Kenneth Rijock

Kenneth Rijock

Saturday, October 19, 2019

COUPLE ARRESTED FOR ฿1bn DRUG MONEY LAUNDERING IN THAILAND FACE DEATH PENALTY


A husband and wife financial crime team in Thailand are looking at the death penalty, after they were arrested in a seizure of ฿100m in a drug money laundering case, linked to the country's largest drug trafficking syndicates. Naruepol Phapphathee and Patthama Buathong, named as the leaders of the ring, had  ฿25m in cash seized, including ฿5.5m hidden in a washing machine.


 A Thai criminal court sentenced a major money launderer to death earlier this year, and a similar sentence is expected in this case. Over 500 bank accounts have been identified with this laundering syndicate.
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Note: 1 Thai Baht (฿) is is worth 3 1/3¢ (USD).

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