From www.goingconcern.com: Fifty-one Thais and twenty-one Chinese nationals were arrested at an accounting firm in Bang Phli Yai, Thailand, for allegedly registering Thai nationals as owners of businesses to evade foreign ownership laws.

The operation was linked to a Chinese suspect named Lee, who was wanted for extortion and hired the firm to facilitate illegal business registrations.

The investigation revealed the firm was owned by a Chinese woman, Yian Zhao, who coordinated operations from China using Thai employees’ names.