Bangkok police, according to local media, are looking into an Interpol arrest permit for a billionaire they believe has fled to China as a result of an alleged US$$ 200 million investment fraud.
Boon Vanasin, 86, the former head of Thonburi Healthcare Group ( THG), is alleged to have fled the country in September, according to Bangkok police deputy commissioner Nopasin Poolsawat.
Since last year, around 250 citizens have filed grievances against Boon and his party, alleging they lost a full of US$ 219 million after investing in health projects in Thailand, Laos and Vietnam, Nopasin said.
None of these projects are actually in existence, despite the survivors ‘ belief that they would benefit from them.
” We’re rushing the process to get a red notice from Interpol”, Nopasin told Thai PBS in an interview on Monday.
In 2022, Thailand’s Securities and Exchange Commission fined Boon 2.3 million baht ( US$ 66, 000 ) for misleading investors in 2021 over THG’s ability to procure millions of Pfizer mRNA COVID-19 vaccines.
According to an inspection, THG did not have a deal with Pfizer.
Boon’s ex-wife and girl, who serve as managers to THG, and six others have been arrested and charged with open fraud and money laundering, Nopasin said.
Boon’s wife and daughter “do not have the authority to act on behalf of the Company,” the company stated in a speech released on Monday to the Thai Stock Exchange.
The Company warrants to its owners and traders that it will continue to conduct business in accordance with the rules of good corporate governance and that it will continue to do so.