An actor arrested by Bangkok police for Bitcoin money laundering scheme

An actor arrested by Bangkok police for Bitcoin money laundering scheme
Aug 10, 2018 05:30 PM By: Ben Noble | 8054 Views

According to a local news portal, on 9th August, the Bangkok Police captured a movie actor for staying included in a cryptocurrency money laundering system. Jiratpist Jaravijit, a well-known actor, was arrested during filming for a movie at Main Cineplex Ratchyonthin because of an alleged investment scam of nearly $97 million worth Bitcoin, i.e., 797 million baht.

Onward with the actor, his siblings, and few other investors are involved in the scheme. They are accused of cheating a foreign investor, who is recognized to be a Finnish national, Aarni Otava Saarimaa.

They fooled the foreigner into giving them Bitcoin [BTC]s by insisting that they would provide the complainant shares in a company that has funded in Dragon Coin [DRG]. After the transfer was made through an electronic wallet, the complainant did not accept any of the shares or an invite to be a stockholder for the company. Following which, the Finnish investor filed a criticism at the Crime Suppression Division.

It is noted that the character has assigned all the money to his relatives. The prisoners include businesspeople working at the Stock Exchange of Thailand, the actor’s elder sister and brother. On 26th July, the criminal court issued a warrant to get the actor under the charge of money-laundering. The police have also obtained an order to capture the actor’s elder sister, and the other defendants will later be charged for public fraud.

Nevertheless, through the investigation, the defendants did not answer the queries about the fraudulent company, Dragon Coin. The actor has also outrightly dismissed the all the charges.

Pol Colonel Chakrit stated:

“Jiratpisit transferred about 400 million baht of the money to his siblings, and the money was loaned out with the land as collateral. Officials had impounded assets worth about 200 million baht.”

Recently, Thailand published rules and laws for cryptocurrency and the Thai Securities and Exchange Commission would be in cost of cryptocurrency in the country. The Thai SEC passed seven cryptocurrencies which could be traded as trading pairs. This includes, Bitcoin [BTC], Bitcoin Cash [BCH], Stellar Lumens [XLM], Ethereum Classic [ETC], Ethereum [ETH], Litecoin [LTC] and XRP [XRP].

Furthermore, they also stated that all the organizations involved in cryptocurrencies importantly, ICOs have to list with the commission. The ICOs are required to register the type of token which is being issued and the investment information. Following which, the Thai SEC saw a request for registration from about 50 ICO projects.

#Bangkok police # money laundering #Actor arrested


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