DSI Transferred Seized Assets and Additional Property Data from “The iCon Group and Associates” Case to AMLO

DSI Transferred Seized Assets and Additional Property Data from “The iCon Group and Associates” Case to AMLO

As the Department of Special Investigation (DSI) has been pursuing legal action against The iCon Group Co., Ltd. and its associates under Special Case No. 119/2567, a case transferred from Criminal Case No. 70/2567, under the Consumer Protection Police Division. The charges include joint public fraud and joint borrowing regarded as public fraud, which constitute predicate offenses under the Anti-Money Laundering Act, along with multiple related offenses. In addition, the DSI has filed cases under Special Case No. 115/2567 and Special Case No. 16/2568 for jointly and conspiring to commit money laundering. Numerous assets, suspected to be derived from unlawful activities, were seized or frozen. The DSI also submitted information related to the proceedings and assets, including the seizure of real estate assets, for further review under money laundering charges.

The updates on the management of the seized and frozen assets are as follows:

1. Seized Assets Related to Predicate Offenses: On June 25, 2025, Police Major Yutthana Praedam, Director-General of the Department of Special Investigation (DSI), assigned Police Captain Surawoot Rungsai, Deputy Director-General of the DSI, and Mr. Rawee Acksornsiri, Director of the Criminal Money Laundering Bureau, along with Police Lieutenant Colonel Anan Buakaew, Inspector of Sub-Division 1, a representative from the Consumer Protection Police Division (CPPD), Central Investigation Bureau (CIB), to a jointly transfer of 35 vehicles previously seized by CPPD in Criminal Case No. 70/2567. These vehicles were later handed over to the special case inquiry team handling Special Case No. 119/2567 under an additional asset seizure order issued by the Transaction Committee. The assets were then officially delivered to Mr. Somchai Playdoung, Director of Litigation Division 5 of the Anti-Money Laundering Office (AMLO) at Warehouse No. B115, Village No. 14, Bueng Kham Phroi Subdistrict, Lam Luk Ka District, Pathum Thani Province, in the presence of officials and representatives from all three involved agencies.

In addition to the vehicle handover, representatives from DSI and CPPD had earlier, on June 19–20, 2025, delivered other seized items such as gold jewelry, watches, and branded handbags to AMLO. In total, 281 items of seized property were transferred to AMLO under the (additional) seizure order from the Transaction Committee. These assets will be subject to inspection, valuation, and further proceedings by AMLO in accordance with its authority.

2. Frozen Real Estate Assets for Money Laundering Inspection: On June 24, 2025, further progress was made concerning real estate assets frozen during the investigation stage of predicate offenses. These assets were later incorporated into Special Case No. 115/2567 and Special Case No. 16/2568, both of which involve legal proceedings against The iCon Group Co., Ltd. and its associates for the offenses of jointly and conspiring to commit money laundering. The Criminal Money Laundering Bureau reviewed both the acquisition records and supporting evidence and confirmed that a total of 42 real estate assets, including land plots, buildings, and condominium units, were obtained during the period in which predicate offenses occurred. The purchase value of these properties amounts to a total of 603,580,345.00 THB, while the total appraised value is 146,971,680.00 THB. The findings were formally reported to AMLO through urgent letter No. 0825/2144, dated June 24, 2025, for consideration and further action in accordance with AMLO's authority.