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Friday, March 29, 2024

Taiwanese suspect in B23bn stock scam arrested

Conspirators used false reports to drive up share price of pharmaceutical firm and dupe investors

An immigration police officer shows a chart detailing the arrest of a 61-year-old suspect wanted by Taiwanese authorities for fraud and stock manipulation that caused 23 billion baht in damage. (Photo: Police TV)

A Taiwanese man wanted by his country in connection with a major stock manipulation case that caused damages worth 23 billion baht has been arrested in Bangkok.

Tony Huang, 61, entered the country using a Vanuatu passport on Feb 5, 2021. He had a Thailand Privilege Card visa and was staying at a luxury condominium in the Pratunam area of Bangkok when he was arrested, the Immigration Bureau said…

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