Picture courtesy of ThaiRath.

 

Police in northeastern Thailand have arrested a Laotian businessman wanted for nine years on fraud charges, apprehending him at a roadside restaurant in Khao Suan Kwang district, Khon Kaen province.

 

The suspect, 46-year-old Mr. Anosid, had been wanted under a Tak Provincial Court warrant for “collaborative fraud,” stemming from alleged investment scams dating back to early 2016. Authorities said the businessman had solicited nearly 500 victims across southern provinces including Yala, Pattani, Narathiwat, and Songkhla, promising returns of up to 54% per month on investments in ventures such as electric trains, cooking oil, energy, and gold. Reported losses amounted to approximately 500 million baht.

 

Additional complaints from Tak province involved more than ten victims, with losses exceeding 10 million baht. Arrest warrants were subsequently issued, but Mr. Anosid evaded capture by frequently changing residences, travel routes and even passport numbers, while often crossing international borders.

 

Police from the Special Investigation Division 1 of Region 4 Headquarters tracked the suspect to an address in Ban Dung district, Udon Thani province, where he reportedly resides with his Thai wife. Officers followed a vehicle believed to be carrying him from Nakhon Ratchasima to Khon Kaen. The arrest took place at a roadside eatery serving grilled chicken and som tam, where he reportedly cooperated with police after being confronted by officers.

 

During initial questioning, Mr. Anosid admitted to having been involved as an investor and adviser for the company in question, and acknowledged public appearances promoting the ventures in southern Thailand. He denied defrauding the public or misappropriating funds and declined to provide further statements at the time of arrest.

 

Authorities confirmed he will be handed over to Tak Police Station for formal legal proceedings.

 

 

  Adapted by Asean Now from ThaiRath 2025-08-30

 

 

 

On 8/30/2025 at 5:20 AM, Georgealbert said:

promising returns of up to 54% per month on investments in ventures such as electric trains, cooking oil, energy, and gold

If the carrot is big enough some will sign-up

There’s pretty much nothing that will bring in an interest rate of 54% annually, leave alone monthly! How anyone could fall for that is a mystery to me!