Lao Authorities confiscate billions of kip worth of assets
VIENTIANE (Vientiane Times/ANN) – Authorities have confiscated property involved in legal cases that is worth many billions of kip, according to a Deputy Prime Minister.
The property includes 58 plots of land, 42 houses and other buildings, 17 guesthouses, a hotel, a warehouse, a market, 157 vehicles, 592 motorbikes, and cash and deposited money, Mr Somdy Duangdy told the National Assembly recently.
These assets have been taken over by the authorities for the purposes of investigation into unlawful activities, although no ruling on the cases has yet been made by the courts.
Souksakhone Vaenkeo
http://annx.asianews.network/content/lao-authorities-confiscate-billions-kip-worth-assets-99797
