AMLO seizes Bt27m from illicit rosewood trader

national June 14, 2014 00:00

By The Nation

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The Anti-Money Laundering Office (AMLO) has seized more than Bt27 million in assets acquired unlawfully by a financier and his accomplices who illegally funded the felling of a large number of rosewood trees and smuggled them out of the country for the pa

Kampanart Chaimart allegedly began his illicit business in 2000 with a number of people, and up to Bt1.18 billion worth of transfers were made between him and his partners from 2011 to this year, he said. 
Kampanart, better known as Sia Thang, and his partners allegedly ran the illegal rosewood business mostly in the Northeast. Some of the financial transactions originated in Laos, and involved people in the South, before they ended up in accounts in Malaysia-based banks, Seehanart said.
AMLO has seized an unknown amount of cash as well as 98 items owned by Kampanart, while another 97 items are being verified to see if they were bought with Kampanart’s ill-gotten gains. Seehanart said he had approved the seizure Bt27 million worth of assets in total.

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