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First day of Chinese tour company seized assets auction rakes in B71m

First day of Chinese tour company seized assets auction rakes in B71m

PHUKET: The first day of the mass auction of assets seized by the Anti-Money Laundering Office (Amlo) in raids on the now-defunct Tranlee Tour company in Phuket raised more than B70 million – more than double than the starting bids suggested.


By Tanyaluk Sakoot

Tuesday 6 September 2016, 06:29PM


The assets were seized when more than 100 officers including police, military and Amlo officials raided companies operating under the Tranlee Travel Co Ltd network of businesses at Rassada and Koh Siray, on the east side of Phuket Town, on July 6. (See story here.)

The auction began today (Sept 6) at the Phuket City Municipality meeting room, from 10am to 4pm.

“We had a good response from people today, and it is just the first day of the auction,” Theppasu BavornChotidara, Director of Amlo’s Financial Intelligence Division, told The Phuket News.

“The starting bids for the 34 assets sold today totalled B31,389,000, but actually sold for B71,534,000 – more than double the starting bids,” he said.

“The cruise boat Sampaothong boat had a starting bid of just B4 million, but was sold for B12.9 million,” he added.

Laguna Golf Phuket

A further 116 items have yet to be sold in the coming days, Mr Theppasu said.

“Tomorrow, all the buses and transportation vehicles will be up for auction,” he noted.

The auction will continue tomorrow and Thursday (Sept 7-8), from 10am to 4pm, at the meeting room at the Phuket City municipality building in Phuket Town.

All proceeds from the auction will be transferred to the Ministry of Finance, in accordance with the Anti-Money Laundering Act, Mr Theppasu said.

 

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