Couple Arrested in Songkhla for 800M Baht Investment Scams

Authorities in Thailand have apprehended a Malaysian man and his Thai wife for their alleged involvement in a series of fraudulent investment schemes that inflicted financial damage amounting to 800 million baht. The arrests mark a significant step in dismantling a sophisticated scam network operating across Southeast Asia.

The Central Investigation Bureau (CIB) confirmed the detention of 38-year-old Lim Chin and his wife, Saowalak, as they attempted to cross the border from Malaysia into Songkhlas Sadao district. The arrest occurred at a border checkpoint along Kanchanawanit Road following an investigation triggered by multiple complaints from victims.

The fraudulent schemes were reportedly promoted via Facebook, featuring images of prominent securities experts to establish credibility. Victims were encouraged to invest using fake mobile applications named “Nicshare” and “ComonApps.” Initially, participants received returns, which built trust and attracted further investment. However, payments eventually stopped, leaving investors with substantial losses.

According to the CIB, over 50 individuals have come forward as victims, collectively losing around 800 million baht to the scams. Investigators revealed that the criminal network, comprising both Thai and foreign members, managed financial transactions totalling approximately 5 billion baht.

Authorities described the Malaysian suspect as a leading figure within the operation. He, along with his wife, played a pivotal role in establishing companies used to create mule bank accounts. These accounts were then sold to criminal organisations across Southeast Asia. The accounts facilitated a variety of illicit activities, including call centre scams and online gambling.

The investigation has led to the issuance of arrest warrants for approximately 50 individuals believed to be part of this extensive scam network. Over the past months, the CIB has intensified efforts to track down these suspects and dismantle the operation.