Thai police seek S'pore woman for 'share scam' case

BANGKOK: -- Thai police are trying to track down a Singaporean woman for questioning in connection with an alleged case of cheating.

She was said to have duped six Taiwanese women out of about 50 million baht in a share scam, reported The Nation newspaper.

The police said yesterday that Ms Leong Soi-lin, 58, has to turn herself in for questioning, or a warrant of arrest would be issued.

The alleged scam came to light after the victims filed a complaint.

In it, the six women said they had gone to Bangkok to accompany their husbands, who had been posted there.

They met Ms Leong late last year.

THAI AIRPORT SHARES

They said Ms Leong claimed to have insider information that the price of Airports of Thailand shares would increase by at least 2 baht a share early this year.

She allegedly persuaded the six women to hand over between 5m and 10m baht each to buy the shares, pledging a diamond ring as guarantee.

Ms Leong was said to have disappeared after receiving the money.

The six women said they later discovered that she had given them an empty jewellery box.

They alleged that Ms Leong had somehow managed to remove the ring before handing over the box.

The women said in their complaint: 'We were fooled into believing that we should not open the box for inspection because the act might cause bad luck for the share price.'

--Asiaone.com 2005-03-16

The women said in their complaint: 'We were fooled into believing that we should not open the box for inspection because the act might cause bad luck for the share price.'

"Bad luck"?

If I was to invest 5-10 million baht I'd want to look at my security.

What a multicultural mess...

A Singaporean cheats Taiwanese investors in a Thai development.

A fool and his money are soon parted

Why don't I ever meet people like that..............

She was said to have duped six Taiwanese women out of about 50 million baht in a share scam, reported The Nation newspaper.

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She allegedly persuaded the six women to hand over between 5m and 10m baht each to buy the shares, pledging a diamond ring as guarantee.

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Something fishy with this story. Handing over 50 million baht is not so easy as one would think. The weight of those banknotes would be 55kg + even if all notes were Baht 1,000 denomination.

Hard to believe that a 58 y.o. woman took 55kg of moolah from 6 women and legged it before they could verify that the security deposit was nothing but an empty jewel box.

...'We were fooled...

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Nah, "We were fools" - yeah! Greedy ones at that. Som nam naa.