Anant Asavabhokin (right), chief executive of Land and Houses, accepts the award as best chief executive officer from then-finance minister Somkid Jatusripitak at the 2004 SET Awards in 2004. (Bangkok Post file photo)The Department of Special Investigation will charge property baron Anant Asavabhokin with money laundering over a highly profitable land sale involving a subsidiary of the embezzled Klongchan Credit Union Cooperative (KCUC). The 44-rai of land, near Wat Dhammakaya, was sold on Dec 23, 2011 to Mr Anant for 93.7 million baht, well below the estimated value of 281 million baht, the DSI's initial investigation concluded. He is on the run, wanted on a charge of laundering money and receiving stolen property in connection with the KCUC embezzlement. The DSI is also looking into whether Mr Anant's daughter, Alisa, owns the land the building is on.

Source: Bangkok Post May 18, 2017 05:15 UTC