The culprits in two high-profile financial and money-laundering scams will have their assets seized, says the Anti-Money Laundering Office (Amlo).
Deputy secretary-general, Pol Maj Gen Romsit Wiriyasan, said the decision was made by Amlo's committee overseeing financial transactions.
The committee decided to confiscate assets worth 11 million baht from those convicted of running the lottery investment scam which hit Chulalongkorn University Saving Cooperatives.
The case involved Sawat Sanegbangpla, ex-chairman of the Chulalongkorn University Saving Cooperatives and his accomplices. The ex-chairman was found operating a bogus lottery investment scheme for more than seven years, with estimated damages of 433 million baht. It lured many victims, most of them officials and staff at Chulalongkorn University.
Another tranche of assets worth 47 million baht will be taken from wrongdoers in a gold share investment scam in which Intarawarang Damdang lured people to invest in buying shares to speculate on gold trading in the US.
The swindle started in 2012 and managed to lure 120 million baht from its victims before it ended this year.
Ms Intarawarang was found guilty of money laundering and swindling. The office started the process of confiscating her assets on Aug 8 when 10 assets worth 19 million baht were seized, followed by another 8 million baht in assets later the same month.
On Aug 11, the office seized more assets worth 19 million baht. In October, Amlo also issued an order to confiscate 17 items, most of them brand-name bags.
Amlo is appraising their value. Pol Maj Gen Romsit said the asset confiscations will help sever the connection between financial scams and money laundering.