iCon Group Scandal: Programmer Accused of Billion-Baht Transfer

[webfact]

File photo

 

In a striking turn of events yesterday, Thai authorities detained 18 executives of The iCon Group, a well-known direct sales company, for an initial 12-day period amid allegations of massive financial misconduct. Among those arrested are high-profile figures, including actor Yuranant Pamornmontri, presenter Kan Kantathavorn, and actress Pechaya Wattanamontri.

 

The case gained traction after a purportedly suspicious financial transaction occurred just an hour before the arrest of Mr. Jiravat Saengphakdi, known as "Coach Lab." It's believed that over 8 billion baht (equivalent to approximately US$247 million) was transferred out of Thailand by the company's programmer, sparking concerns of a significant financial crime.

 

Ekkapop Luengprasert, adviser to Thailand's Interior Minister, highlighted the incident on the Sai Mai Tong Rod community Facebook page, shedding light on the transaction's timing and the involvement of The iCon's key personnel.

As the investigation unfolded, the Department of Special Investigation (DSI) raided two locations associated with The iCon Group. These sites were reportedly used for cloud storage and hosting the company’s website data. Notably, significant amounts of data and equipment were still present at the Thanyaburi server facility, despite reports of some equipment being moved earlier.

 

The scale and nature of the alleged financial transfer have raised eyebrows, prompting authorities to delve deeper into the company's operations. With numerous high-profile executives linked to the scandal, the case has captivated public attention, stirring widespread media coverage and public discourse, reported Thai Newsroom.

 

As of now, Mr. Woratphon Waratvorakul, also known as "Boss Paul," remains in police custody for further questioning. Investigators continue to work diligently in piecing together the intricate details and vast network of transactions associated with this case. The story is far from over as authorities seek to unravel the financial web spun by The iCon Group.

 

-- 2024-10-18

 

 

[OneMoreFarang]

17 minutes ago, webfact said:

These sites were reportedly used for cloud storage and hosting the company’s website data. Notably, significant amounts of data and equipment were still present at the Thanyaburi server facility, despite reports of some equipment being moved earlier.

Just ask the NSA for a copy. 

[ChrisY1]

They're so slow...the cops I mean. Before arrests, shut their banks down.....stealth ain't their forte!

[spidermike007]

That is one whopper of a bank transfer, one wonders how something like that could remain hidden. 

[ronster]

13 hours ago, webfact said:

It's believed that over 8 billion baht (equivalent to approximately US$247 million) was transferred out of Thailand by the company's programmer, sparking concerns of a significant financial crime.

Nothing gets past these cops ! 🙄🙈

[hotchilli]

13 hours ago, webfact said:

The case gained traction after a purportedly suspicious financial transaction occurred just an hour before the arrest of Mr. Jiravat Saengphakdi, known as "Coach Lab." It's believed that over 8 billion baht (equivalent to approximately US$247 million) was transferred out of Thailand by the company's programmer, sparking concerns of a significant financial crime.

Devious people.

[Sorted2024]

A 'cloud' is some other entities computer so its there to be had!

[Gsxrnz]

The only real surprise is he knew how many zeroes are in a billion. One toe to spare. 

[klauskunkel]

16 hours ago, webfact said:

The scale and nature of the alleged financial transfer have raised eyebrows

and induced salivation

[lordgrinz]

6 minutes ago, klauskunkel said:

and induced salivation

....at the RTP, to the victors go the spoils.

[john donson]

8 billion, wow... instantly ? with or without face scan, lol

 

and I wonder if I can send back or not some millions to the home country...

[timendres]

On 10/19/2024 at 5:18 AM, spidermike007 said:

That is one whopper of a bank transfer, one wonders how something like that could remain hidden. 

 

I am sure that a simple "banking fee" helped that along...