The Information · China · Thai Examiner
Chinese man who embezzled 50 million baht for Bangkok good life lifted on Thursday by Immigration
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Chinese investor Chon Henke’ai, 41, is arrested in a luxury Bangkok condo after fleeing China. He is wanted over a ฿50 million parking investment scheme that ran into liquidity trouble, payment defaults and a criminal investigation.
Key facts
- Parking venture raises more than ฿50 million before liquidity problems halt payments to its investors
- Parking business raises more than ฿50 million before liquidity problems trigger default and investigation
- A Chinese investor wanted over a ฿50 million fundraising scandal in China has been tracked to a luxury Bangkok condominium and arrested
- Chinese investor Chon Henke’ai, 41, is arrested in a luxury Bangkok condo after fleeing China
- A Chinese investor wanted in a ฿50 million fundraising case has been arrested inside a luxury Bangkok condominium
- Chinese embassy leads immigration police to wanted investor hiding in luxury Bangkok condo
Summary
A Chinese investor wanted over a ฿50 million fundraising scandal in China has been tracked to a luxury Bangkok condominium and arrested. Chon Henke’ai, 41, fled to Thailand after his fast-growing parking venture ran into liquidity trouble and defaulted on investor payments. Chinese investigators accuse him of illegally soliciting public deposits and secured an international arrest warrant.
A Chinese investor wanted in a ฿50 million fundraising case has been arrested inside a luxury Bangkok condominium. Chon Henke’ai, 41, had fled China and was living quietly in Huai Khwang. However, his secluded life ended Thursday when Thai immigration police tracked him down.