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Thai officials seize property worth 3 billion baht linked to Chinese businessman “Tuhao”

13 Sept 09:09 Key points summarised by AI

Thai anti-narcotics officials seized 3 billion baht in property from Chinese businessman Chaiyanat Kornchayanant, known as “Tuhao”, in Samut Prakan, adding to a previous 1 billion baht seizure.
The seized assets, including land, the Divalux Resort and Spa hotel, and luxury cars, are suspected of being acquired through illegal activities, specifically narcotics trafficking and money laundering.
Chaiyanat is charged with conspiring to traffic narcotics, directly linked to money laundering, and retains the right to present evidence proving legitimate acquisition of the property.

Today 15:20 Key points summarised by AI

Thailand's Prime Minister Anutin Charnvirakul initiated a nationwide crackdown on illegal Thai nominee shareholders in foreign-run businesses and land holdings to safeguard national interests.
The government will integrate efforts across all relevant agencies to target illicit foreign operations, forced sales of illegally acquired property, and high-risk land ownership schemes.
Key strategies include auditing suspect land and building holdings, establishing a long-term monitoring system, and cross-referencing data from various authorities to trace ultimate beneficial owners.
Prime Minister Anutin emphasized that no influential figures or corrupt officials are above the law, promising straightforward prosecution, asset seizures, and protection for enforcing officers.
Beyond land ownership, the integrated crackdown will also extend to tackle transnational crimes, including drug and human trafficking.