billion baht asset

8.2 Billion Baht Asset Haul Linked to Cambodian Scam Ring

ByJustpaste.in

BANGKOK — The Transactions Committee of the Anti-Money Laundering Office has resolved to impound additional suspected ill-gotten assets worth approximately 8.2 billion baht linked to a Cambodian-based transnational scam network, Prime Minister Anutin Charnvirakul announced yesterday.

Inside the ‘Scam City’ with Torture Cells Uncovered on the Thai-Cambodian Border

The seized assets include six cars, bank deposits, cash and shares belonging to alleged Cambodian scam boss Yim Leak, his Thai wife Wirinya, South African fixer Benjamin Mauerberger, also known as Ben Smith, and his Thai wife. The decision was made during a committee meeting chaired by the prime minister, who told a press conference that the impounded assets are substantial and are considered proceeds of crime derived from activities that breach Thai law, negatively affecting the Thai economy and countless victims.

Anutin said the seizure is clear evidence of the government’s resolve to combat cybercrime, adding that the scam network was also involved in illegal narcotics trafficking. The announcement marks a significant escalation in Thailand’s crackdown on transnational criminal enterprises operating from neighboring countries.

An informed source from the Anti-Money Laundering Office said the assets will initially be impounded for 90 days, pending further investigation into the full extent of the transnational scam network allegedly operated by Yim Leak. The temporary seizure allows authorities time to build a more comprehensive case while preventing the suspects from moving or concealing their alleged ill-gotten wealth.

Rescued Thai Scam Victim in Cambodia Warns of Beatings, Organ Sales

This latest action follows a previous order by the Thai Civil Court in March, which ordered the confiscation of assets worth about 12 billion baht linked to the same group. Combined, the two seizures total more than 20 billion baht in suspected criminal proceeds, representing one of the largest asset hauls in Thailand’s ongoing fight against cybercrime and transnational fraud networks. Authorities have indicated that further investigations are continuing and additional seizures may follow as more evidence comes to light.

-Thailand News (TN)

Similar Posts

  • Israelis in Thailand Warned by Embassy to Comply Strictly With Thai Laws Amid Phuket Crackdown

    ByJustpaste.in

    BANGKOK — The Israeli Embassy in Bangkok has issued a stark warning to all Israelis in Thailand to strictly follow Thai laws, after authorities in Phuket launched a crackdown on law-breaking foreign tourists and expats. Foreign Tourists Accused of Using Children to Shoplift in Phuket Convenience Store The warning comes as foreign tourists in popular […]

  • | |

    Katy Perry slams Trump administration over ‘Fire…

    ByJustpaste.in

    WASHINGTON: Pop star Katy Perry has sharply criticized the Trump administration after the White House used her hit song “Firework” in a social media video showing US military strikes on Iran, saying the use of her music was completely contrary to the message behind the song. The White House’s official TikTok account shared a video on Thursday featuring footage related to US attacks on Iran. The clip used the familiar “boom, boom, boom” lyrics from Perry’s 2010 hit alongside images of military strikes. The post carried a blunt warning directed at Iran, adding a strikingly confrontational tone to a song that Perry has long described as being about hope, confidence and personal strength. Perry responded on social media on Saturday, making clear that she had not authorized the use of the song and did not support the way it had been presented. “I’m deeply shocked and angry,” Perry said in her statement, objecting to the song’s appearance alongside images of destruction and military action. She emphasized that no permission had been sought from her for the video and that she did not endorse its message. For Perry, the controversy goes beyond the question of whether her music was used without authorization. She argued that the video fundamentally changed the meaning of a song intended to encourage people facing difficult moments. “Firework,” released in 2010, became one of Perry’s biggest international hits. Its message centers on self-belief, resilience and finding inner strength during challenging periods. The song has also become closely associated with celebrations and inspirational moments. That made its use in a military video particularly jarring for the singer. Perry said her music was created to bring people together rather than celebrate war, arguing that pairing an uplifting song with images of destruction undermined its original purpose. The dispute comes as tensions between Washington and Tehran remain extremely high, with military action and threats dominating international headlines. The White House has not been reported as having received Perry’s approval for the video, while her comments have reignited a wider debate over the use of popular music in political and military messaging. The incident also highlights the complicated relationship between artists and governments when copyrighted music is used in political communications. Musicians have repeatedly objected when their songs appear in campaigns or political videos without their consent. For Perry, however, the central issue appears to be the message. A song written to tell people to find their light in dark times was suddenly placed against scenes of war — a contrast she clearly believes turns its meaning upside down.

  • | |

    Mir Raza’s DNA matches parents as probe team exp…

    ByJustpaste.in

    The DNA of Karachi businessman Mir Raza has matched samples collected from his parents, officials said on Tuesday. The development is part of the ongoing investigation into his death. Authorities have also expanded the investigation team handling the case. A notification has been issued for the appointment of two additional officers. According to the notification, DSP Sirajuddin and Inspector Muhammad Ali have been included in the investigation team. Their addition has increased the strength of the team to seven members. The latest appointments come as investigators continue to examine different aspects of the case. Police are also reviewing the available evidence as part of the probe. Meanwhile, the former investigation officer appeared before the Judicial Magistrate East in connection with the case. He requested additional time to submit the investigation report. The former officer told the court that the investigation was still in progress. He also informed the court that senior authorities had changed the officer responsible for investigating the case. He said the newly appointed investigation officer would appear before the court at the next hearing. The officer is expected to continue the investigation and submit the required report. The court accepted the request for more time. It directed the former investigation officer to submit the report by August 15. The court proceedings took place as investigators continued their efforts to establish the circumstances surrounding Mir Raza’s death. The DNA match with his parents has also provided an important development in the investigation. Authorities are now expected to continue examining other evidence and findings linked to the case.

