The Civil Court of Thailand has ruled that assets worth about 77 million baht be returned to lawyer Sittha “Tum” Biabangkerd and his wife, after they were accused of fraud and money laundering. The judgment comes following allegations by Jatuporn “Oil” Ubonlert, a Thai millionaire residing in France, who claimed Sittha swindled millions from her. The court found insufficient evidence to support the accusations, leading to the assets' return.
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Jatuporn accused Sittha of mishandling funds after she entrusted him with legal matters, purportedly paying him 300,000 baht per month. She also engaged in a business venture with Sittha, involving a lottery platform in Thailand, to which she contributed about 71 million baht. When the venture showed no progress and Sittha refused to return the investment, suspicions arose regarding the finance's possible misuse for luxury items.
Sittha denied any malfeasance, asserting the money was a voluntary gift from Jatuporn, which included supporting his children’s overseas education. Despite his defense, Sittha and his wife Patidta were arrested in November 2024 under charges of fraud and money laundering. Subsequently, the Anti-Money Laundering Office (AMLO) seized several assets linked to the couple, intending to forfeit them to the state.
The AMLO sought a court order to retain the seized items, which included properties, savings, and luxury goods. However, yesterday the court dismissed these claims due to a lack of definitive proof of fraud or money laundering. Following the decision, Jatuporn expressed concerns about the ruling and plans to engage in further legal proceedings.
Channel 8 has noted that the public prosecutor still possesses the option to appeal the court’s decision within 30 days. An appeal could potentially result in a temporary freeze of the assets while the case undergoes further review, reported The Thaiger.
Key Takeaways
The Civil Court in Thailand ruled to return 77 million baht in assets to Sittha Biabangkerd.
Jatuporn Ubonlert accused Sittha of fraud but the court found insufficient evidence.
The public prosecutor may appeal within 30 days, potentially freezing assets.
Adapted by ASEAN Now · The Thaiger · 25 Feb 2026
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