The Department of Special Investigation on Friday asked prosecutors to charge a man and his two firms in court for having deceived 2,600 people who have lost their investments totalling over Bt570 million.
Pol Lt-Colonel Phayao Thongsen, director of the division of cases related to non-banking financial businesses and scams, handed over a DSI report in the case against Phudit Kittitharadilok and his two firms to the Special Cases Division 4 of the Office of the Attorney General.
The report and evidence, which has been printed on 82,315 sheets in 266 folders, named Phudit and nine other people as suspects in cheating 2,653 people out of their Bt574 million.
The report named The System Plug and Play Co Ltd that has Phudit and other suspects as the first defendant. The Innovation Holding Co Ltd with Phudit and others as executives was named the second defendant. Phudit as an individual was named the third defendant.
The report accused the three defendants of luring people into five investment packages with a promised 7 per cent return per week for 52 weeks but the promises were not honoured.
Phayao said some 4,000 people were lured to invest in the scam but only 2,653 people came forward to give accounts to the DSI.
He said some of the investors had got their money back.
Phudit is being detained at the Bangkok Remand Prison. The DSI could retain him 24 more days after which he must be either charged in court or freed.