David Liu, a 71-year-old Singaporean businessman, was arrested at Bangkok’s Suvarnabhumi Airport on June 3 over alleged tax evasion involving more than 5 million baht (S$197,550), according to Thai police.
The Central Investigation Bureau (CIB) posted on Facebook that Liu was detained following a complaint by Thailand’s Revenue Department. He had served as a director at Isentia Monitoring Services from July 1 to October 30, 2015.
Authorities claim the company submitted false value-added tax (VAT) filings, reporting zero sales, purchases, and tax obligations, despite generating revenue. Investigations revealed state losses of approximately 5.24 million baht.
When the Economic Crime Suppression Division (ECD) summoned the company’s directors for questioning, there was no response, prompting suspicions of deliberate evasion.
A warrant was issued by the Phra Khanong Criminal Court, leading to Liu’s arrest at Suvarnabhumi Airport as he prepared to fly back to Singapore.
Liu denied the charges but confirmed that he had held an authorised director position at the company during the relevant period.
If convicted, he faces a fine of up to 200,000 baht and a seven-year prison sentence under Thai tax law.
