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yuiyoshida

(41,760 posts)
Wed Sep 7, 2016, 12:26 PM Sep 2016

Amlo auctions off assets of illegal tour operator


A guard watches over some of the boats seized from the network of illegal tour firms operating under Tranlee Travel in Phuket in July. (Photo by Achadtaya Chuenniran)


Amlo auctions off assets of illegal tour operator

7 Sep 2016 at 16:45 5,873 viewed8 comments
WRITER: ACHADTAYA CHUENNIRAN

A guard watches over some of the boats seized from the network of illegal tour firms operating under Tranlee Travel in Phuket in July. (Photo by Achadtaya Chuenniran)

PHUKET - The Anti-Money Laundering Office (Amlo) has began auctioning off assets seized from an illegal Chinese tour operator, with boats and buses fetching a total of 108 million baht in the first two days.

A total of 151 items with a combined starting price of 161 million baht were to be sold off from Tuesday to Thursday. At the end of the second day, 35 boats and 44 coaches had fetched a total 108 million baht.

The assets were seized from Tranlee Travel Co, whose two major shareholders and executives, listed as Veerachai Khamphaipraphankul and Kritchakorn Rungmongkholnam, were foreign nationals using Thai names.

The company’s business network was busted in July and its assets confiscated under the money laundering law.

Authorities said 17 companies formed Tranlee’s network, operating tourism-related businesses such as hotels, tour buses, ferries, restaurants and souvenir shops.

http://www.bangkokpost.com/news/general/1080425/amlo-auctions-off-assets-of-illegal-tour-operator
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Amlo auctions off assets of illegal tour operator (Original Post) yuiyoshida Sep 2016 OP
Good for them. nt okaawhatever Sep 2016 #1
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