In a bid to more conflict pyramid-like techniques, deputy finance secretary Julapun Amornvivat said on Monday that the government is moving forward with the writing of revisions to close gaps in several related laws.
Mr. Julapun claimed that Prime Minister Paetongtarn Shinawatra had assigned various organizations to review essential rules and handle legal flaws, including the Justice Ministry and the Finance Ministry.
Senators ‘ concerns about the extensive harm the image Group’s direct sales scandal had caused, Mr. Julapun was making his comment.
The incident involves several laws such as the 2002 strong sales and strong marketing laws, the 1984 false product regulation, the 1979 consumer protection law, the 2017 computer crime law, the 1999 anti-money laundering law and the Criminal Code.
Mr Julapun said the suggested amendments, again finalised, had been examined by the Council of State and then submitted to the government for acceptance.
Because the government views the situation as serious, he added, the procedure is likely to get little longer than three months at most. The goal is for government to prosecute group officials at every stage of a pyramid scheme, he said, and sanctions are based on the harm that has been done.
The lieutenant finance minister added that adapting to new scam and pyramid schemes is being considered for possible modifications to the bankruptcy laws and the extension of the statute of limitations in related scenarios.
” Schemes have evolved, and there are several types of them. We had near any gaps. We hope that the proposed revisions will help to reduce different forms of fraud, he said.
No extra charges were filed against the 18 defendants in The image Group on Monday, according to associate federal police captain Pol Lt. Gen Akkaradej Pimolsri.
Authorities are still looking into their economic traces, and he said that arrest warrants for a next group of potential suspects have not yet been sought because information is still being gathered.
Earlier, authorities charged the 18 defendants, including Warathaphon” Boss Paul” Waratyaworrakul and three stars, with common scams and reportedly entering false info into computer techniques.
They face additional costs of money laundering, false loans and unlawful assembly, according to authorities resources.
Police are still working on several audio clips that were discovered on Mr. Warathaphon’s phone, according to Pol Maj Gen. Jaroonkiat Pankaew, deputy commissioner of the Central Investigation Bureau ( CIB ).
Mr. Warathaphon had a number of recordings of discussions reportedly extorting him that were stored on his phone, including those with politicians and activists.