The last auction was held Monday at Phuket City Municipality, where the company’s last 15 buses were sold off.

Pawornan Thamanyatanan of the AMLO led the auction, and was joined by other relevant officers.

The buses were valued at about Bt15 million, but sold for a profit at Bt18.47 million.

“All the company’s assets sold out within six months and brought in a combined ‘profit’ of about Bt30mn,” said Pawornan. However, the definition of ‘profit’ remains unclear.

Tranlee was an established, full-function tour service provider in Phuket until July last year when police arrested a senior director and shareholder for allegedly faking two Thai national ID cards used to register the business. The company was also found guilty of offering zero baht tours.