AMLO seize 7 billion baht assets from Siam Indica and Co and 13.2 billion baht assets from zero-dollar tour operators

The Anti-Money Laundering Office has ordered the seizure of about 7 billion baht worth of real estate and bank accounts of rice exporting firms, Siam Indica and Keetha, formerly Siralai and individuals connected with Apichart Chansakulporn, alias Sia Piang, a top executive of Siam Indica in connection with the fake government-to-government rice deals.

AMLO secretary-general Pol Gen Chaiya Siriamphankul told the media at a press conference on Friday that the transactions committee on Thursday ordered the seizure of the assets of Siam Indica and Keetha companies, Sia Piang and his business associates which include 51 bank accounts with 921 million baht in cash deposits and 5,970 million baht worth of land plots in Bangkok, Lamphun, Phuket, Phang-nga, Ayutthaya and Ang Thong

AMLO’s action followed the findings of the National Anti-Corruption Commission which faulted former commerce minister Boonsong Teriyapirom of Yingluck administration and 21 other individuals, including officials and businessmen, for conspiring to cheat the state that they had secured G-to-G rice deals with China and, hence, managed to buy rice from the government at prices far below market prices for export. In actuality however, the G-to-G deals were fake and the rice were instead sold to local exporters and to overseas importers for profits.

According to the NACC, the massive and outrageous fraud by the businessmen working in cahoots with unscrupulous commerce officials have rendered 20 billion baht in damage to the state.

Pol Gen Chaiya said that seized assets were believed to have been illegally acquired from money laundering practice.

AMLO also ordered the seizure of about 13.2 billion baht in assets of Fu-an and OA tourism companies for allegedly operating zero-dollar tour operations to cater to Chinese package tour groups.

According to AMLO, OA Transport Company provided free transport for Chinese tourists under the care of Fu-an and Zin Yuan travel agencies on the condition

that their Chinese tourists must be taken to their jewelry shops which usually overcharge the tourists.

Tourist police commander Pol Maj-Gen Surachet Hakparn, meanwhile, said he was assured by Chinese tourism association that, as of September 15, there will be no zero-dollar tour business in Thailand.

Source: Thai Public Broadcasting Service (Thai PBS)

Post Author: thailandmirror.com