Eating their tails

As the Bangkok Post reports that one of the gangster government’s MPs has had some of his assets frozen, Whale Hunting has another interesting and detailed report.

Of course, the gangster MP is from the party owned by Thammanat Prompao,the Kla Tham Party. “Old news” says the boss, but perhaps Chonnapat Naksua is being sacrificed in order to take some of the heat of those above him in the mafia gang masquerading as a government coalition.

Whale Hunting begins:

New documents reveal how Benjamin Mauerberger and KuCoin illegally seized control of Thai investment bank Finansia X — with help from Thailand’s financial elite. Authorities refuse to act.

New documents reveal how Benjamin Mauerberger and KuCoin illegally seized control of Thai investment bank Finansia X — with help from Thailand’s financial elite. Authorities refuse to act.

Last year, Benjamin Mauerberger, a South African money launderer and central node in a Southeast Asian criminal scam network, boasted to a colleague: “We’ve bought our own investment bank.” Mauerberger’s illegal control of a powerful Thai financial group, Finansia X PCL, should have been a national emergency.

But almost two months after Whale Hunting reported on the Mauerberger network’s illegal takeover of the Thai investment bank and securities company, authorities continue to protect those involved. Mauerberger’s network — which launders billions of dollars from Southeast Asian scam centers — still holds a controlling shareholding in Finansia X, even though Mauerberger himself has fled his Bangkok penthouse for Dubai.

Now, new documents have emerged, revealing the covert takeover plan and dramatically increasing the need for Thai authorities to act.

Read the whole report.