ENDSI Arrested Thai Principals in Transnational Ponzi Scheme Gang
published: 15/12/2560 10:22:32 updated: 15/12/2560 10:22:32 3561 views
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DSI Arrested Thai Principals in Transnational Ponzi Scheme Gang
For translating the Ministry of Justice’s policies on special crime prevention and suppression, especially transnational organized crime syndicates, into concrete actions, Pol.Col. Paisit Wongmuang, the DSI’s Director-General, and Pol.Col. Songsak Raksaksakul, the DSI’s Deputy Director-General, assigned Pol.Lt.Col. Paisith Sungkahapong, the Director of the Bureau of Foreign Affairs and Transnational Crime, to be the head of the inquiry team of the special case no.103/2017. The case is the Eagle Gates Group Co., Ltd. and its gang as a transnational organized crime syndicate accused by a number of victims in December 2016 of deceiving the victims to make investment domestically and overseas. As claimed, the victims were deceived to invest in foreign stocks with its return of 3-20 percent a month for each investment package.
Evidence from the investigation revealed that the company neither operated nor obtained a license to do any securities business in Thailand as claimed. In addition, it acted as a transnational organized criminal group by making plans to deceive the victims in Thailand and arranging seminars to persuade the victims in Macau, China, and Malaysia, etc. to make investment. This case caused a marked loss to the national economy and the public.
The DSI requested the Criminal Court to issue the search warrants and arrest warrants against 2 Thais and 8 foreigners on charges of “jointly committing an offence of involvement in the transnational organized crime, jointly taking out loans amounting to public cheating and fraud, and jointly deceiving and cheating the public” pursuant to Section 5 of the Anti-Participation in Transnational Organized Crime Act, B.E.2556 (2013), Section 4 of the Emergency Decree on the Loan of Money Amounting to Public Cheating and Fraud, and Section 343 in conjunction with Section 83 of the Criminal Code.
