Thai police crack down on shell companies linked to cybercrime in networks, including eight Malaysian suspects


BANGKOK: (Bernama) Thai police have dismantled a major cybercrime operation involving illicit activities worth 3.6 billion baht (about RM467mil), conducted through the use of illegal shell companies and nominee accounts.

According to Pol Col Theeraphas Yungyuen of the Central Investigation Bureau (CIB), investors, primarily from China and Malaysia, hired 14 accounting firms to register corporate entities and open bank accounts for illegal activities.

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