Police nab a woman alleged to have duped 90 million baht from gold investors

An alleged trickster who reportedly cheated about 90 million baht in gold trading from dozens of gullible investors has been arrested by police.

The suspect, 32-year old Ms Ratchuda Thongyam, who lives in Tambon Khu Khod in Lam Lukka district of Pathum Thani, was presented to the media at a press conference held by the Central Investigation Bureau on Friday. She is facing public fraud charge.

Pol Maj-Gen Supaseth Chokechai, commander of technology crime division, said that police had received complaints from about 60 victims who claimed that they put their investments, estimated at about 90 million baht, with Ms Ratchuda who claimed in her Facebook page that she could acquire gold from gold shops at prices far below market prices.

The complainants said they had made biddings for gold, but never received any gold from Ms Ratchuda who reportedly claimed that she could not get hold of her gold suppliers.

The suspect reportedly told the police that she started the gold bidding business since last year and had actually delivered gold to some of her investors.

Gold biddings were held 4-5 times a day on her Facebook page and her investors were supposed to receive their gold 15-20 days after the biddings.