Two more UFUN execs face arrest
The court has issued arrest warrants for Theerat Prateepritnopas, who is a UFUN executive and administrator of the ufunstorethailand.com website, and UFUN events speaker Rattanarat Prasertsri, assistant national police chief Lt-General Suwira Songmetta to
At the press conference, police also presented two video clips. One showed Rattanarat delivering a speech about UFUN’s business model, and the other was UFUN chairman Daniel Tay taking business partners to an Indonesian nickel mine.
UFUN reportedly told people that it planned to invest in this mine, which is worth US$19.2 billion (Bt547.5 billion), and that the investment would yield $600 billion in profits in seven years. Suwira urged damaged persons to file a compliant at police stations in their area, though a complaint-gathering centre for the UFUN case was already closed.
Colonel Priya Waseso, police attache with the Indonesian Embassy in Bangkok, said his country was willing to cooperate with Thai police and would encourage those affected in Indonesia to file complaints against UFUN.
As for the Indonesian company accused of having links with the UFUN, he said if investigation showed that Thai victims’ money had been laundered by this company for UFUN, then these funds would be frozen and returned to Thailand. However, he said, police have not been able to find any such company in the computer database
