AMLO confiscates land worth Bt2.3 bn over rice deals
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The Anti-Money Laundering Office (AMLO) has confiscated Bt2.3 billion worth of land plots belonging to TC Property Co Ltd over its link to a rice-deal corruption conviction.
The confiscation will be in effect from October 10 until January 7 next year unless the firm can prove that the assets were not ill-gotten gains.
The land plots are located in several provinces including Bangkok, Samut Prakan, and Chiang Mai.
AMLO has said the temporary confiscation of these land plots was necessary as a probe suggests they belonged to Apichart Chansakunporn, who is widely known as Sia Pieng and was found guilty of playing a role in corruption-plagued rice deals.
Prior to this, AMLO had already confiscated Bt1.865 billion of assets belonging to Apichart and his accomplices.
