The downfall of a meth syndicate laundering tens of millions of dollars of drug money through Thai gold shops, oil and construction firms has cast rare light on the staggering scale of Asia’s narco profits — and the ruses used to hide them. Myanmar authorities burned drugs worth hundreds of millions of dollars during a destruction ceremony / © AFP Thailand is Southeast Asia’s meth “superhighway”, with drugs from remote Myanmar labs pouring through the border destined for the local market or overseas as far as Australia, New Zealand and Japan. Prices have dropped as the drug labs ramp up production of yaba — the tiny caffeinated pink or green pills guzzled by Southeast Asian truck drivers to clubbers — and the more expensive and highly addictive crystal meth known as “ice”. Millions are hooked on drugs in Thailand, where prisons are stuffed with petty dealers and addicts. But the drug lords remain beyond reach, hidden behind a web of middlemen and complex money laundering schemes. Authorities say they are finally ready to change the game by going after drug money sloshing through Thai banks, construction businesses and cryptocurrency accounts. “We have found an irregular flow in the banks of… Read full this story
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