BANGKOK, 27 July 2011-The Department of Export Promotion Director General, Ms. Natawan Sakultanak, has warned Thai exporters not to transfer their money until they receive the products and to study the background of their trading partners before doing a business with then.
According to Ms. Natawan, a criminal gang is said to have operated like a call center and offered victims bogus promotions and return profits. Once the victims were trapped, they would be asked to wire money straight to their account. To make it sound more credible, the gang would ask the victims to register as a legal entity with a bogus organization.
Ms. Natawan has encouraged exporters to mind whom they are dealing with in business. They can verify their identities with the Chamber of Commerce, the embassy and the business alliance. For foreign companies, they are encouraged to contact the Department of International Trade Promotion.
