Legal
Thai Real Estate Mogul Resigns Amid Money-Laundering Case

One of Thailand's most prominent businessmen has resigned in a case connected to money laundering.
The chairman of Thailand's Land and Houses Pcl, a real estate
firm with interests in banking and the financial sector, has
resigned, the firm has said. Media reports said he stepped down
after being summoned for questioning over land sales tied to an
embezzlement case.
“LH Financial Group Public Company Limited would like to inform
that Mr Anant Asavabhokhin, the chairman, would like to resign as
the chairman and director of LH Financial GroupPublic Company
Limited and Land and Houses Bank Public Company Limited,
effective from May 19, 2017 onwards.
Reuters and other media said he resigned after being
summoned over his alleged involvement with the Klongchan Credit
Union Cooperative, which lost millions of dollars.
Thailand's Department of Special Investigation (DSI), part of the
justice ministry, wants to question Anant about his links to a
land purchase by the former president of the Klongchan credit
union, who is serving a 16-year prison term for embezzlement.
Anant is due to meet the DSI on 7 June.
The DSI investigation is part of a larger case against the
controversial Dhammakaya temple, whose former abbot, Phra
Dhammachayo, is wanted on charges of money-laundering and
enroachment on public land, Reuters reported.