Lao police have issued a search warrant with a reward of LAK 50 million to arrest a Lao businesswoman who is believed to have been involved in fraud and money laundering.
Lao Security News reports that the police are currently looking for 48-year-old Phimpa Luanglath, a resident of Xaysetha District, Vientiane Capital, who was accused of money laundering, defrauding, and counterfeiting checks or saving bonds in 2016.
The warrant was made following a request from the Vientiane People’s Prosecutor Office to the Economic Police Department to arrest the woman in 2021.
Police in Laos have now set a reward of about LAK 50 million (USD 2,908) for information about the whereabouts of the woman to help expedite her arrest. Anyone who has seen her recently can call the police on this number: 020 97892653.
If arrested, the 48-year-old businesswoman is likely to be charged under Article 129 of the criminal procedure law which states that those who print and circulate counterfeit kip, foreign currency, or bring counterfeit money from abroad into the country will face prison time between five to fifteen years with a fine of up to LAK 500 million.
According to law, individuals who commit money laundering worth LAK 1 billion and above will face imprisonment of three to seven years with a fine of up to LAK 500 million.