Bangkok police apprehended a 57 year old Thai man linked to a sizeable fraud case going back almost ten years. Raveeroj Rithchoteanan, had been previously incarcerated in Angola for his involvement in a significant fraud scheme.
The arrest took place on Sunday at a hotel in Wang Thonglang district, with Raveeroj accused of swindling a businessman out of 22 million baht under the pretence of a non-existent gem project.
Raveeroj reportedly convinced the businessman he was an emissary for an investment group boasting a 200 billion baht portfolio back in 2015, explained Major General Montree Theskhan, the Crime Suppression Division commander. The group was allegedly preparing for a substantial gem project, promising a 1 billion baht return to the businessman if he co-invested.
To convince the businessman, Raveeroj produced a fraudulent guarantee from HSBC and took him on a tour of…
