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Chinese ‘tourists’ arrested in Phuket for illegally operating foreign exchange online

Chinese ‘tourists’ arrested in Phuket for illegally operating foreign exchange online

PHUKET: Five Chinese nationals have been arrested for illegally operating an online foreign-exchange (“FOREX”) brokerage from a residential housing estate in Phuket.

By The Phuket News

Thursday 21 November 2019, 03:47PM

The arrests were announced by Immigration Bureau Chief Lt Gen Sompong Chingduang at a press conference in Bangkok today (Nov21).

Also present in Bangkok to present news of the arrests today was Phuket Immigration Chief Col Kathathorn Kumthieng.

Acting on a tip-off, Phuket Immigration officers raided a house in the Baan Maneekram – Jomthong Thani housing estate on Kwang Rd, Chalong, at 3pm on Oct 31, Gen Sompong said.

He named the five arrested as one woman, Liu Minglan, 24, and four men: Gao Jiancheng, 34, Bai Xiaoxi, 29, Li Qiang, 26, and Fan Junjie, 24.

All five suspects was taken to Chalong Police Station and charged with working without work permit, Gen Sompong explained.

In carrying out the raid, authorised by a search warrant issued by Phuket Provincial Court, officers seized five laptop computers, 15 mobile phones and trading notes written in Chinese, he added.

During questioning, one of the suspects confessed that the team were working as forex brokers for their employer in China, Gen Sompong said.

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All five suspects had entered Thailand on 60-day tourist visas, Gen Sompong pointed out, but did not elaborate on which dates the five had entered the country.

Three of the five – Gao, Bai, and Ms Liu – were paid 4,000 yuan (more than B17,000) per month and were responsible for trading Chinese yuan and US dollars through the online exchange. Gen Sompong explained.

Li was also paid 4,000 yuan per month and was responsible for inviting people to use their services by advertising on Chinese websites and through messaging apps, he added.

Fan was paid 5,000 yuan (more than B21,000) per month and was responsible for searching for and joining WeChat groups, and adding Li to those groups so he could further promote the scheme, he said.

The team paid B50,000 a month to rent the house, Gen Sompong said.

One of the suspects told officers that conducting currency trading in China is illegal without government approval, so they came to carry out their operation in Thailand, Gen Sompong noted.

However, the report made no mention of any extra charges against the five for operating an unlicenced currency exchange in Thailand or whether the five suspects would be deported.

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Christy Sweet | 22 November 2019 - 18:19:03

Thailand hardly has jurisdiction regarding foreigners working online. 

Kurt | 22 November 2019 - 11:10:54

How about a foreign lady, living retired in Thailand: Is owner of a law firm abroad. She gives daily through internet directives to staff in her law firm in home country. A normal happening all over the world. How sees Thailand that? Is Thailand joining international thinking?

Kurt | 22 November 2019 - 10:53:55

Many people living in residential housing estates do 'internet work', hairdressing of 'friends', etc.,  at home. It is almost 2020, laws of I don't know of how long ago ( time of no internet) are not functional anymore. That is clear. A future discussion is needed. Just that idea of 'stealing jobs' doesn't work anymore.
Think reciprocal. Not xenophobic.

Kurt | 22 November 2019 - 10:28:34

Well, a TM-30 is about a address only. Not about activities. So, national security is not served by a TM-30, as we see in this case.

goldwing | 22 November 2019 - 06:32:15

TM 30 caught these bad guys, yeah right


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