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AMLO seized Phuket tour boat sells for B12.9mn at auction

PHUKET: A luxury cruise boat sold for over B12 million during an auction of goods seized from the Tranlee Tour company held from Sept 7-9, this being the most expensive purchase of the auction held by the Anti-Money Laundering Office (AMLO).

transport, marine,

Tanyaluk Sakoot

Friday 9 September 2016, 03:00PM

“The luxury cruise boat Sumpaothong had a starting bid of B4 million, but it sold for B12.9 million. It was the top priced purchase of the auction,” said Theppasu BavornChotidara, Director of Amlo’s Financial Intelligence Division

“The second highest purchase was for the vessel Sumpaothong 1 which had a starting bid of B12 million and sold for B12.1 million,” he added.

Reporting on the overall amount taken at the auction, Mr Theppasu said, “Over all three days the action took a total of B166,944,000. B71,104,000 was taken on the first day, B37,300,000 on the second, and B58,540,000 on the third and final day.

“Overall, all 34 boats were sold along with 83 buses, however, there are 33 buses that remain unsold. Those buses will be auctioned at a later date which will be set by our office,” he added.



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Ed Sanders | 10 September 2016 - 15:23:01

Yes...we can all rest assured that the profits from this will be evenly and fairly distributed in a manner which will ensure the greatest benefits... (insert laughing face with rolling eyes).  Me thinks this is what happens when foreigners are more successful at playing the corrupt Thai business game than Thais themselves.  They (Thai officials) will step in, seize all assets (which they likely had a hand in overseeing), then redistribute those assets to their rich cronies (which they will also make substantial gains).  It is like Thai Robinhood... steal from the rich, and give back to the rich at a profit. 

[From previous story... "All proceeds from the auction will be transferred to the Ministry of Finance, in accordance with the Anti-Money Laundering Act, Mr Theppasu said." – Ed 


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Kurt | 10 September 2016 - 12:28:31

Mhh, Phuket does not need 'help'. 
It is the richest province of Thailand, although you would not think so when you drive/look around.

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BosysurfNaiHarn | 10 September 2016 - 05:41:12

there has been no mention as to where this new revenue will go. Who gets all this money and how will it help Phuket?

[From previous story... "All proceeds from the auction will be transferred to the Ministry of Finance, in accordance with the Anti-Money Laundering Act, Mr Theppasu said."
– Ed


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