Thai Examiner
Police smash Chinese property empire using nominee shareholdings run by 35 year old Mr Hao on Sunday
Compiled by KHAO Editorial — aggregated from 1 outlet. See llms.txt for citation guidance.
◌ Single Source
Key facts
- Bangkok police smash a Chinese “grey market”
- Chinese nominee firms exposed as police seize cash, foreign currencies and property files in raids
- In addition, officers discovered more than ฿1.4 million in cash
- Law firm documents and luxury home raid led to Mr Hao’s arrest and major evidence seizure in the case
- Hao admits nominee arrangement as investigators trace the luxury property investment network
- According to his statement, he received commissions between 1.5% and 2.5% from property sales
Summary
### Bangkok police smash a Chinese “grey market” property empire as a five-site ECSD operation captures Mr. Hao, seizes cash, foreign currencies and digital asset equipment, and exposes a network accused of using Thai nominees to control luxury homes worth hundreds of millions.
A five-location Bangkok police operation on Sunday smashed a Chinese “grey market investment” network worth hundreds of millions of baht, exposing a web of nominee companies, luxury properties and hidden ownership structures allegedly used to bypass Thai law. The co-ordinated raids ended with the arrest of alleged ringleader Mr.
The Economic Crime Suppression Division (ECSD) dismantled an alleged Chinese “grey market investment” empire on June 13 after coordinated raids across five Bangkok locations.