Pattaya One News
Home » Scam Operation worth up to 800 million baht
Breaking News Crime National News

Scam Operation worth up to 800 million baht

Scam Operation worth up to 800 million baht

A Thai mother-in-law of a Malaysian man has been arrested for her alleged involvement in a scam operation worth up to 800 million baht. She claimed her son-in-law borrowed her bank account.

On May 26, officers from the Economic Crime Suppression Division (ECD) under the Central Investigation Bureau (CIB) arrested Ms. Kulsiria, 49, in front of her residence in Moo 19, Don Kha Subdistrict, U Thong District, Suphan Buri Province. Investigations revealed her connection to a scammer gang.

Ms. Kulsiria was issued an arrest warrant by the Criminal Court on charges of “jointly defrauding the public, jointly committing fraud or deception by bringing false information into a computer system, knowingly using it to commit an offense, and participating in a transnational criminal organization.”

The investigation began after police received reports of a group of fraudsters posting on Facebook, inviting people to invest in foreign stocks through a fake application. They impersonated well-known figures in the stock trading industry to gain credibility and offered high returns as incentives. However, no promised returns were paid, and investors were unable to withdraw their money. A total of 10 victims, who lost over 800 million baht, filed complaints with the ECD.

Authorities later learned that the criminals operated as a syndicate, with Chinese-Malaysian financiers behind the scenes and several Thai accomplices. Evidence was gathered to request court warrants for the arrest of more than 50 people involved, and 20 suspects have been apprehended so far.

Ms. Kulsiria used a domestic bank account in Thailand to receive funds from Malaysians. She denied involvement in the fraudulent scheme but admitted to being the mother-in-law of one of the key Malaysian suspects, who had borrowed her bank account without her knowledge of its intended use.

Related posts

Pattaya One New Thailand, your go-to source for global and local news, alongside effective business advertising opportunities, tailored to the vibrant city of Pattaya.
Translate »