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American Fugitive Arrested in Pattaya for Allegedly Running Illegal Property Business


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On March 15th, 2024, a 58-year-old American national was arrested in front of a Jomtien hospital in Pattaya for alleged involvement in an illegal property trading business.

 

The suspect, identified only as Mr. David, has been charged with violating the Foreign Business Act for acting as an executive director of a company involved in illegal land plot transactions.

 

According to the Department of Special Investigation (DSI), the suspect and his accomplices, Mr. Marcus (British) and Mr. Paul (American), surnames withheld, had opened a law firm in both Surat Thani and Phuket provinces and then hired a Thai citizen to establish various other companies. These companies were then used to acquire stakes in businesses across Surat Thani and Phuket, which allowed them to hold land plots in the two provinces, with a Thai employee holding a majority ownership level.

 

By Aim Tanakorn

Caption: PHOTO: Naewna

 

Full story: The Pattaya News 2024-03-18

 

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