A Russian man, Mr. Alexey Vegman, 40, has been apprehended in connection with a forex fraud case linked to the death of a Thai woman, Ms. Nawaporn, who committed suicide in 2022. The woman’s relatives suspect that her suicide was prompted by significant losses incurred from convincing others to invest over 20 million baht in foreign currency trading with a particular company. As suspicions mounted, officials began investigating the financial activities of the company in question.
Upon inspection, authorities discovered a staggering turnover of approximately 100 billion baht within just three years. Subsequently, a search order and arrest warrant were sought from the Chonburi Provincial Court for the suspected perpetrator.
On April 4, Pol. Lt. Gen. Jiraphop Phuridej, commander of the Central Investigation Bureau, directed officers from the Economic Crime Suppression Division to apprehend Mr. Vegman at a condominium in Village No. 12, Nong Prue Subdistrict, Bang Lamung District, Chonburi Province. The arrest was made based on the Criminal Court’s warrant, which accused Vegman of jointly operating a supervised payment service business without permission to accept electronic payments.
Simultaneously, authorities conducted searches at Vegman’s residences in Village No. 4, Huai Yai Subdistrict, Bang Lamung District, and Village No. 10, Bang Saray Subdistrict, Sattahip District, Chonburi Province. During the search, they seized various items, including 7 laptop computers, 3 phones, 6 electronic cards, 14 bank accounts, 4 chequebooks, and 9 Secure Pass/Tokens, all of which were linked to the suspect’s forex company.
Vegman is suspected of running the forex company, allegedly using a commercial bank’s bill payment services to receive funds from investor groups registered on the company’s website. However, some investors suffered substantial losses, resulting in significant debts. Despite the accusations, Vegman denies any wrongdoing. He has been taken into custody by the Economic Crime Suppression Division’s investigator for further legal proceedings.
