The Department of Special Investigation (DSI), working with partner agencies, has launched a major operation to dismantle a network suspected of soliciting investments and illegally trading foreign exchange (Forex). The operation, named “Shutdown the laundering”, involved coordinated raids at 24 locations across five provinces and resulted in the seizure of assets worth millions of baht, the freezing of more than 77 bank accounts, and the collection of evidence linked to alleged financial crimes.
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The raids were carried out across Bangkok, Nonthaburi, Pathum Thani, Samut Prakan and Samut Sakhon. Investigators seized more than THB65 million in cash, five supercars, gold bars, silver bars, jewellery, brand-name bags, hardware wallets, computers, servers, electronic devices, firearms and key evidential documents.
The operation follows government and prime ministerial policies aimed at suppressing economic crime and preventing financial damage in order to strengthen confidence in Thailand’s economy. Pol Lt Gen Rutthapon Naowarat, Minister of Justice, directed agencies under the ministry to intensify enforcement efforts against financial crime.
The DSI’s Bureau of Illegal Financial Business joined forces with four agencies: the Cyber Crime Investigation Bureau (CCIB), the Central Institute of Forensic Science, the Ministry of Justice and the Bank of Thailand (BOT). Together, they targeted what authorities described as a suspected pyramid scheme and illegal Forex broker network.
Investigators reported significant financial flows connected to the network and said evidence suggests possible links to politicians and well-known figures in the entertainment industry. Authorities have not disclosed further details but confirmed that the investigation is continuing.
Pictures courtesy of The Nation
The operation highlights the authorities’ ongoing efforts to tackle complex financial crime networks and trace assets believed to have been acquired through unlawful activities. The freezing of bank accounts and seizure of high-value assets are expected to support further financial investigations.
The Nation reported that the DSI said it is expanding the inquiry and will provide an official briefing on the case in the coming days. Officials are continuing to analyse evidence gathered during the raids and investigate the suspected involvement of additional individuals.
The DSI has also urged members of the public who believe they were deceived into investing in Forex schemes through uncertified websites, investment applications or promises of high returns that never materialised to contact the department. Victims can file complaints or provide information to assist investigators and follow developments through the DSI’s official channels.
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Adapted by ASEAN Now Nation 18 June 2026