BANGKOK, Thailand – Police have issued arrest warrants for a prominent 86-year-old doctor, his wife, daughter, and six associates in connection with charges of fraud and money laundering, November 23. Six suspects have been apprehended, while the doctor, reportedly fleeing to China in September, and two others remain at large.
The investigation, led by the Metropolitan Police Division 1, uncovered fraudulent activities involving investments in medical-related businesses. Over 527 victims filed complaints, citing losses totaling approximately 7.5 million baht.
Details of the Scheme
According to police findings, the doctor, a hospital founder, used public media between February 2–4, 2024, to promote five medical investment projects, including cancer care centers and international hospitals. The projects attracted prominent investors and medical professionals.
Participants were lured with promises of high returns through loan agreements backed by checks issued in the doctor’s name, with family members acting as guarantors. Initially, interest payments were made as agreed, but payments soon ceased, and issued checks bounced.
Victims filed complaints with the Huai Khwang Police Station from December 2023 to October 2024, leading to the legal action.
Charges Against the Suspects
The Criminal Court issued warrants on November 22, 2024, with charges including fraud against the public, fraudulent money-lending schemes, persistent fraudulent activities, conspiracy to commit money laundering, and issuing bad checks.
Fugitives and Current Status
While six suspects are now in custody, the renowned doctor, his wife, and daughter are still being pursued. Investigations revealed the doctor departed Thailand on September 29, 2024, for China. Authorities are verifying the locations of the other fugitives.
The Metropolitan Police Bureau is set to hold a press conference at 11:00 a.m. today to provide updates on the case.
This high-profile investigation underscores the importance of due diligence in investment schemes and highlights ongoing efforts by Thai authorities to address financial crimes. (TNA)
