Thailand Moves to Seize $420 Million Assets Linked to Scammers
The assets, including luxury condominiums, yachts and cars, were frozen by the Anti-Money Laundering Office.
Photographer: Andre Malerba/BloombergThailand plans to seize $420 million in assets linked to alleged cyber scam operators as authorities intensify a crackdown on a global online fraud network.
The assets, including luxury condominiums, yachts and cars, were frozen by the Anti-Money Laundering Office in December after preliminary investigations found wrongdoing. The agency has now asked the public prosecutor to seek court approval to have them declared state assets, it said in a statement late Wednesday.