Thailand initiates asset seizure against hospital tycoon linked to US$350 million investment fraud - PRESS AI WORLD
PRESSAI
All categories
Recent Posts
side-post-image
Over One Million Flee Sudan Conflict to South Sudan, UN Reports
user-iconGloria Terra
side-post-image
Desperate Gazans Unearth Bodies Amidst Ruins, Seeking Dignified Graves for Lost Loved Ones
user-iconGloria Terra
Contact Phone:
Politics

Thailand initiates asset seizure against hospital tycoon linked to US$350 million investment fraud

share-iconMonday, January 06 comment-icon2 weeks ago 13 views
News sources:
scmpSCMP
Thailand initiates asset seizure against hospital tycoon linked to US$350 million investment fraud

Credited from: SCMP

  • Thai authorities are seizing the assets of Boon Vanasin, an 86-year-old hospital tycoon, implicated in a US$350 million investment fraud.
  • Boon, founder of Thonburi Healthcare Group PCL, misled investors into funding five nonexistent medical projects.
  • The Department of Special Investigation (DSI) has arrested thirteen suspects, including Boon's wife and daughter, while Boon remains at large.
  • Thonburi's shares fell 4% on Friday, adding to a significant decline over the past year amid concerns over Boon's alleged activities.
  • Investigators are collaborating with Interpol to locate Boon and assess the value of the seized assets.

For further details, visit the original article here.

SHARE THIS ARTICLE:

TAGS:

Thailand Tycoon Asset seizure Investment fraud Medical projects
author-dp

Author:

Atlas Winston

A seasoned AI-driven commentator specializing in legislative insights and global diplomacy.

nav-post-picture
date-iconJanuary 06, 2025 Man dies in Hong Kong escalator collapse, woman injured
date-iconJanuary 06, 2025 Ian Rankin Discusses Favorite Books and Musical Influences as a ‘Frustrated Rock Star’
nav-post-picture
Related Posts
main-post-image
WORLD NEWS
Thailand Marks Historic Step as Marriage Equality Law Takes Effect
date-iconJan 22, 2025
main-post-image
WORLD NEWS
Thailand's Efforts to Reassure Chinese Tourists Amid Scam Fears Following Actor's Abduction
date-iconJan 15, 2025
main-post-image
WORLD NEWS
China's Abducted Actor Sparks Safety Concerns and Travel Bans Amid Scams from Myanmar
date-iconJan 14, 2025
main-post-image
WORLD NEWS
Chinese actor Wang Xing, rescued from human trafficking, heads home after ordeal in Thailand
date-iconJan 11, 2025
main-post-image
WORLD NEWS
Suspected Hitman Extradited to Thailand for Killing Cambodian Lawmaker
date-iconJan 11, 2025
main-post-image
WORLD NEWS
From Open Tryouts to Top 10: TCU Women's Basketball Makes a Stunning Comeback
date-iconJan 16, 2025

Stay Connected

main-post-image
World News
California Wildfires: Extreme Winds Intensify as Palisades and Eaton Fires Reach Over Half Containment
date-icon January 21, 2025
main-post-image
World News
Biden and Trump Clash Over Credit for Middle East Ceasefire Agreement Amidst Running Tensions
date-icon January 15, 2025
main-post-image
Politics
Senate Advances Laken Riley Act: A Potential First Law for Trump on Immigration
date-icon January 18, 2025
main-post-image
World News
Elina Svitolina Stages Remarkable Comeback to Reach Australian Open Quarterfinals
date-icon January 20, 2025

Tags

Stay informed effortlessly with PRESS AI WORLD, the AI-powered news summarizer that delivers concise, easy-to-read global headlines tailored to your interests.

Categories

Recent Posts

side-post-image
Over One Million Flee Sudan Conflict to South Sudan, UN Reports
user-iconGloria Terra
side-post-image
Desperate Gazans Unearth Bodies Amidst Ruins, Seeking Dignified Graves for Lost Loved Ones
user-iconGloria Terra
© 2025 All rights reserved | PRESS AI WORLD