Picture: Daily News

 

Thailand's Cyber Crime Investigation Bureau have busted a half billion baht call center based scam selling bogus investments in fuel stocks.

 

It was "Operation Shutdown Petro Scam".

 

Investigations started at the end of November last year and continued for four months resulting in 15 arrests, Daily News reported.

 

Picture: Daily Newsv

 

Nine Thais were apprehended along with four Chinese people, a Singaporean and a Malaysian.

 

Twenty places were raided in Bangkok, Nonthaburi, Chiang Mai and Chiang Rai.

 

Assets in cash cars and gold worth 30 million baht were seized. 

 

-- © Copyright Thai Visa News 2021-04-02

 

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3 hours ago, webfact said:

Assets in cash cars and gold worth 30 million baht were seized. 

Let's hope that will refund the people that lost money during a 4 month investigation

And how long has this scam been rolling along?

A great deal of thought went into the name of the investigation,

"Operation Shutdown Petro Scam" was chosen after they realised their first choice of

"operation lets catch some baddies" was being used by the RTP

 

 

5 hours ago, webfact said:

Nine Thais were apprehended along with four Chinese people, a Singaporean and a Malaysian.

Speaks volumes... would the Chinese be of the "wealthy variety" that Thailand wants?

Shouldn't it read "9 Thais and 6 other Asians arrested"? Time to distance myself from these other low lifes that appear to make up most of the busted scams here. Nothing to do with "farang", ie foreigners in the accepted sense.

1 hour ago, brewsterbudgen said:

I thought it probably was, but the article didn't seem to relate to petrol at all.

The article is about a fuel investment scam....

25 minutes ago, itsari said:

You are not correct

Actually he is. Gasoline is a petroleum based product if petroleum and gasoline are the same, then gasoline and Vaseline are the same and lng and gasoline are the same and bitumen and gasoline are the same. Ships run on HFO or they did and let me tell ya HFO is almost a solid its nothing like gasoline but it is  petroleum product.

   Gasoline is produced by petroleum is not the same.

   

Great explanation Starky. Apparently, this world is ran by those who produces petroleum/gas the most. 

Some off topic posts and replies bickering about the definition of petrol/petroleum products have been removed.  As stated in the opening line in the OP, this topic is about bogus investments in fuel stocks:

 

Thailand's Cyber Crime Investigation Bureau have busted a half billion baht call center based scam selling bogus investments in fuel stocks.

8 hours ago, webfact said:

Assets in cash cars and gold worth 30 million baht were seized. 

500 million THB scam and only 30 million recovered, they must

have had some very high wage bills.????

regards worgeordie

9 hours ago, webfact said:

Nine Thais were apprehended along with four Chinese people, a Singaporean and a Malaysian.

Reads like the beginning of a good joke:

Nine Thais, four Chinese, a Singaporean, and a Malaysian went to a bar...

51 minutes ago, worgeordie said:

500 million THB scam and only 30 million recovered, they must

have had some very high wage bills.????

regards worgeordie

It must have been a heck of a lot of fun while it lasted.

19 hours ago, Jillie Norman said:

Great explanation Starky. Apparently, this world is ran by those who produces petroleum/gas the most. 

Well I do work offshore in oil and gas ????????

On 4/2/2021 at 10:47 AM, webfact said:

along with four Chinese people, a Singaporean and a Malaysian.

Cyber cops bust 500 million baht "Petro Scam" - six foreigners, nine Thais arrested.....

 

WHY does the 'Thai NEWS' not take the time to distinguish foreigners a bit better?????? If we read: Farang, African, Other Asian, Etc.... WE can understand it was some of 'OUR' people or "OTHERS" as Chinese or African.... Thai press -- Please speak clearly..... Thanks....

30 minutes ago, kensawadee said:

Cyber cops bust 500 million baht "Petro Scam" - six foreigners, nine Thais arrested.....

 

WHY does the 'Thai NEWS' not take the time to distinguish foreigners a bit better?????? If we read: Farang, African, Other Asian, Etc.... WE can understand it was some of 'OUR' people or "OTHERS" as Chinese or African.... Thai press -- Please speak clearly..... Thanks....

PLEASE tell us you're not serious........