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iCon Group CEO first, maybe only person to face charges

iCon Group CEO first, maybe only person to face charges

13 Sept 13:13 Key points summarised by AI
  • iCon Group CEO Waraphol Waratworakul is the first, and possibly only, individual facing potential charges for defrauding the public under the Lending Act.
  • Authorities conducted raids on nine locations and interviewed Waraphol, other executives, and marketing head Kan Kantathavorn, though no official charges have been filed yet.
  • Over 740 complainants report combined losses of 266 million baht, alleging they were persuaded to invest as product dealers and then pressured to recruit new investors when sales faltered.
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