GEORGE TOWN: Three Malaysians, including a “Datuk”, are wanted by the Thai police after they allegedly cheated some 100,000 people, including Thais, of 20 billion baht (RM2.25bil) through a ponzi scheme.
Thai newspapers have named a company – UFun Store Co Ltd – which allegedly runs the scheme and that the Royal Thai Police are looking for its executive chairman “Datuk Daniel”, 40, and its two directors aged 38 and 42.
The Nation reported that the arrest warrants came following a police raid at the company headquarters in Bang Na district in Bangkok recently.
Four company executives, aged 34 to 40, were arrested on charges of embezzlement, the Thai daily reported.
It also quoted Assistant National Police chief Lt-Gen Suwira Songmetta as saying that police confiscated documents that could be used to link the executives to the scam. Luxury cars, designer handbags and watches were confiscated as well.
On Thursday, police also arrested the company’s accountant while she was in the midst of fleeing to Laos via the Nong Khai border province.
In a video posted on the Utoken Forum page, “Datuk Daniel” claimed that he was now in Kuala Lumpur.
“We have been in the market for more than two years, not a newly set-up company. The company would have been in trouble much earlier if we were really cheaters,” he said.
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