(Bangkok, 19th) Thai police have begun investigating the cross-border fraud case allegedly involving Chen Zhi, the founder of Cambodia’s Prince Group.
Thai Justice Minister Ruttapong said that Prime Minister Anutin has instructed the establishment of an 'Anti-Telecom Fraud and Cyber Financial Crime Task Force', which will hold its first meeting on Monday (October 20) to conduct an in-depth study of Prince Group's capital flows and business network in Thailand.
The United States and the United Kingdom have recently frozen assets under Chen Zhi's name. Ruttapong said the Justice Ministry is also preparing to take legal action in response to the U.S. indictments against Chen Zhi for conspiracy to commit telecom fraud and conspiracy to commit money laundering.
Surapong, head of the Thai Police Cyber Crime Investigation Bureau, revealed that Thailand has already contacted U.S. authorities to learn about the latest developments regarding the freezing and confiscation of Prince Group assets and to assess whether these funds are related to criminal activities within Thailand.
Surapong said that once it is confirmed that Chen Zhi's assets are involved in criminal activities within Thailand, investigators will, in accordance with international law, apply for the return and seizure of relevant assets through diplomatic channels.
Thai Justice Minister Ruttapong said that Prime Minister Anutin has instructed the establishment of an 'Anti-Telecom Fraud and Cyber Financial Crime Task Force', which will hold its first meeting on Monday (October 20) to conduct an in-depth study of Prince Group's capital flows and business network in Thailand.
The United States and the United Kingdom have recently frozen assets under Chen Zhi's name. Ruttapong said the Justice Ministry is also preparing to take legal action in response to the U.S. indictments against Chen Zhi for conspiracy to commit telecom fraud and conspiracy to commit money laundering.
Surapong, head of the Thai Police Cyber Crime Investigation Bureau, revealed that Thailand has already contacted U.S. authorities to learn about the latest developments regarding the freezing and confiscation of Prince Group assets and to assess whether these funds are related to criminal activities within Thailand.
Surapong said that once it is confirmed that Chen Zhi's assets are involved in criminal activities within Thailand, investigators will, in accordance with international law, apply for the return and seizure of relevant assets through diplomatic channels.