China · Bangkok Post
Thailand seizes more assets of Chinese tycoon Chen Zhi
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Thailand is moving to confiscate another 115 million baht in assets linked to the Chinese-Cambodian tycoon Chen Zhi, who is now awaiting trial in China for financial crimes.
Key facts
- Thailand is moving to confiscate another 115 million baht in assets linked to the Chinese-Cambodian tycoon Chen Zhi, who is now awaiting trial in China for financial crimes.
- The Anti-Money Laundering Office (Amlo) said on Thursday that its transaction committee had resolved to seize 431 additional assets including cash, gold ornaments, land plots with buildings, and digital assets.
- Many governments have confiscated assets from Mr Chen, including HK$9 billion in assets and properties seized in Hong Kong a few months ago.
- Earlier Amlo had seized 345 million baht worth of other assets linked to Mr Chen and the forfeiture is being considered by the Civil Court
Summary
The Anti-Money Laundering Office (Amlo) said on Thursday that its transaction committee had resolved to seize 431 additional assets including cash, gold ornaments, land plots with buildings, and digital assets.
Earlier Amlo had seized 345 million baht worth of other assets linked to Mr Chen and the forfeiture is being considered by the Civil Court. The total assets seized from the Chinese-born tycoon in Thailand now amount to 460 million baht.