Singaporean suspect denied bail

The Criminal Court on Wednesday denied bail to a Singaporean held over alleged connections with the Forex-3D Ponzi scheme.

Daryl Cai Younghui, 32, a close associate of Apirak Kothi, the founder of the infamous Ponzi scheme, was arrested on Monday at Phuket airport while waiting to catch a flight to his home country.

The Criminal Court issued a warrant for his arrest last November for his alleged involvement in the scheme that caused 2.4 billion baht of financial damage.

The Department of Special Investigation (DSI) on Wednesday sought to detain him for 12 days for further questioning and opposed a bail request.

Mr Younghui’s…