BeeBaht loan scam network arrested for 400M baht money laundering

MGR Online•Society•8d ago

Reader Briefing

Police arrested the final suspect of a fraudulent loan application network that laundered over 400 million baht for international criminals.

•Police arrested Mr. Surachai at a shopping mall in Bang Khae, Bangkok.
•The suspects used "BeeBaht" and "DD Cash" applications to scam people into paying document fees for loans they never received.
•The network's funds circulated over 400 million baht within one month using 23 bank accounts.
•The criminal group laundered money by purchasing goods, tractors, and gold bars in Thailand for export to Cambodia.

•In mid-2064, the Fiscal Policy Office and four victims reported fraudulent loan services via the BeeBaht and DD Cash applications on Facebook.
•The fraudulent network deceived victims by requiring document fees of 10 percent of the loan amount and subsequent additional transfers.
•Investigation revealed that the criminals used 23 bank accounts with a turnover of over 400 million baht within one month.
•The network converted laundered funds into consumer goods, tractors, and gold bars purchased in Thailand and exported to Cambodia.
•The criminal group utilized servers located in Cambodia to host the fraudulent applications.
•Police issued arrest warrants for 16 individuals, and 15 had been captured prior to the arrest of Mr. Surachai.
•Mr. Surachai was arrested under a court warrant dated August 19, 2022, and another warrant for money laundering.
•Mr. Surachai denied the allegations, claiming he had been hiding in Poipet, Cambodia, and recently re-entered Thailand through a natural border crossing.

Full article content is available on the original source.

Economic Crime Suppression Division(ปอศ.)

The police division responsible for the arrest of the BeeBaht network members.

Lak Song Police Station(สน.หลักสอง)

The investigative unit that provided manpower for the arrest.

Fiscal Policy Office(สำนักงานเศรษฐกิจการคลัง)

The government agency that reported the fraudulent activities to the police in mid-2064.

BeeBaht(บีบาท)

A fraudulent loan application used to scam victims.

DD Cash

A fraudulent loan application used to scam victims.

Nattasak Chaowanasai(ณัฐศักดิ์ เชาวนาศัย)

Commissioner of the Central Investigation Bureau who co-commanded the operation.

Tassaphum Jaruparat(ทัศน์ภูมิ จารุปรัชญ์)

Commander of the Economic Crime Suppression Division who co-commanded the operation.

Krit Worathat(กริช วรทัต)

Superintendent of Subdivision 5, Economic Crime Suppression Division.

Pichayakon Tangrod(พิชญากร แตงรอด)

Inspector of Subdivision 5, Economic Crime Suppression Division.

Surachai(สุรชัย)

The final suspect of the loan scam network arrested in Bangkok.

Cambodia(กัมพูชา)ℹ️

The location of the fraudulent servers and the destination for exported laundered goods.

Bang Khae Nuea(บางแคเหนือ)ℹ️

The sub-district in Bangkok where Mr. Surachai was arrested.

Bang Khae(บางแค)ℹ️

The district in Bangkok where Mr. Surachai was arrested.

Bangkok(กรุงเทพฯ)ℹ️

The city where the arrest of Mr. Surachai took place.

Poipet(ปอยเปต)ℹ️

The city in Cambodia where Mr. Surachai claimed to have been hiding.