A 39-year-old suspect has been arrested in connection with a nearly Bt90 million stock fraud. The Crime Suppression Division (CSD) announced the arrest of Sirisak on March 23 in Bangkok's Din Daeng district. The suspect is alleged to be part of a scheme that deceived investors with false claims of access to special investment deals and discounted IPO shares.
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From 2013 to 2016, Sirisak supposedly collaborated with former investment adviser Jasmine, previously of Yuanta Securities (Thailand), and two other accomplices. They reportedly employed a tactic called “impersonating clients,” where they claimed ownership of funds transferred to the brokerage company. The funds, however, belonged to other clients led to believe they were investing.
Investigators revealed that Sirisak allegedly used personal email and money transfer apps to assert the funds were his, enabling his withdrawal of nearly Bt90 million. Jasmine was detained and charged in early 2018, but Sirisak evaded arrest for over eight years until his recent capture. Despite acknowledging his identity in the arrest warrant, he denied all accusations during interrogation.
Authorities caution the public about investment offers claiming "special portfolios for premium clients" or "IPO share quotas at below-market prices." They emphasized these enticements do not align with standard investment practices. Investors are advised against transferring funds directly to advisers' personal accounts, as this can vastly increase vulnerability to fraud.
Looking forward, Sirisak has been handed over to Sub-Division 1 of the CSD for further legal actions. This arrest highlights ongoing efforts to combat high-profile financial fraud and protect investors from exploitation. The CSD’s warning serves as a reminder for potential investors to thoroughly vet investment opportunities and remain wary of too-good-to-be-true promises, reported The Nation.
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Adapted by ASEAN Now · The Nation · 24 Mar 2026