Three “Bainad” savings accounts were found to have tens of thousands of baht remaining, even though there used to be over 200 million baht in circulation. The person involved only apologized and said he would take full responsibility.
Pol. Lt. Col. Jirawat Phdungtham, Deputy Commander of the Technology Crime Suppression Division (TCSD), acting as the Commander of the TCSD, announced the results of the arrest of Mr. Phromthada or ‘Bai Naad’, director of the Thada Gold jewelry store, a suspect with an arrest warrant for fraud and the Computer Crime Act, in a gold scam that resulted in more than 500 victims and damages of more than 85 million baht.
Following the group of victims who filed a complaint at the Technology Crime Suppression Division (TCSD) on Monday to prosecute the suspects after their behavior was suspected of fraud, yesterday the investigation team went to the Criminal Court to request an arrest warrant for fraud and the Computer Crime Act, and this morning the investigation team made the arres
t.
Pol. Col. Jirawat revealed that from the interrogation, he confessed that before this, Mr. Phromthada worked as an employee at a gold shop in Surat Thani Province and had learned how to buy and sell gold. Until in 2023, he set up his own company with a registered capital of 1 million baht and started live selling products and enticing people to buy with him by offering prices that were about 50 percent lower than the market price. He claimed that he was in the process of setting up a gold factory and would have special privileges for customers who ordered gold to reward his followers on the TikTok social media platform. Whoever came to buy in the fastest time would get cheap gold. At the same time, it was found that he had hired famous influencers to join his live selling, which led to a large number of people believing it, with total damages of over 100 million baht, before stopping sales in 2024 due to changes in gold prices.
Pol. Maj. Gen. Atthasit Sutsongwan, deputy commander of the Technology Crime
Suppression Division, revealed that for the asset inspection at this time, officers have not found any information that there are other valuable assets besides the house, cars, motorcycles, which are still being paid off in installments, and 3 bank accounts, which have only tens of thousands of baht remaining. Therefore, it is necessary to investigate whether the suspect has transferred assets or is involved in money laundering or not, because the examination of the accounts found that there was a circulation of more than 200 million baht. Currently, the information is being sent to the Anti-Money Laundering Office (AMLO) for investigation.
After the interrogation, the police officers took Mr. Phromthada out of the Technology Crime Investigation Division to take him for further interrogation at the Technology Crime Investigation Division 4 before taking him to be detained at Thung Song Hong Police Station. During the detention, Mr. Phromthada told reporters that he apologized to all customers, was ready to t
ake responsibility, and would give a statement in court and answer questions at the same time.
Source: Thai News Agency