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[Thai Police Seize Over 2.2 Billion Yuan in Assets from Transnational Fraud Syndicate and Arrest 29 People] Thai police seized assets worth over 10 billion baht (approximately 2.2 billion yuan) from four transnational fraud syndicates during a raid, including luxury cars, yachts, bank accounts, and land. The operation was launched following a joint investigation by Thailand's Anti-Money Laundering Office and related agencies. Arrest warrants were issued for 42 suspects, with 29 individuals already apprehended, accused of organized crime, fraud, and money laundering. Additionally, police confiscated around 100 items belonging to "Prince Group" founder Chen Zhi. In October of this year, the U.S. Department of Justice sanctioned Chen Zhi and his 146 associates, along with over 100 companies, on charges of telecom fraud and conspiracy to launder money, designating the "Prince Group" as a transnational criminal organization. They also seized approximately $15 billion worth of Bitcoin.

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