Sitthichai Chueathai Arrested in Samut Prakan Investment Scam
Cyber police in Thailand have arrested Sitthichai Chueathai, secretary to the Samut Prakan Provincial Administrative Organization (PAO) chief, in connection with an alleged online investment fraud network.
The operation, led by Pol. Lt. Gen. Surapol Prembutr of the Cyber Crime Investigation Bureau, involved over 40 Anti-Money Laundering Office officials and warrants issued by the Samut Prakan and Rayong Provincial Courts. Five locations were raided across Samut Prakan Province, including a luxury condominium in Bang Phli District.
Police allege Sitthichai committed offenses related to supporting public fraud through impersonation and uploading false or distorted computer data. Items seized during raids included a laptop, five mobile phones, a portable hard drive, two cars, a company stamp for BB Venture Co., Ltd., and 41 bank passbooks.
Investigators also searched two company locations linked to the suspect:
BB Trading and Procurement Co., Ltd., a construction contracting business
BB Investing Co., Ltd., a foreign currency exchange-related business
Sitthichai served as director and shareholder in both companies. While he claims to have only engaged in digital coin trading and denied connections to scam groups, police noted multiple complaints in the online reporting system linking his personal and corporate accounts to investment fraud and stock trading scams.
Authorities are allowing the suspect to provide evidence to explain transactions and plan to coordinate with the PAO to determine next steps.
