Suspects in B9bn Ponzi scam nabbed

  |   29 October, 2014   |   797   |   3980

Police have arrested three Chinese suspects accused of masterminding Ponzi schemes worth 9 billion baht in China and Malaysia.

Police chief Somyot Phumphanmuang on Tuesday announced the arrests of Chong Mee Chew, also known by the Thai name of Supachai Rujathorn; Keng Lean Pao, also known as Surin Sophonsukson; and Wang Wen Fan, also known as Pachaowchew Saeyang. They are among 10 suspects allegedly running Ponzi schemes and wanted by Chinese police.

Police also seized banknotes in various currencies worth more than 900,000 baht, five land purchase contracts in Phuket worth 22 million baht, two title deeds for beachfront properties in Phuket's Muang district, a passbook and two fake identification cards.