Thailand Seizes $300 Million in Assets Linked to Cyberscam Networks

BANGKOK—Thailand has seized more than US$300 million in assets tied to criminal networks running multibillion-dollar scam centers in Southeast Asia, Prime Minister Anutin Charnvirakul said on Wednesday.

The announcement comes after authorities across Asia, Europe and the US targeted Cambodia’s Prince Holding Group and its global business network with asset seizures and freezes worth billions of dollars.

In October, US authorities indicted Prince’s Chinese-born founder Chen Zhi, accusing him of presiding over forced labor camps in Cambodia, where trafficked workers conduct online scams.