Anutin Charnvirakul led the press conference, confirming that searches across 50 targets in 22 provinces yielded significant assets, including yachts, luxury cars, land, and frozen bank accounts, marking a substantial victory against the syndicates often referred to as ‘Grey China’ groups.
The massive asset forfeitures primarily targeted three large networks linked to Cambodian-based organized crime: Chen Zhi, Kok An, and Yim Leak.
The largest seizure, valued at 9.27 billion baht, was against the Yim Leak Network, which was connected to a complex “purity check” scam and extensive money laundering through Thai real estate.
The Chen Zhi Network was targeted for laundering cryptocurrency profits into Thai assets using a hybrid scam model, while the Kok An Network was identified for using call center profits and ‘mule accounts’ to buy local assets through proxies.
In a related action, Anutin ordered the Ministry of Interior to begin the process of revoking the Thai nationality of Mr. Leak Yim, who had obtained citizenship through marriage. (TNA)
