THE PAVILIONS PHUKET BRITISH INTERNATIONAL SCHOOL, PHUKET
THE PAVILIONS PHUKET BRITISH INTERNATIONAL SCHOOL, PHUKET Kata Rocks
The Phuket News Novosti Phuket Khao Phuket

Login | Create Account | Search


Businesses conned by lure of Mon megaprojects

Businesses conned by lure of Mon megaprojects

BANGKOK: About 10 business operators testified to the Department of Special Investigation (DSI) in Bangkok yesterday (Oct 9) that they were conned into investing about B300 million in several bogus projects in the Mon State of Myanmar.

crimeMyanmarpoliceconstruction
By Bangkok Post

Tuesday 10 October 2017, 08:44AM


Victims of an investment scam linked to the Mon State of Myanmar wait at the Department of Special Investigation in Bangkok yesterday )Oct 9) to give their statements. Photo: Tawatchai Kemgumnerd

Victims of an investment scam linked to the Mon State of Myanmar wait at the Department of Special Investigation in Bangkok yesterday )Oct 9) to give their statements. Photo: Tawatchai Kemgumnerd

Among the complainants was contractor Mr Chanont, who withheld his family name. He said he and many others were persuaded to invest with Hujjee Group Co. His company was hired for B20 million to complete designs for 78 projects, but was never paid.

Mr Chanont said he invested in Hujjee Group because he was told an investment of B100,000-B200,000 would yield a return of B200-B300 million.

Receiving their complaint, DSI deputy director-general Suriya Singhakamol said the case dated back two years. A Thai woman who said she had a doctoral degree claimed to have received concessions for 78 infrastructure projects in Mon State.

He referred to Supattha Chantararangsri, who claimed to chair Hujjee Group in Sri Racha district of Chonburi, and Kyaw Myint Oo, who claimed to be a member of the Mon royal family who granted the concessions.

According to Maj Suriya, Hujjee Group misled Thai business operators into believing Kyaw Myint Oo had awarded it 78 projects, including a government complex and an airport. Consequently about 100 Thai contractors invested with it. The victims were also persuaded to make donations to a bogus charity foundation in exchange for police-like uniforms supposedly displaying insignia of high rank.

QSI International School Phuket

Maj Suriya said some local reporters had been hired to report the activities of Hujjee Group, and provincial officials had been invited to participate, to boost its credibility.

“All the stories were fake including the claimed registered capital of the company of B500 billion,” the DSI deputy director-general said.

Mrs Supattha and another Thai suspect, Kosin Jina-on, were arrested on Saturday (Oct 7) and the DSI was seeking the arrest of the Myanmar man, who had already fled to his homeland, Maj Suriya said.

Read original story here.

Comment on this story

* Please login to comment. If you do not have an account please register below by simply entering a username, password and email address. You can still leave your comment below at the same time.

CAPTCHA

Jor12 | 12 October 2017 - 12:53:19

Clearly the scammers did a damn fine job, worthy of a PH.D in itself! 

Kurt | 11 October 2017 - 18:19:23

Before you invest in something what looks to nice to be true, do your homework first.
First invest time in analyzing such a business group.

And the thai woman with that doctoral degree. 
Is it a real degree, or one of these you can buy in Bangkok? That would explain.

Pauly44 | 11 October 2017 - 17:27:12

All the greedy faces thinking they're owed something as they were stupid enough to believe they would make 1000% profits on foreign investments, you were not persuaded into anything, nobody held a gun to your head it was your decision, live with it.

 

Have a news tip-off? Click here

 

Phuket community
Phuket water-supply pipeline from Phang Nga approved by Cabinet

The water supply pipe line to Phuket should already have been there. Now we start first a few years ...(Read More)


Phuket water-supply pipeline from Phang Nga approved by Cabinet

It would seem that creating new and enlarging existing reservoirs in Phuket would be much more effic...(Read More)


TripAdvisor blocks 1mn fake reviews

Comical. There's a pricey restaurant here in Kamala that was getting mixed reviews back in the ...(Read More)


Patong bar owner ‘Sia Auan’ gets life for double murder

Petty jealousy and 'little boys' with guns. Life is cheap here....(Read More)


Phuket water-supply pipeline from Phang Nga approved by Cabinet

Looking like more poor planning here...just robbing Peter to pay Paul, while doing little to address...(Read More)


NACC busts school kickbacks

About accused of criminal activities 'school directors/officials', what is happening next? C...(Read More)


Thai Navy seize IUU boat off Phuket

It is remarkable that always the highest thai generals/admirals/Colonels show up at press conference...(Read More)


Pa Khlok powerless as electricity poles collapse

When we witness how deep power poles are placed ( better say: 'shallow') no one wonders anym...(Read More)


Europe trade body wants end to TM30

In the name of National Security! National Security?? Only on Immigration working days from 08:30...(Read More)


Thai Navy seize IUU boat off Phuket

Have a look at OneOcean's 3rd World European Website. It is a Not For Profit Non-Government outf...(Read More)