PHUKET: The Criminal Court yesterday (Jan 18) denied bail to a Singaporean held over alleged connections with the Forex-3D Ponzi scheme.
Immigration police arrest Daryl Cai Younghui at Phuket airport on Jan 16. Photo: Achadthaya Chuenniran
Daryl Cai Younghui, 32, a close associate of Apirak Kothi, the founder of the infamous Ponzi scheme, was arrested on Monday at Phuket airport while waiting to catch a flight to his home country.
The Criminal Court issued a warrant for his arrest last November for his alleged involvement in the scheme that caused B2.4 billion of financial damage, reports the Bangkok Post.
Yesterday the Department of Special Investigation (DSI) sought to detain him for 12 days for further questioning and opposed a bail request.
Younghui’s lawyer submitted a request worth B500,000 as he told the court his client agreed to wear a tracking device while on bail.
The court rejected the proposal and deemed him a flight risk.
Younghui was later taken to Bangkok Remand Prison.
Responding to the news, Italian-Thai model Sarah Casinghini, the suspect’s wife, said her husband would prove his innocence.
According to the DSI, Younghui colluded with Apirak in operating the Forex-3D Ponzi scheme in which more than 9,800 people fell prey with damages estimated at B2.5 billion.
Younghui’s arrest followed the couple’s appearance on a talk show on the ONE31 digital TV channel on Jan 11.
Ms Casinghini claimed on the programme that she was not involved in the Forex-3D…
