According to authorities, a woman of Thai nationality was detained in Bangkok for allegedly tricking others into making over 100 million baht worth of fake real estate transactions.
The Pattaya court issued a warrant on December 28, 2022, for the suspect’s arrest. The officers who made the arrest on Saturday, September 9th, stated that she was also wanted on 11 other warrants.
The 46-year-old Thai woman, only known as Mrs. Warinnicha or Khun Ao, was charged with conspiring to deceive the public and submitting false information into a computer system, according to the Pattaya court’s warrant. Police noted that although her exact position was unclear, she had been identified as the CEO of the development and company in numerous real estate articles regarding the project.
At a condo in Bangkok’s Rat Burana neighborhood, she was taken into custody.
A number of investment frauds allegedly involving Warinnicha date back to the beginning of 2020, at the height of the COVID-19 outbreak.
She and her associates allegedly took advantage of the economic difficulties that businesses and individuals in the nation typically faced to establish “The Rhine Condominium” by the Wealth Assets Group in Jomtien, Hua Hin, and Cha-am, with the intention of providing the general public with investment opportunities. The suspect also advertised her business by taking payments in a variety of digital currencies and portraying it as an innovative possibility with substantial profits.
However, it later turned out that the promised returns and the real ones were at odds, according to the IDMB. Additionally, according to claims made by the suspect’s company, banks rejected all advance compensation checks, which had a significant impact on a large number of people. According to authorities, the total estimated damages came to close to 100 million baht.
As a result, numerous victims in numerous provinces, including Bangkok, Samut Prakan, and Chonburi, lodged complaints and initiated legal action against the suspect.
Police are currently looking for the suspect’s accomplices, some of whom are reportedly Chinese nationals, while she is currently in arrest. In response to the accusations, Warinnicha did not immediately issue a comment to the media or enter a plea.
Thai police claim that Rhine’s Facebook and Instagram pages have not been updated in more over a year, and their website now links users to a Chinese website concerning wills, depriving investors of their money and forcing them to pursue legal action. As a result, if there are any Rhine representatives, they were unable to be reached for comment on this article.
CREDIT TPN