  • | |

    Punjab boards introduce digital result cards

    ByJustpaste.in

    All nine educational boards across Punjab have approved a new Digital Result Card System to modernise examination records and make student services more accessible. Under the new system, boards will stop issuing traditional printed result cards to students. Instead, candidates will receive digital result cards through newly developed online result portals. Students will be able to download and print their certificates from home or use commercial printing facilities when needed. The move will also end the Rs550 fee that boards currently collect from each candidate for issuing conventional result cards at the time of admission. As a result, the boards are expected to lose a significant source of revenue. The first phase of the system will cover Class IX and First Year annual examination results. Class X and Second Year students will join the digital system in the second phase. However, students whose results were scheduled for announcement on August 6 will continue to receive printed result cards under the existing system. Board officials said digital result cards for both regular and private candidates will become available online immediately after results are announced. Regular students will access their certificates through their institutions’ online portals, while private candidates will download them directly from their respective board websites. The new certificates will carry QR codes and other security features to prevent tampering and allow educational institutions and employers to verify them electronically. Officials have also confirmed that digital result cards will have the same legal and official status as conventional certificates. They will remain valid for university admissions, employment, scholarships, equivalence certificates, document verification and other academic and official requirements. The initiative marks a major shift towards paperless examination services and is expected to make the process faster, more convenient and easier for students across Punjab.

  • | |

    Hangu drone attack, FIR registered against TTP mil…

    ByJustpaste.in

    HANGU: Pakistani authorities have registered a terrorism case following a deadly drone attack on the Khazina Banda police checkpost in Hangu, where officials say militants carried out a coordinated assault that left several police personnel dead and dozens injured. According to police, the case has been lodged at the Counter Terrorism Department (CTD) police station in Kohat on the complaint of the station house officer (SHO). The First Information Report (FIR) names members of the banned Tehreek-e-Taliban Pakistan (TTP) and includes 16 charges, including terrorism, murder, attempted murder and kidnapping. The FIR states that the attackers used a drone as part of the assault before engaging security personnel in an intense exchange of fire. According to the police report, DSP Diyar Khan was among 10 police officials martyred during the attack, while 33 other personnel sustained injuries in the fierce confrontation. Authorities said security forces responded immediately, leading to a prolonged gun battle with the militants. The FIR claims that 15 militants were killed during the retaliatory operation carried out by police. The attack also caused significant damage to government property. Police said the militants destroyed or damaged three armoured vehicles, along with other official vehicles and infrastructure at the checkpost. Investigators have launched a detailed probe to identify all individuals involved in planning and executing the assault. Officials said evidence is being collected from the attack site, while intelligence agencies are assisting in tracing the network behind the operation. The incident underscores the continuing security challenges facing law enforcement personnel in Khyber Pakhtunkhwa, where militant attacks have increased in recent years. Authorities have vowed to bring all those responsible to justice, reaffirming that counterterrorism operations will continue against militant groups threatening public safety and national security. Officials also paid tribute to the police officers who lost their lives, describing their sacrifice as a testament to the force’s commitment to protecting citizens and maintaining peace in the region.

  • | | |

    Pakistan’s debt growth falls to 20-year low: Fin…

    ByJustpaste.in

    ISLAMABAD: Pakistan’s Finance Ministry has reported a significant slowdown in the country’s debt growth, saying the rate of increase fell to its lowest level in two decades during fiscal year 2025-26. According to the ministry, Pakistan’s debt increased by only 7.7 per cent during 2025-26, compared with an average annual growth rate of around 16 per cent over the past 20 years. The ministry said the country’s debt-to-GDP ratio also improved, falling to 68.3 per cent from 75 per cent in fiscal year 2022-23. Between 2019 and 2021, the ratio had remained between 86 and 88 per cent. Pakistan’s external debt-to-GDP ratio also declined to 21.5 per cent, which the ministry described as the lowest level in nine years. The country’s foreign exchange reserves have meanwhile increased substantially, rising from $2.9 billion to $18.4 billion, according to the ministry. The Finance Ministry said Pakistan also repaid Rs4.72 trillion in debt ahead of schedule. It added that annual interest expenditure on government debt declined by nearly Rs2 trillion. The burden of interest payments on government revenue also fell sharply, from 61 per cent to 35 per cent, indicating an improvement in the government’s fiscal position. The ministry further said Pakistan has recorded a primary budget surplus for three consecutive years, reflecting continued efforts to strengthen fiscal management and control expenditure. Pakistan has also returned to international capital markets after a four-year gap. The country’s Panda Bond reportedly attracted demand nearly five times higher than the amount offered, indicating strong investor interest. The ministry also highlighted Pakistan’s improved credit outlook. S&P Global Ratings has maintained Pakistan’s rating at B with a stable outlook, with the ministry describing the current rating as the agency’s highest level for Pakistan in nearly nine years.

Leave a Reply

Your email address will not be published. Required fields are marked *