Thai police arrested a Chinese fugitive wanted for money laundering and cryptocurrency trading in Bangkok.

BlockBeats news, October 17 - According to Thai media Khaosod English, Thai immigration police recently arrested a 37-year-old Chinese man in Bangkok. The man is wanted by Chinese police for alleged involvement in a transnational criminal network and money laundering activities. Police stated that the criminal network involved transactions exceeding 500 million yuan (approximately 2.485 billion Thai baht).

The suspect is alleged to have processed cryptocurrency and foreign exchange transactions for the criminal gang through more than 133 accounts, and assisted members of the transnational criminal network in obtaining visas. Police stated that the suspect had evaded capture by forging residence registration documents, changing license plates, and altering vehicle appearances, and was ultimately arrested at a luxury mansion in Bangkok. Thai authorities will handle his overstay in accordance with the law and coordinate his repatriation to China for investigation.