Investment scam hits over 1,000 victims
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Victims of the Standard Morgan (Thailand) investment fund scandal have reached 1,311 with reported losses of Bt454 million.
Lawyer Pramarn Luangwatanapanich said yesterday that he has been approached by 1,311 individuals who invested in the company’s fund.
He led over 100 victims to the Department of Special Investigation to demand it to speed up its investigation.
On September 4, the DSI named nine suspects. It found that Standard Morgan (Thailand)’s fund had mobilised about Bt1 billion from July 2012 to last month.
