Thailand moves to seize US$1 billion in scam assets
Arrest warrants target Benjamin Mauerberger and four others, with US$415 million in shares seized.
Thai authorities have vowed to seize more than US$1 billion in assets linked to a group accused of laundering proceeds from Southeast Asia-based scam syndicates.
A criminal court issued arrest warrants on Tuesday for the alleged ringleader, South African Benjamin Mauerberger, his Thai wife Cattaliya Beevor, Cambodian businessman Yim Leak, and four others, police said.
Authorities say the confiscated assets, including US$415 million in shares, will be used to compensate victims of online scams.
The court warrants and asset-seizure push are part of an ongoing criminal case targeting alleged money laundering tied to online fraud operations across the region.
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Source:
South China Morning Post