Klatham MP faces online gambling, money-laundering charges
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 […]
Read MoreAnother 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 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 […]
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