Six in Eagle Gates fraud case get 20, 50 years in prison
Investment company was front for transnational crime
File photo. Screen grab off Youtube.
The Criminal Court has handed down heavy prison terms for the six prime defendants in a case in which Eagle Gates Group Co Ltd was charged with money-laundering and investment fraud, Department of Special Investigation (DSI) deputy director-general Pol Col Akarapol Punyopashtambha said on Wednesday.
This and other court cases followed a DSI investigation which concluded the company was a front for transnational crime.
Eagle Gates was accused of defrauding 250 clients in Thailand who joined an investment scheme and misappropriating 235 million baht of their assets for its own use.
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