Three South Korean citizens have been arrested on suspicion of committing fraud resulting in losses of 159 million baht (approximately US$4.84 million) in Korea before fleeing to Thailand. They will be extradited to South Korea to face charges.
The suspects, identified as Kim, 54, Yang, 60, and Ye Jun, 51, were charged with fraud in South Korea for alleged stock manipulation. They then fled to Thailand to avoid prosecution. Their victims claim to have lost 6 billion won, or about 1.6 billion baht according to the commissioner of the Immigration Bureau.
Police investigations identified the three men as textile industry businessmen in South Korea. They scammed people by presenting false business profits to attract investors to five major companies they had taken control of.
The arrests were made following a request…
