Apple · Meta · Thai Enquirer
Consumer Council Sues Meta, Platforms and Banks Over Online Investment Scams
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Thailand’s Consumer Council has filed a civil lawsuit on behalf of 10 victims against Meta Platforms, other multinational digital platforms and several banks, seeking more than 230 million baht in damages over online investment scams that allegedly exploited their systems to defraud consumers.
Key facts
- The lawsuit was filed at the Civil Court on Ratchadaphisek Road on Monday by the Consumer Council, lawyers and representatives of the victims.
- The Consumer Council previously sought 87 million baht in compensation from Meta in 2024 but said no compensation was provided.
- According to the Consumer Council, the 10 victims were deceived through similar schemes involving fraudulent advertisements promoting stock-trading education and investment opportunities
- One victim involved in the lawsuit reported losses of 1.1 million baht after being persuaded to invest through an online stock-trading group
Summary
The lawsuit was filed at the Civil Court on Ratchadaphisek Road on Monday by the Consumer Council, lawyers and representatives of the victims.
The defendants are divided into two groups: online platform operators, accused of violating consumer rights, and financial institutions, accused of breaching service agreements, deposit contracts and consumer protection obligations.