Thai authorities arrest five Chinese over fraud charges

[webfact]

Thai authorities arrest five Chinese over fraud charges
The Nation

BANGKOK: -- Five Chinese nationals have been arrested for allegedly defrauding people in China of some Bt410 million in three separate cases, before fleeing to lie low in Thailand.

Pol Lt-General Phanu Kerdlarpphol, commissioner of the Immigration Bureau, said yesterday that three Chinese men - identified as Kao Feng, 35; Kao Yi, 30; and Feung Jieng Juin, 47 - had duped people to invest in real estate. They lodged the estates as security with banks for loans and then ran away to Chiang Mai with the loan money worth Bt250 million.

In the second case, suspect Luo Xia Ping, 44, was arrested at his restaurant at Bangkok's Huai Kwang district on charges of cheating people in China to take out bank loans so they could lend to others at high interest. Police say he then fled with Bt180 million to open a restaurant in Thailand.

The third case involved suspect Ku Ju Ping, 52, who was arrested in Samut Prakan's Bang Phli district, for telling a person in China he would buy the victim's house. He then allegedly sold the house to another person before decamping with the Bt3 million. The five suspects will be sent back to China to face legal action.


-- The Nation 2014-05-07

[NongKhaiKid]

Back to China and the 9mm handshake.

However for about 10 years or so the Chinese authorities don't bill the deceased's relatives for the round used. It's a humanitarian gesture.

[noitom]

International swindlers on the lam and hiding out in Thailand. A popular activity.

[ChrisY1]

Wish the same would happen to some pollies here.....!!

[hidavey]

These are the small ones, the big one sit with "them"....

[kerrysum]

Tell me it isn't so......

kilosierra

[Garry]

I wonder who was the rocket scientist who added up the gross defrauding amount?