A Chinese woman wanted by authorities in China over an alleged multi-billion-baht investment fraud has been arrested in Chiang Mai by officers from the Immigration Bureau.
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The suspect, identified only as Ms Zheng, 33, was detained on 28 June after investigators located her at a condominium on the Chiang Mai-Lampang Highway. She is the subject of a Chinese arrest warrant and an Interpol Red Notice linked to an alleged illegal investment scheme that reportedly caused losses exceeding 4.243 billion yuan.
The arrest followed an investigation led by senior Immigration Bureau officers under the direction of Lieutenant General Phanumat Boonyalak, Commissioner of the Immigration Bureau. Officers from Investigation Division 1 of the Immigration Bureau, working with Investigation Division 5 and Chiang Mai Immigration, tracked the suspect to her residence before serving an order revoking her permission to remain in Thailand.
Chinese authorities allege that on 10 February 2025, the Public Security Bureau of Shenzhen, Guangdong Province, filed fraud charges against Ms Zheng, the general manager of Shenzhen Juhang Cloud Storage Technology Co., Ltd. She is accused of working with the company’s legal representative, Bai Chaoshun, to promote an investment scheme involving cloud storage servers.
According to investigators, the company offered contracts for the purchase of cloud storage servers together with service agreements and related contracts, presenting the scheme as a legitimate investment. Investors were promised monthly returns ranging from 4.75% to 5%, allegedly persuading thousands of people across China to invest.
Chinese police claim the scheme raised funds illegally, resulting in losses of more than 4.243 billion yuan and affecting over 4,500 victims. Following her arrest, Ms Zheng was transferred to Investigation Division 3 of the Immigration Bureau, where she will remain in custody pending deportation proceedings.
Thaitabloid reported that The Immigration Bureau said members of the public who have information about foreign nationals suspected of criminal activity can report it to their local immigration office or by calling the Immigration Bureau hotline on 1178.
Pictures courtesy of Thaitabloid
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Adapted by ASEAN Now Thaitabloid 30 June 2026