Thailand’s Anti-Money Laundering Office (AMLO) has seized assets worth 210 million baht (approximately US$6.4 million) belonging to the Jaravijit family over their involvement in the bitcoin fraud case in which a Finnish national, Aarni Otava Saarimaa, lost bitcoins which were worth approximately US$24 million at the time the crime occurred according to the nation.T
Ten months after a Finnish national filed a complaint after losing 5,564 bitcoins to fraudsters in Thailand, the family of the Thai television actor Jiratpisit ‘Boom’ Jaravijit is now the target of the country’s anti-money laundering agency in relation to the scam.
The decision to confiscate the assets was made by the transaction committee of the anti-money laundering agency which resolved to seize 64 items in addition to interest. The confiscation order will be in effect for a period of 90 days, running from August 14 to November 11, 2018. According to the AMLO, victims of wrongful seizures will have an opportunity to lodge an appeal.
“Anyone whose assets are unrelated to the alleged wrongdoing and wrongly confiscated may file their appeal with the AMLO secretary-general within 30 days of learning about this order,” said the anti-money laundering agency.
Saarimaa went on to transfer his bitcoin holdings worth 797 million baht at the time (approximately US$24 million) to Prinya’s wallet.
But instead of making the investments as promised, Prinya diverted the funds to bank accounts belonging mostly to members of his family with some of the money being used to buy parcels of land. Saarimaa filed a complaint with the Thai police in January this year.