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Forex fraud probe: Opposition MP among 'wanted' suspects

Forex fraud probe: Opposition MP among 'wanted' suspects

10 Sept 20:57 Key points summarised by AI
  • The Department of Special Investigation (DSI) seeks arrest warrants for 30 individuals, including People’s party MP Pawoot Pongvitayapanu, for alleged involvement in a forex trading fraud scheme.
  • Investigators categorize suspects into trading brokers, customer persuaders, and payment gateway operators, identifying 'Pay Solution' and 'Rennie Corporation' as key financial transfer channels.
  • MP Pawoot is implicated, with DSI claiming 14 payments, each two million baht, were transferred to his account on a single day, contributing to a total of 833 million baht moved via his bank accounts.
  • Pawoot denies involvement, stating he previously testified as a witness and is fully cooperating with the investigation, expressing surprise at reports alleging his participation in fraud and money laundering.
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