Tycoon’s assets under probe

Tycoon's assets under probe

The Office of the Narcotics Control Board (ONCB) is examining possessions confiscated from Myanmar tycoon Tun Minutes Latt who was caught in Bangkok on Saturday on fees of conspiring in order to traffic narcotics and money laundering since it widens its net on a drug ring.

ONCB deputy secretary-general Piyasiri Wattanavarangkul said apart from examining and confirming whether the seized resources were ill-gotten, the agency has to trace assets to determine in case there are others active in the drug trade.

He said the Anti-Money Washing Office will part of if the ONCB unearths the seized property that have been laundered. He or she added that the unlawful investigation against the Myanmar tycoon is being managed by the Royal Thailänder Police (RTP).

RTP mouthpiece police spokesman Pol Col Krissana Pattanacharoen said yesterday the court granted the police request in order to detain Tun Min Latt and 3 Thai nationals upon Tuesday to gather more evidence and check out the network.

He stressed that legal motion would be taken towards anyone implicated in the narcotics and cash laundering operations.