By The Nation
The three victims told Lat Phrao police on Saturday that the house they rented had been broken into the night before and valuables and cash worth a combined Bt12 million were stolen.
The Malaysian man, whose name has not been released, was allegedly identified on CCTV camera recordings in the neighbourhood.
He was arrested on Sunday night at Don Mueang Airport about to leave the country, a police source said on Monday.
The source said he confessed to being one of three burglars, but insisted the stolen goods were still in Thailand.
Arrest warrants were being sought for the alleged accomplices.
The three businessmen claimed their security safe was pried open.
Five gold necklaces worth Bt3 million, five gold necklaces with jade pendants worth Bt300,000, 28 Rolex watches worth Bt4.2 million, a Buddha amulet with gold necklace worth Bt5 million, and US$4,000 (Bt120,000) in cash were stolen.
They said they left the house at 7.30pm on Friday for a business meeting and returned to find their house had been burglarised.