BANGKOK, Thailand – Prime Minister’s Office Minister Jiraporn Sinthuprai has addressed an inquiry into alleged fraudulent business practices involving “The iCon Group” and the search for the individual known as the “NACC Angel.” She confirmed that Prime Minister Paetongtarn Shinawatra has prioritized this case, instructing all relevant agencies to expedite their efforts.
Since October 10, the Royal Thai Police (RTP), in partnership with the Anti-Money Laundering Office (AMLO), has operated a dedicated complaints center, initiating asset seizures and freezes connected to the case. Over 9,000 complaints have been filed, with reported damages exceeding 2 billion baht. Meeting the threshold required, the Department of Special Investigation (DSI) has assumed responsibility for the case, with the Office of the Consumer Protection Board (NACC) providing supporting information.
Minister Jiraporn clarified that the “NACC Angel” term emerged from an audio clip suggesting a possible settlement with victims, and assured the public that the government is thoroughly investigating the matter. Deputy Prime Minister Prasert Chantararuangthong now oversees the case, which is supported by an independent committee to ensure transparency. The committee, comprising representatives from the Office of the Attorney General, AMLO, DSI, and RTP, has a 30-day mandate to complete its investigation. Additionally, two subcommittees have been formed: one to examine the facts and another to review regulatory limitations in direct sales and multi-level marketing practices.
The government is reviewing the Direct Sales and Direct Marketing Act under Minister Jiraporn’s supervision, working closely with other agencies to strengthen legal frameworks. The NACC is also looking into technological solutions to enhance monitoring and enforcement, aiming to prevent similar cases of public fraud in the future.
