CIB officers working with officers from the Highway Police Division apprehend the suspect, identified as ‘Mr Natdech’, at an abandoned house in Wichit, the CIB reported.
The exact location of Natdech’s arrest was not reported.
The arrest followed an investigation into complaints filed with the CIB’s Technology Crime Suppression Division, which reported a complex scheme luring victims through a Facebook page promising lucrative investments in Thai and foreign stocks.
To build credibility, the fraudsters allegedly impersonated well-known figures in the stock market and invited victims to join a VIP LINE group.
In the group, members received purportedly “confidential” stock tips and saw initial profits through a fake investment app, which allowed them to withdraw small amounts to build trust.
As victims transferred larger sums, however, their funds became inaccessible.
Investigators estimate that over 50 people fell prey to the scheme, which involved Thai and foreign perpetrators, including some of Malaysian and Chinese descent.
The amount of money circulated among the scammers reportedly exceeded B5 billion.
Following extensive evidence collection, authorities sought and secured arrest warrants for more than 50 individuals involved.
Police tracked Natdech to his location in Phuket, where he was taken into custody. He has been handed over to the Technology Crime Suppression Division for further legal action as investigators work to dismantle the wider network of perpetrators linked to the scam.