Described: 12 Oct 2024 at 05: 54
After receiving concerns from 161 people who lost about 62 million baht to the alleged pyramid scheme, The Royal Thai Police (RTP ) intend to request arrest warrants from the criminal court for all parties involved in the image Group case, including its owner.
Pol Col Uthane Nuipin, assistant RTP official, gave an upgrade on the development of the case on Friday, listing the number of patients and the reported problems.
On Friday morning, the Consumer Protection Police Division ( CPPD ) and the Office of the Consumer Protection Board ( OCPB) searched the company’s premises to gather information. Additionally, they examined 15 items that the business claims to offer.
These items will be sent for analysis by different organizations.
Despite only having 15 products for sale, an investigation revealed that the business had yearly revenues of up to 5 billion baht. Regulators are now looking into whether the sales figures correspond to the company’s reported profits and whether the goods were made available to the general public.
In addition, over 120 bank accounts linked to the company have been forwarded to the Anti-Money Laundering Office ( Amlo ) for further scrutiny.
According to Pol Col. Uthane, the situation was expedited because the federal police commander, Pol Gen. Kitrat Phanphet, had requested that the company’s directors and the parties involved become charged with alleged violations of the Emergency Decree on Fraudulent Borrowing, Fraud, and Money Laundering.
Within 48 hours, the inspection is anticipated to be finished. Most of the property are immovable house, making them easier to return to patients.
Despite of online sales, both strong revenue and direct selling are legitimate. Yet, a pyramid scheme might be a better fit if the emphasis is on raising money and marketing rather than promoting high-quality goods.
The six key members of The image Group have been accused of genital fraud, obtaining loans enticing people lying, inputting false information into a computer program, and laundered money, according to lawyer Sittra Biabungkerd and Tankhun Jitt-itsara on Friday.
According to Mr. Sittra, who had obtained victims ‘ testimony, the company allegedly persuaded people to enroll in online programs that resemble a pyramid pyramid scheme. His complaint targeted Woratphon Waratvorakul, 41, the CEO aka” Boss Paul”, and five other celebrities such as Yuranunt” Sam” Pamornmontri, Kan Kantathavorn and Pechaya” Min” Wattanamontree.
Four victims, according to the attorney, informed him that wealthy people would be able to dine with the CEO. Three invested 250, 000 baht each in the business. One year after their investment, they still had not received any products, said the lawyer. The attorney urged the police to monitor the six people’s financial transactions. He claimed that some of the victims wanted to end their lives.