Prinya Jaravijit, a Thai citizen and a suspect in defrauding a Finnish investor of $24 Million worth of Bitcoin (BTC), has been detained recently in Suvarnabhumi Airport in Bangkok, reports the Bangkok Post on October 12.
As per the news report, the suspect arrived in Bangkok on a flight coming from the U.S. via South Korea, where Jaravijit allegedly spent two months after the detention of his brother in connection to the same crime.
Soon after the arrest Jaravijit, wanted in the charges of conspiracy to defraud as well as money laundering, was handed over to local police where he was interrogated. His lawyers are reportedly dealing with the bailing process.
According to the Bangkok Post, in January Aarni Otava Saarimaa, a Finnish investor along with his Thai business associate Chonnikan Kaewkasee complained to the Thai Crime Suppression Division (CSD). Through the complain they claimed that Jaravajit with six other suspects tricked them into investing $24 million worth of BTC into a scheme involving three companies and gambling related crypto token Dragon Coin (DRG).
Nevertheless, Saarima and Kaewkasee didn’t receive any dividends from the investment, proof investment in DRG, nor were they receive an invitation to the shareholder’s meeting. CSD claims that the funds were withdrawn from their BTC wallets, then converted into bhat and spent by the suspects.
The case grabbed eyeballs in August, when the soap-opera actor Jiratpisit “Boom” Jaravijit, Prinya’s younger brother was detained.
The Thai Money Laundering Office seized funds worth of $6.4 million from Jaravijit’s family and other family members and people connected to him, in October, and now they are preparing to charge the suspects with fraud.