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Thailand seizes more assets of Chinese tycoon Chen Zhi

Chen Zhi Thailand China Cambodia

Chen Zhi could face the death penalty under new charges laid by Chinese prosecutors in late July.

Thailand is moving to confiscate another 115 million baht in assets linked to the Chinese-Cambodian tycoon Chen Zhi, who is now awaiting trial in China for financial crimes.

The Anti-Money Laundering Office (Amlo) said on Thursday that its transaction committee had resolved to seize 431 additional assets including cash, gold ornaments, land plots with buildings, and digital assets.

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