What is wrong with Thailand now?

[tobelightlight]

 

[laksaboy]

An influx of Tiong dirty money. No need to look at Thailand, something similar is happening in Sinkieland.

 

[batman1]

An influx of Tiong dirty money. No need to look at Thailand, something similar is happening in Sinkieland.

Ah tiong spoil the market with their dirty money.

 

[laksaboy]

Ah tiong spoil the market with their dirty money.

Not just their dirty money. The way they conduct business. Their mentality. Highly toxic.

 

[k1976]

Singapore Money Laundering Probe Sends Shockwaves Through Thai Markets​

TUESDAY, MARCH 10, 2026

​

• Singaporean authorities are investigating licensed fund manager Capital Asia Investments for large-scale money laundering, freezing over $118 million in assets.
• The probe has caused volatility in Thai markets because the firm holds significant stakes in three Thai-listed companies: Finansia X (FSX), BCPG, and Greentech Ventures (GTV).
• The news triggered a sell-off in the shares of BCPG, one of the affected Thai firms, prompting its CEO to issue a statement reassuring investors of the company's stability.

Authorities freeze $118 million in assets as licensed fund manager Capital Asia Investments is linked to international scams and major stakes in Thai listed firms.


A major joint operation by the Singapore Police Force (SPF) and the Monetary Authority of Singapore (MAS) has targeted a licensed fund management firm, Capital Asia Investments, over allegations of large-scale transnational money laundering.

The probe has caused immediate volatility in Bangkok, where the firm is revealed to hold substantial interests in the energy and financial sectors.



The Raid and Asset Freeze
On March 5, 2026, Singaporean authorities executed a coordinated raid on the firm’s offices, resulting in the arrest of two directors.

In a decisive move to prevent the flight of capital, MAS and the police have frozen bank and securities accounts containing more than $118 million (S$160 million).

The MAS indicated that the investigation was triggered by "serious control deficiencies" in the firm’s Anti-Money Laundering (AML) protocols.

Intelligence provided by the Suspicious Transaction Reporting Office (STRO) suggests that the funds in question are the proceeds of overseas criminal activities, including sophisticated international scams.

 

[k1976]

The Thai Exposure

While the legal battle unfolds in Singapore, the financial fallout has crossed the border. Data from the Stock Exchange of Thailand (SET) confirms that Capital Asia Investments is a significant institutional investor in three Thai-listed entities, with total holdings valued at approximately $10.5 million (373 million baht) as of March 9.



Finansia X (FSX): The firm is currently the largest shareholder in this prominent securities and investment banking group, holding a 24.14% stake valued at approximately $6.1 million.



BCPG: A major clean energy subsidiary of the Bangchak Corporation. The fund holds approximately 21.2 million shares, valued at roughly $3.1 million.



Greentech Ventures (GTV): The firm serves as the second-largest shareholder with an 8.25% stake in this property and energy developer, valued at about $1.2 million.

 

[batman1]

Not just their dirty money. The way they conduct business. Their mentality. Highly toxic.

In Hway Kwang and Ratchda area, almost all restaurants are owned ah tiong.