ENDSI and Suvarnabhumi Immigration Arrest Suspect for Defrauding Over 700 Victims in Standard Morgan Fund upon Arrival in Thailand
published: 4/20/2026 7:11:20 PM updated: 5/8/2026 11:13:08 AM 386 views
TH
DSI and Suvarnabhumi Immigration Arrest Suspect for Defrauding Over 700 Victims in
Standard Morgan Fund upon Arrival in Thailand
On April 19,
2026, at approximately 11:00 p.m., officers from the Surveillance and
Intelligence Investigation Center, in coordination with Immigration Bureau
Division 2, conducted an arrest at Suvarnabhumi Airport in Bang Phli District,
Samut Prakan Province. The arrest was executed under the Criminal
Court Arrest Warrant No. 1495/2556, dated August 30, 2013, on charges of violating the
Securities and Exchange Act, B.E. 2535 (1992), the Emergency Decree on Borrowings Which Are Regarded as Public
Cheating and Fraud, B.E. 2527 (1984), and the
Computer-Related Crime Act, B.E. 2550 (2007); and Criminal Court Arrest Warrant
No. 2736/2566, dated August 28, 2023, on charges of conspiracy by two or more
persons to commit money laundering; transferring, receiving, or converting
assets linked to criminal offences in order to conceal or disguise their origin.
During the process, the arresting officers informed the suspect of the charges
and his rights under the Criminal Procedure Code. The suspect was notified that
audio and video recording would be conducted continuously until his handover to
special case inquiry officials, in compliance with the Prevention and
Suppression of Torture and Enforced Disappearances Act, B.E. 2565 (2022). The
suspect acknowledged and fully understood the proceedings. Consequently, he was
escorted and delivered to the special case inquiry officials of the Bureau of
Financial, Banking, and Money Laundering Crimes for further legal action.
The suspect
is a key figure in Special Case No. 171/2556 and Special Case No. 38/2562. He
is alleged to have conspired with both Thai and foreign accomplices to defraud
the public by soliciting investments in the Standard Morgan Fund, which did not actually exist, by
offering a full return of investment. This led 700 victims to be deceived,
resulting in damages totalling over 660 million baht. The suspect is also
alleged to have transferred assets to other individuals both domestically and
internationally.
The pursuit
of special case investigations in a prompt, continuous, and fair manner is the
core policy of Police Major Yutthana Praedam,
Director-General of the Department of Special Investigation (DSI), with the aim
of building public confidence in special case investigations and maintaining
the credibility and trustworthiness of the DSI in preventing, suppressing, and
investigating cases under its responsibility, so that the agency may be
administered sustainably under the principles of good governance.
DSI and Suvarnabhumi Immigration Arrest Suspect for Defrauding Over 700 Victims in
Standard Morgan Fund upon Arrival in Thailand
On April 19,
2026, at approximately 11:00 p.m., officers from the Surveillance and
Intelligence Investigation Center, in coordination with Immigration Bureau
Division 2, conducted an arrest at Suvarnabhumi Airport in Bang Phli District,
Samut Prakan Province. The arrest was executed under the Criminal
Court Arrest Warrant No. 1495/2556, dated August 30, 2013, on charges of violating the
Securities and Exchange Act, B.E. 2535 (1992), the Emergency Decree on Borrowings Which Are Regarded as Public
Cheating and Fraud, B.E. 2527 (1984), and the
Computer-Related Crime Act, B.E. 2550 (2007); and Criminal Court Arrest Warrant
No. 2736/2566, dated August 28, 2023, on charges of conspiracy by two or more
persons to commit money laundering; transferring, receiving, or converting
assets linked to criminal offences in order to conceal or disguise their origin.
During the process, the arresting officers informed the suspect of the charges
and his rights under the Criminal Procedure Code. The suspect was notified that
audio and video recording would be conducted continuously until his handover to
special case inquiry officials, in compliance with the Prevention and
Suppression of Torture and Enforced Disappearances Act, B.E. 2565 (2022). The
suspect acknowledged and fully understood the proceedings. Consequently, he was
escorted and delivered to the special case inquiry officials of the Bureau of
Financial, Banking, and Money Laundering Crimes for further legal action.
The suspect
is a key figure in Special Case No. 171/2556 and Special Case No. 38/2562. He
is alleged to have conspired with both Thai and foreign accomplices to defraud
the public by soliciting investments in the Standard Morgan Fund, which did not actually exist, by
offering a full return of investment. This led 700 victims to be deceived,
resulting in damages totalling over 660 million baht. The suspect is also
alleged to have transferred assets to other individuals both domestically and
internationally.
The pursuit
of special case investigations in a prompt, continuous, and fair manner is the
core policy of Police Major Yutthana Praedam,
Director-General of the Department of Special Investigation (DSI), with the aim
of building public confidence in special case investigations and maintaining
the credibility and trustworthiness of the DSI in preventing, suppressing, and
investigating cases under its responsibility, so that the agency may be
administered sustainably under the principles of good governance.
