Overview
- Thai officials reported 10.16 billion baht (about US$318 million) in seizures and said 42 arrest warrants have been issued, with 29 suspects in custody so far.
- Confiscated assets include property, cash and luxury goods linked to Prince Group founder Chen Zhi, plus nearly US$15 million tied to Cambodian senator Kok An.
- Investigators seized trading accounts connected to Yim Leak, including 6 billion baht in Bangchak Corporation shares, and the company said its operations remain unaffected.
- Authorities said the actions target networks running large-scale online fraud operations that have trafficked people to work in coercive conditions across Southeast Asia.
- The U.S. Justice Department previously indicted Chen and seized roughly US$15 billion in bitcoin, while the U.K., Hong Kong, Singapore and Taiwan have reported additional freezes worth hundreds of millions, and Prince Group has denied wrongdoing.