Thai Stockbroker Indicted In $24 Million Bitcoin Racket Pleads Blamelessness As Victim
A famous stock investor in Thailand, Prasit Srisuwan, has been suspected to be part of a Bitcoin fraud, but he has categorically denied any wrongdoing, and even claims to be a victim of the same. According to reports from Bangkok Post, Prasit informed the public through a press conference that he is a victim of a duplicitous deal, which left an investor from Finland losing approximately 5,564 BTC.
New developments in the ground-breaking incident
Earlier reports indicate that Prasit was incorporated in the investigation that involved workers of three banks in Thailand. The police are investigating why Anti-Money laundering laws were not adhered to, yet the code of practice indicates that any transaction that goes beyond $60,000 has to be reported.
In response to questions during a press conference, Prasit asserted that his role in the transaction Aarni Otava Saarimaa, a citizen of Finland, and DNA 2002 Plc, whose proprietor Prinya Jaravijit is the main suspect, was purely based on brokerage.
Prasit insists that he came to know Saarimaa through Jaravijit, who brokered the transaction for his girlfriend Chnnikan Kaeokasee to participate in the blockchain and virtual asset business in Thailand, which has positive growth prospects.
Prasit claims that Saarimaa, a crypto guru, made up his mind to invest in DNA 2002 Plc, in which Srisuwan would be the broker. However, after Saarimaa paid $24 million worth of BTC for shares in DNA 2002 Plc, Jaravijit did not deliver the shares, thus resulting in him losing credibility and eventually leading to his business taking a beating.
Jaravijit, who is said to be on the run, is supposed to be arrested, though his precise whereabouts are still unknown. Apparently, his siblings are also respondents in the case, since they also partook in the stolen money which came from Jaravijit.
Last year, Prasit decided to engage the assistance of former army captain Thammanat Prompao to settle the disagreement. It was at this time that Jaravijit promised to liver 345 million shares, in addition to his readiness to face the police to answer any questions, after pleading innocence.
However, irrespective of his claims of innocence, the police will not be compassionate with him. This is because he has been mentioned in an incident which has laid bare the restrictions of its technical capability to challenge virtual assets racket. According to the deputy commander of Crime Suppression Division, Chakrit Sawasdee, Jaravijit will be indicted with engaging in fraudulent activities.
Information coming from the office of the CSD indicated that the investigations were previously termed as one of the most difficult incidences of all the crypto related cases that they have investigated before.
This is mainly because it has become very difficult to know the whereabouts of the stolen funds. It is believed that some of the money may still be in the form of virtual assets, meaning that it could be outside the banking system of Thailand. As the investigation goes on, a number of bank accounts have been frozen, with several pieces of land being seized.