Four gang members were arrested.
The arrest and seizure of the assets followed a year long investigation and tracking of the gang led by a Malaysian Chinese identified as Chieng Mee, a major international drug traffickers, according to the Office of the Narcotics Control Board (ONCB).
Arrested are Chieng Mee, Tan Han Chiang, and two Thai women Ms Wiphawarat Karndee and Ms. Walaiphan Petchpong.
Chieng Mee is also known under the aliases of Kek Kor, a northern Towkay; and Jimmy and is a Taiwanese national, while Tan Han Chiang is also known as Ah Tan and is a Malaysian national.
Ms Walaiphan Petchpong is also otherwise known as in Chinese name as Jeh Fong or Fong Chia.
The four were arrested Wednesday night.
An initial investigation has uncovered that the syndicate has cash flows exceeding 2.4 billion baht.
Thirty six categories of assets were also seized including Thai baht and other currencies worth 30 million baht, 7 million baht in 17 different bank accounts, 3 homes, 2 automobiles, gold ornaments, jewelry and assorted other valuable items.
Earlier 20 million baht worth of assets belonging to the 2 Malaysian nationals were seized by Thai authorities bringing the current total seizure to 70 million baht.
ONCB officials said that the investigation has uncovered that this syndicate has direct links to the Laotian drug lord Xaysana.
In combination this clearly indicates that the combined operation of both syndicates makes them a major global narcotics powerhouse.
As of the present, authorities are actively seeking information on more than 1,000 other individuals connected to the syndicate so that warrants for their arrest can be issued.
In another development, authorities also revealed that they were in possession of evidence on a well known local celebrity for involvement in narcotics and was waiting for a warrant for his arrest to be issued.
They stated that all the necessary evidence to incriminate the celebrity was in their hands but refused to divulge the identity of the person saying only that the person was well known to the public.