BANGKOK, Sept 4 (TNA) – Thai police have arrested 58
Chinese nationals for alleged manipulation of stocks on Chinese investors using
WeChat application.
The Chinese nationals were using a hotel in Bangkok’s Wang
Thong Lang district for running the stock manipulation racket, Immigration
Bureau chief Pol Lt General Sompong Chingduang said in a press briefing on
Wednesday.
The gang defrauded their compatriots through over 100 WeChat
groups, he said.
The suspects, who were paid 6,000 yuan a month, preyed on
Chinese investors by luring them to buy manipulated stocks, Pol Lt General
Sompong added.
The police raid came after the gang members spent nearly all
their time in their hotel rooms. Over
200 mobile phones, 40 notebook computers and phone conversation manuals in
Chinese have been confiscated.
The Immigration Bureau chief said the suspects who had
entered Thailand on tourist visas were charged with illegally working without
permit, pending visa revocations and deportations.(TNA)
