BANGKOK, Thailand – Authorities are investigating The iCon Group, an online business and health supplement company, after receiving 250 complaints of alleged fraudulent activities, with reported damages estimated at 95 million baht. According to Prime Minister’s Office Minister Jiraporn Sinthuprai, representatives from the Royal Thai Police (RTP), Department of Special Investigation (DSI), Anti-Money Laundering Office (AMLO), and the Office of the Consumer Protection Board (OCPB) met on Oct 11 to discuss the issue.
RTP Commissioner-General Pol Gen Kitrat Phanphet has established a complaint center to handle the case. Authorities are evaluating whether the company engaged in fraudulent investment schemes or breached the Computer Crimes Act. The Anti-Money Laundering Office has been instructed to monitor and freeze assets if any suspicious financial movements are detected. The police stated that the investigation could be concluded within a week, but additional details may surface and prolong the case.
Officials are also assessing if the case meets the criteria for transfer to the DSI, which requires a minimum of 300 affected individuals and damages of at least 100 million baht. While it is close to reaching these thresholds, the RTP currently leads the investigation, with support from agencies such as the Food and Drug Administration and the Fiscal Policy Office.
The OCBP will summon representatives of The iCon Group and associated influencers for questioning on October 16. (NNT)
