R7bn medical scam: Thai authorities move to seize 86-year-old tycoon's assets

Thailand moves to seize tycoon’s assets in US$350 million scam

Boon Vanasin, the founder of Thonburi Healthcare, is wanted on charges of fraud and money laundering after allegedly misleading hundreds of investors.

R7bn medical scam: Thai authorities move to seize 86-year-old tycoon's assets

Boon Vanasin, or "Dr Boon", the 86-year-old founder of Thonburi Healthcare Group, is wanted on multiple charges after allegedly misleading hundreds of victims into investing nearly R7 billion in medical projects that did not exist.

Thailand moves to seize tycoon’s assets in 12 billion baht scam

THAI authorities have begun seizing the assets of a hospital tycoon who fled the country after allegedly luring more than 12 billion baht (S$478 million) into fake medical projects from hundreds of investors.