A Chinese man and his Thai girlfriend have been arrested in Bangkok for allegedly running an illegal yuan exchange service that processed around 26 million baht over six months. Police say the couple, identified as Zheng, 28, and Kittiyaphorn, 30, operated from a three-storey townhome in Chom Thong district and targeted importers of Chinese goods and technology-related offenders. They were detained on Wednesday 24 June 2026, by economic crime suppression officers. Get today's headlines by email According to Pol Col Krit Woratat, the service was promoted through Kittiyaphorn’s Facebook page, which had around 9,800 followers. The couple posted images of cash bundles to build credibility and issued QR codes for clients to transfer Thai baht into their accounts. Zheng supplied the yuan via Alipay while Kittiyaphorn managed customer transactions and bank accounts. Investigators said Kittiyaphorn set daily yuan exchange rates levels to generate profit. She also opened multiple bank accounts to receive funds from clients, while Zheng coordinated the transfer of yuan to buyers. Police seized two mobile phones and four bank passbooks during the arrest. Authorities reported that the couple handled transactions worth approximately 26 million baht in total over a six-month period. Of 219 bank accounts linked to their activity, nine were connected to technology-related crime, with combined transactions of about 1.1 million baht. Police said most clients were importers dealing in Chinese products, both individuals and companies. Manager Online reported that Pol Col Krit said the case highlights the use of social media platforms and informal banking channels to bypass regulated currency exchange systems. Officers are now examining the full extent of the financial network linked to the suspects and any possible cross-border connections. Pictures courtesy of MGR Join the discussion? Already a member? Adapted by ASEAN Now MGRonline 26 June 2026
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