Thailand initiates asset seizure in US$350 million scam tied to hospital tycoon - PRESS AI WORLD
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Thailand initiates asset seizure in US$350 million scam tied to hospital tycoon

share-iconSunday, January 05 comment-icon2 weeks ago 7 views
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Thailand initiates asset seizure in US$350 million scam tied to hospital tycoon

Credited from: SCMP

  • Thai authorities have started the process of seizing assets belonging to tycoon Boon Vanasin, linked to a US$350 million fraud.
  • Boon, founder of Thonburi Healthcare Group PCL, is wanted for fraud and money laundering after allegedly scamming investors.
  • The alleged scam involved misleading investors into believing they were funding nonexistent medical projects across Thailand, Laos, and Vietnam.
  • Authorities have detained thirteen individuals related to the case while Boon remains on the run, with leads suggesting he is in China.
  • Investigation efforts include coordinating with Interpol, and authorities are attempting to recover various assets like cars and land.

For more details, read the full article here.

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