The Anti-Money Laundering Office (Amlo) has frozen assets worth more 128 million baht linked to a former founder of the Railway Club’s Saving and Credit Cooperative who is embroiled in a cooperative fund embezzlement scandal.
Pol Maj Gen Preecha Charoensahayanont, Amlo’s acting secretary-general, said on Tuesday that the agency’s transaction panel has ordered the temporary freezing of assets held by Boonsong Hongthong, a former chief adviser and founder of the cooperative, and several other suspects.
They were accused of embezzling money from the cooperative to buy land and other assets, falsifying loan documents and forging the cooperative’s committee resolutions to conceal their alleged wrongdoings from an internal audit panel.
Their actions violated sections 3 (14) and (18) of the 1999 Anti-Money Laundering Act.
The transaction panel has ordered a total of 93…
