Bangkok Police Uncover $35 Million Chinese Nominee Property Scam
Bangkok police have busted a major real estate scam where Chinese nationals allegedly used Thai nominees to illegally acquire luxury properties. Authorities seized 33 high-end homes worth over 1.275 billion baht ($35 million), with investigations expanding to uncover all involved parties.
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- Bangkok Luxury Villas Uncovered in 1.2 Billion Baht Chinese Nominee Scheme
Thai police have dismantled a network of Chinese nationals using local nominees to illegally own and rent out 33 luxury villas in Bangkok, valued at over 1.2 billion baht. The syndicate allegedly used shell companies, with Chinese nationals providing capital for registrations and acquisitions, circumventing foreign ownership laws. Twenty-one individuals are expected to face charges.