Warrants sought in iCon caseLawyer Sittra Biabungkerd, left, and Tankhun Jitt-itsara, centre, show copies of luxury watches and celebrities involved with The iCon Group for alleged public fraud and money laundering, at the Central Investigation Bureau's complaint centre yesterday. Royal Thai PoliceThe Royal Thai Police (RTP) plan to ask a criminal court for arrest warrants against all parties involved in The iCon Group case including its owner after receiving complaints from 161 people who lost about 62 million baht to the suspected pyramid scheme. Pol Col Uthane Nuipin, deputy RTP spokesman, gave an update on the progress of the case yesterday, listing the number of victims and the alleged damages. Yesterday morning, the Consumer Protection Police Division (CPPD) and the Office of the Consumer Protection Board (OCPB) searched the company's premises to gather information. An investigation showed the company's annual revenue reached up to 5 billion baht, despite having only 15 products for sale.

Source: Bangkok Post October 11, 2024 22:36 UTC