Bangkok Police Arrest Mr. Hao in 5-Site Raid on ฿100 Million Nominee Property Network
Updated
Updated · Thai Examiner · Jun 14
Bangkok Police Arrest Mr. Hao in 5-Site Raid on ฿100 Million Nominee Property Network
2 articles · Updated · Thai Examiner · Jun 14
Summary
Five Bangkok raids led by the ECSD arrested 35-year-old Chinese national Mr. Hao and dismantled an alleged property network that used Thai nominees to control luxury homes and condos worth hundreds of millions of baht.
Investigators say Thai women were installed as directors and majority shareholders while Chinese investors retained control, letting the group bypass Thai property restrictions through multiple companies and a law firm.
Police seized more than ฿1.4 million in cash, eight foreign currencies, digital-asset storage equipment, land title deeds, sales agreements, bank books, company stamps and 32 key cards for Life Asoke-Rama 9 units.
Mr. Hao told investigators he set up TA Law Firm Co., Ltd., used two Thai women to hold shares for him and earned 1.5% to 2.5% commissions arranging luxury-home purchases for Chinese friends, though suspects denied charges under the Alien Employment Management Act.
The case broadens Thailand's crackdown on foreign-controlled businesses as police trace more Thai and foreign suspects, financial links and assets tied to Chinese-backed nominee structures.