French Businessman Loses 18 Million Baht in Corporate Hijack

French Businessman Loses 18 Million Baht After Bangkok Law-Firm Takeover Scam

A French national who owned a law-firm in Bangkok suffered losses of 18 million baht after a scammer used falsified documents to modify the company’s registration via the Thai online business registry. The fraudster replaced the legitimate shareholders with themselves, opened a new bank account in the firm’s name, and withdrew 8 million baht before the scheme was uncovered. The victim is now demanding action from Thai authorities and has highlighted weaknesses in corporate-registry security and verification processes. This incident raises concerns over the ease of corporate identity hijacking and the adequacy of oversight in business-registration systems in Thailand. Legal experts are calling for stringent reforms to prevent such exploitation of foreign-owned companies.