9 foreigners suspected in fund scam

WEDNESDAY, SEPTEMBER 04, 2013
9 foreigners suspected in fund scam

The Department of Special Investigation (DSI) plans the arrest warrants for nine foreign individuals involving with Standard Morgan (Thailand), alleged them of operating an illegal investment fund.

 
DSI chief Tarit Pengdith said on Wednesday that DSI is acting on the request by the Securities and Exchange Commission (SEC). 
It is believed that Standard Morgan (Thailand)'s fund has mobilised about Bt1 billion during July 2012 and August 2013 from about 300 investors.