Thai police arrest man in connection with gambling and money laundering operation
A shell company was allegedly used to process billions in transactions for the illegal platform HYDRA888.
Thailand.- Thai police have arrested a 26-year-old Malaysian businessman allegedly linked to one of the country’s largest online gambling and money laundering networks. The suspect, Steven Choong Seng Lok, was apprehended at Don Mueang International Airport upon arrival from Kuala Lumpur on Tuesday under a warrant issued by the Nonthaburi Provincial Court.
Choong is accused of operating unauthorised online gambling operation tied to the HYDRA888 platform and conspiring to launder over THB11.52bn (US$352m) in illegal proceeds over one year. Investigators allege that Choong used his company, Sport Planet Warehouse Co, as a shell firm to move funds.
The arrest was coordinated by Immigration Division 2 (ID2) and transferred to the Technology Crime Suppression Division 2 (TCSD 2) for legal proceedings. Police continue to investigate. In June, cyber police claimed to have dismantled another network, FAST24H, operating out of Pattaya.
