Bangkok:Police raided two condominiums in Sukhumvit 31 and Soi Ratchakru, uncovering 12 designer handbags and 53 pieces of jewelry as part of an ongoing investigation. It was found that approximately 90% of the handbags in the initial batch were counterfeit.
According to Thai News Agency, Pol. Col. Nitichot Penjamras, Deputy Commander of the Economic Crime Suppression Division, provided updates on the "Good Deeds Foundation" case. Officers from the Economic Crime Suppression Division conducted searches at two locations, focusing on assets connected to the case. The seized items include designer handbags and jewelry, which are undergoing verification to confirm their authenticity. Preliminary assessments suggest a high probability that many items are counterfeit, though official confirmation from brand experts is pending.
The investigation aims to trace the origin of these assets, examining financial trails and gathering evidence. Authorities are also scrutinizing the financial records of individuals associated with Boom Panadda, whose name is linked to the registered ownership of the searched condominiums. The police are working to determine the legitimacy of the assets and whether they relate to a 30 million baht financial trail.
Officials continue to inspect the items for authenticity, with the process expected to take about a month. The results will contribute to potential legal actions and decisions regarding the seizure or auctioning of assets. Meanwhile, ongoing inquiries involve questioning individuals linked financially to Boom Panadda, assessing their involvement in potential offenses related to the case.