Thai cops on the hunt for Malaysian ‘Datuk’ over scams

  • Nation
  • Sunday, 19 Apr 2015

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.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 0
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Courts & Crime , Ufun , ponzi scheme , Datuk Daniel


Next In Nation

Swedish govt committed to combatting Islamophbia, racism, says Na'im
Acknowledge Perikatan’s shadow Cabinet officially in Parliament, says Bersih
Floods: 285 victims still in relief centres in Sabah as of 8pm on Feb 3
TVET should be led by single agency, new policy needs clarity, says FMM
Tawau MMEA foils attempt to smuggle contraband cigarettes
Selangor Umno ready to discuss state polls seat allocations with Pakatan, says Megat Zulkarnain
Over 100 people lose RM4.6mil to online rewards scam
Four lanes at Kota Kemuning toll plaza to be diverted until Feb 13
Parliament ditching neckties make MPs more approachable, says Loke
Govt to continue expansionary fiscal policy to support economic growth, says PM

Others Also Read