The Thai Technology Crime Suppression Division, together with the Anti-Money Laundering Office (AMLO), on the 9th raided 36 locations in Bangkok and Trat Province, seizing assets worth over 400 million baht (approximately 51.43 million ringgit) belonging to former Cambodian senator and LYP Group founder Ly Yong Phat. These include asset documents found in two uninhabited apartments on Sukhumvit, land worth 5 million baht in Wang Krachae Town, Trat City, as well as bank accounts with cash holdings of 88.2 million baht.
Previously, an investigation by the Technology Crime Suppression Division revealed that Ly Yong Phat and his associates were colluding with scam groups, dividing proceeds and participating in money laundering. After collecting evidence, police applied to the court for five arrest warrants, charging them with "conspiring with two or more people to launder money and participating in money laundering."
The Criminal Court issued an arrest warrant for Ly Yong Phat on November 6. The court also issued arrest warrants for Ly Yong Phat’s confidant, Qiao Chai (37 years old), and three Chinese nationals.
Thai police reported that Ly Yong Phat left Thailand for Cambodia on October 10.
In addition, Thai Prime Minister Anutin last month signed an order revoking Ly Yong Phat's Thai citizenship. Ly Yong Phat was accused of retaining Cambodian citizenship after naturalizing as a Thai citizen and being involved in illegal activities.
It is reported that Anutin has listed cracking down on telecom fraud as a national agenda, and recently instructed all departments to carry out comprehensive sweeps.