Timepiece

Drug assets go under the hammer

A Porsche Taycan is among luxury items seized from drug traffickers and auctioned off Monday by the Office of the Narcotics Control Board. The car left for 6,580,000 baht. A total of 192 luxury products went under the hammer. (Photo: Chanat Katanyu)

Some 192 items seized from the drug rings, including luxury cars, designer bags and high-end watches, were auctioned on Monday by the Office of the Narcotics Control Board (ONCB).

ONCB Secretary General Wichai Chaimongkhon said that since October last year, 3,386 items worth an estimated 3.2 billion baht had been seized from people linked to drug trafficking.

“Money earned from the auction will be used to help fund further crackdowns on drug trafficking,” he said.

Among the items that went under the hammer were a Porsche Taycan 4s, which sold for 6.58 million baht, a Toyota Vellfire which went for 1.89 million baht and a Chanel handbag , which brought in 176,000 baht.

A Patek Philippe Aquanaut watch went to Somsak Sriratanaprapat, executive chairman of luxury car dealership BRG Group, who offered 1.51 million baht for the watch.

A Porsche Taycan, above, and a Patek Philippe aquanaut wristwatch, left, are among luxury items seized from drug traffickers and auctioned off by the Office of the Narcotics Control Board yesterday The car went for 6,580,000 baht and the watch for 1,510,000 baht. A total of 192 luxury products went under the hammer. photos of Chanat Katanyu

Justice Minister Somsak Thepsuthin said he was confident the rest of the seized goods would fetch 10 billion baht, noting that bids had started at 5 million baht for the Porsche and 300,000 baht for the watch. Patek.

Mr Somsak said that over the past four years, police seized 8,684 items in 112 seizures.

In addition to further crackdowns, proceeds from the auction will also be used to fund drug rehabilitation efforts and reward informants, he said.

Chuwit Phitakpornpanlop, Pheu Thai Party MP for Ubon Ratchathani, was present at the auction to ensure it was conducted seamlessly.