Thailand has seized more than US$300 million in assets connected to regional cyberscam groups, according to information reported by AFP through Channel News Asia.
The action follows coordinated efforts in Asia, Europe and the United States that have targeted Cambodia’s Prince Holding Group and its associated businesses with sizeable freezes and confiscations.
Prime Minister Anutin Charnvirakul said the seizures involve key figures flagged in earlier cross-border investigations.
Those identified include Prince founder Chen Zhi, a Cambodian senator and two Thai nationals.
Chen was indicted in the United States in October, where prosecutors allege he oversaw compounds in Cambodia where trafficked workers were forced to carry out online fraud.
Thailand’s Anti-Money Laundering Office said about 373 million baht worth of assets linked to Chen have been taken into state custody.
These include property, cash and other high-value items.
Nearly US$15 million was confiscated from Cambodian senator Kok An, while roughly US$290 million was traced to two Thai suspects.
Officials did not indicate when the seizures were executed.
The move comes as cyberfraud hubs continue to expand across Southeast Asia, often operating from ordinary commercial spaces yet targeting victims globally.
Some workers are recruited willingly, while others are trafficked and held in restrictive conditions.
Authorities outside Thailand have mounted similar actions.
Britain has frozen more than US$130 million in business and property assets connected to the same network, and regulators in Taiwan, Singapore and Hong Kong have issued additional orders, in some cases involving several hundred million dollars.
The US Justice Department has described Prince Group as a major transnational criminal organisation and recently seized bitcoin valued at around US$15 billion that investigators believe to be illegal proceeds.
Prince Holding Group has denied the allegations against the company and its founder.
Featured image: Edited by Fintech News Singapore, based on images by Freepik and Prince Group
