BANGKOK: A Hmong man was arrested on drug-trafficking charges and his assets worth over 100 million baht were seized in Chiang Rai here the other day.
A team of police from Chiang Rai and Rayong raided a house in tambon Bandu in Muang district of Chiang Rai and arrested Ratchapon Chinnuthit.
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Police seized three cars, large amounts of US dollars, gold and silver bars and gold ornaments, two weapons and other valuables worth more than 100 million baht, Thai media reported.
The raid was the culmination of an investigatiion that began when Rayong police arrested seven drug suspects and seized 88,000 speed pills in November 2012.
Police followed the money trail and found that Mr Ratchapon had transferred money to the bank accounts of Somphan Liewcharoen, a petrol station operator in Mae Chan district of Chiang Rai. The Anti-Money Laundering Office on June 4 seized 150 million baht in assets from Mr Somphan.
Police said Mr Ratchapon confessed to drug trafficking charges and was being held in custody pending further legal action.
