Thai Examiner
Forex trading network scam smashed by DSI police. Billions of baht in losses as People’s Party MP denies culpability
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DSI raids at 24 locations have uncovered an alleged forex fraud network tied to luxury assets, crypto wallets and money flows linked to a People’s Party MP and actor Film Rattapoom. More than 500 victims may have lost billions of baht.
Key facts
- DSI raids at 24 locations have uncovered an alleged forex fraud network tied to luxury assets, crypto wallets and money flows linked to a People’s Party MP and actor Film Rattapoom
- DSI examines transfers totalling over 28 million baht into the People’s Party MP account
- Thailand’s Department of Special Investigation has unveiled what could become one of the country’s largest recent forex fraud investigations after a six-month probe led to raids at 24 locations, the freezing of 77 bank accounts and the
- Investigators say more than 500 people have come forward, with potential losses running into billions of baht
- Investigation expands from scam and gambling probes to suspected forex investment network activity
- DSI outlines a three-tier structure linking brokers, recruiters and payment gateway operators
Summary
Thailand’s Department of Special Investigation has unveiled what could become one of the country’s largest recent forex fraud investigations after a six-month probe led to raids at 24 locations, the freezing of 77 bank accounts and the seizure of millions of baht in cash, luxury assets and cryptocurrency holdings. Investigators say more than 500 people have come forward, with potential losses running into billions of baht.
Thailand’s Department of Special Investigation (DSI) on Friday revealed a major crackdown on an alleged forex investment fraud network after a six-month investigation uncovered extensive money flows, luxury assets and links to prominent public figures.