Thai police seek fugitive Chinese businessman over crypto mining

11 Sept 06:31 Key points summarised by AI

Thai police have issued an arrest warrant for Chinese businessman Wang Yicheng, a fugitive accused of leading a network that laundered money from online scams and gambling through illegal cryptocurrency mining operations.
Wang faces charges of theft and computer crimes, with authorities believing he has fled the country while collaborating internationally to locate him.
His alleged activities are linked to "pig-butchering" crypto scams, where victims are deceived into fraudulent investments, and U.S. law enforcement also identified him in a digital-asset fraud case.
This pursuit is part of a wider crackdown across Southeast Asia on Chinese-run scam syndicates that utilize illegal crypto mining to generate income and launder billions.

Nationwide crackdown launched on illegal nominee shareholders and land holdings

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.