DSI expands MBI Group investigation

DSI expands MBI Group investigation

The Department of Special Investigation (DSI) is expanding its investigation into a company based in the southern region which was raided in January last year and had Thai and foreign currencies worth more than 83 million baht seized.

Pol Maj Suriya Singkamol, the department's deputy director-general, said the DSI has been making progress in its probe against the MBI Group and focused on tax measures and the use of illegal nominees in its investigation.

Working closely with the Business Development Department, the DSI found the company used Thai nominees in setting up five subsidiary firms in breach of the Foreign Business Act, he said.

In January last year, authorities raided MBI Group, in tambon Samnaktham of Sadao district of Songkhla province, and seized foreign currencies worth more than 83 million baht. The company has been accused of carrying out money laundering activities, Pol Maj Suriya said.

Authorities have seized large amounts of documents involving foreign currencies related to MBI Group but these papers are believed to be falsified.

Public interest in MBI Group has re-emerged following a probe into an international drug syndicate with alleged ties to Lao drug kingpin suspect Xaysana Keopimpha. He said the company also launched a pyramid investment scheme in Thailand but it did not succeed.

MBI Group ran six hotels, nine apartments, two resorts and several tourist spots including animal farms in Songkhla's Sadao district, with a total investment value of two billion baht, according to authorities.

They said both Malaysian and Thai nationals are registered as the company's directors.

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