SINGAPORE – Two 32-year-old Singaporean men who are linked to separate offences were arrested in Thailand over the past week.
According to the Bangkok Post, Daryl Cai Younghui, who is linked to a Ponzi scam involving investment scheme Forex-3D in Thailand, was arrested on Monday at Phuket International Airport as he was about to catch a flight to Singapore.
He is said to have been a close associate of Apirak Kothi, the founder of the scheme that allegedly resulted in losses of 2.4 billion baht (S$96 million) to its victims.
Cai, who had been living in Thailand for 10 years, was reported to have fled to Singapore on Oct 25, 2022, after he was hit with charges in Thailand, which include colluding to obtain loans to defraud, public fraud and putting false information into a computer system.
The director-general of Thailand’s Department of Special Investigation said Cai had been taken from Phuket to Bangkok on Monday, and that it would object to his request for bail as he was a flight risk.
Cai reportedly appeared on a talk show on Jan 11 with his wife, who claimed on the programme that she was not involved in the Forex-3D scheme. She also said Cai had returned to Thailand to try to prove his innocence of any crimes linked to the scheme.
According to the Department of Special Investigation, the scheme involved the use of the website www.forex-3D.com as a channel to lure investment in foreign exchange by offering returns of 60 to 80 per cent.
Meanwhile, another…
