AMLO Opens Petition for Icon Case Victims to Claim Asset Recovery.

Bangkok: In a recent development, victims of the "The Icon" case have been given an opportunity to reclaim their rights as the Anti-Money Laundering Office (AMLO) has initiated a process for the submission of petitions for asset recovery or compensation. This move comes as part of efforts to address the grievances of those affected by the fraudulent activities associated with The Icon Group Company Limited and its affiliates. According to Thai News Agency, the Department of Special Investigation (DSI) has successfully delivered assets linked to the notorious case, officially designated as special case 119/2567, to AMLO. The case involves The Icon Group Company Limited and 19 other entities, charged with offenses such as public fraud, deception, and the illegal importation of distorted or false data into computer systems. These activities, which also include engaging in fraudulent borrowing and unauthorized direct sales and marketing, are offenses under both the Royal Decree on Fraudulent Borrowing from the P ublic B.E. 2527 and the Direct Sales and Direct Marketing Act B.E. 2545. The announcement by AMLO underscores the agency's commitment to facilitating justice for victims by allowing them to file petitions for asset recovery or compensation. Victims of The Icon case can submit their claims through the AMLO website, www.amlo.go.th, starting from November 20, 2024, until February 17, 2025. This initiative aims to ensure that victims receive due compensation for the damages suffered due to the fraudulent activities undertaken by The Icon Group and its associates. Moreover, AMLO has stated that should further assets be discovered by the Department of Special Investigation, they will be transferred to AMLO for further legal action. These assets will then be considered for distribution back to the victims, following legal proceedings involving the public prosecutor and court judgments.