20-year Taiwanese fraud case resurfaces in Thailand as suspect couple arrested

A high-profile fraud case from Taiwan was reignited in Thailand after the primary culprits had been arrested. The couple, alleged to have escaped from Taiwan over 20 years ago, have been found operating fraudulent activities under new identities. The scandal initially unfolded in early 2000, resulting in a lack of approximately 4 billion baht for over 4,000 traders.
The investigation into the infamous Taiwanese couple started with operational orders from high-ranking officers within the National Police Office. Led by General Damarongsak Kittiprapas and Roy Ingkhirojanakam, international criminals residing in Thailand and conducting unlawful businesses became the predominant focus. This also prolonged to foreigners exhibiting suspicious behaviour while residing in Thailand. These unlawful operations harm the peace, security, lives, and property of people, deteriorating the country’s reputation. International legal gangs hiding in Thailand usually use the nation as a base for committing crimes.
Under the guidance of officers General Pakapong Ghijapan, Lieutenant General Phanthana Nuchnarod, and Lieutenant General Piyathat Totosakulwong, the fraudsters had been arrested. Lieutenant Colonel Pasuk Rattanapornada noticed the couple’s uncommon activities. Itemized , sixty four yr old ‘Golden,’ and his spouse, 57 year outdated Muiky, with their gang of more than 10 folks, had been indulging in fraud and escaping abroad for over 20 years.
Moving ahead, it was found that the couple, initially of Taiwanese nationality, had been hiding in Thailand. They had travelled to Belize, the place they acquired nationality and journey documents, changing their names and surnames to make it difficult to detect their identities and avoid monitoring by officers.
The couple then entered Thailand on July 18, 2018, using documents from Belize. However, Immigration Police have been notified about the couple by the Taipei Economic and Cultural Office. The couple was ultimately captured at a luxury condominium in Bangkok’s Bangna district, KhaoSod reported. This concluded their crime spree after 20 years.
The roots of the fraud trace back to 2000 when the couple and their gang established an investment firm called ‘Richmond,’ under the guise of being a subsidiary of Richmond Bank under the Geneva Europe Corporation. Over 4,000 folks had been swindled, causing losses of round four billion baht when it collapsed.
The operation culminated within the arrest of 861 foreigners overstaying their visas and 764 foreigners hiding in the kingdom illegally. A continuous mission, Thai immigration officers remain vigilant in course of locals and foreigners conducting unlawful activities causing hurt to Thai citizens’ peace, well-being, and prosperity..

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