Chinese & Thai Arrested Over ‘Mule Companies’ in Scam Ring

Pictures courtesy of Naewna

Police have arrested a 23-year-old Chinese man and a 43-year-old Thai accountant accused of setting up “mule companies” to launder money for a cross-border scam network linked to the Huione Pay platform. The arrests followed a three-month investigation into a fraudulent investment scheme that defrauded victims of more than 20 million baht.

Cyber Crime Investigation Bureau (CCIB) officers apprehended the Chinese suspect, identified as Zehu, at Suvarnabhumi Airport’s arrivals area in Samut Prakan province, while the Thai accountant, named Saipirun, was arrested outside a company on Ratchadaphisek Road in Bangkok’s Huai Khwang district. Both were detained under warrants issued by the Criminal Court on 15 August 2025.

Police said the suspects face charges of public fraud by impersonation, membership of a criminal organisation, introducing false computer data and money laundering. The arrests are part of a continuing crackdown on the Huione Pay scam ring, which lured victims into investing in fake online applications before funnelling proceeds through proxy companies.

The CCIB earlier arrested three Myanmar nationals linked to the same network in Mae Sot, Tak province, in July, seizing 46 million baht in cash. Investigators later traced funds to two companies set up with falsified registration data. Police said Saipirun admitted she had been hired by Zehu to use Chinese citizens’ personal information to register fake corporate entities and open associated bank accounts.

According to police, she provided the company documents, account credentials and SIM cards used for one-time password (OTP) transactions to Zehu, receiving 5,000 baht for each company she registered. Officers discovered evidence of more than ten such firms being established, with their accounts later transferred to other Chinese syndicate members operating in Bangkok.

Both suspects denied the allegations, but investigators said digital evidence, including chat records, confirmed that Zehu had sent personal data to Saipirun for company registration and account creation. The pair have been handed over to the CCIB’s third sub-division for prosecution, while authorities continue to pursue other members of the network believed to be active across Thailand.

Key Takeaways

• A Chinese man and a Thai accountant were arrested for creating “mule companies” linked to a 20-million-baht investment scam.

• The suspects allegedly registered fake corporate accounts using Chinese nationals’ identities.

• Police are expanding the probe into the Huione Pay network, which spans multiple countries.

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  Adapted  by  Asean  Now from Naewna 2025-11-06