The Department of Special Investigation (DSI) has sought warrants from the Criminal Court for the arrests of 30 individuals, including People’s party MP Pawoot Pongvitayapanu, for alleged involvement in forex trading fraud.
Informed DSI sources say that investigators have separated the suspects into trading brokers, those responsible of persuading potential customers to invest in forex trading and payment gateway people or businesses, responsible for financial transactions.
The sources say that the DSI has identified ‘Pay Solution’ and ‘Rennie Corporation’ as being the channels through which monies were transferred, adding that two other firms have also been identified by the DSI.
As far as Pawoot is concerned, the DSI claims that fourteen payments, each amounting to two million baht, were transferred to the bank account of Pawoot on July 18, 2024, said the sources, adding that the combined amounts moved via Pawoot’s bank accounts surged to 833 million baht.
In his Facebook post today, the People’s party list MP said that, last week, he testified to DSI investigators in his capacity as a witness, adding that he is fully cooperating with the investigation.
He said he was surprised by reports alleging that he was involved in fraudulent forex trading and money laundering activities. He also said that, since he has been cooperative with the investigators all along, there is no need for him to be arrested.
