Thai hospital tycoon Boon Vanasin, who allegedly lured some 7.5 billion baht of investments in fake medical projects, has fled to China, prompting the police to issue a warrant for his arrest.
Police have received some 520 complaints since December last year involving about 247 people, Nopasin Poolsawat, deputy commissioner of the Metropolitan Police Bureau, told the media on Saturday in Bangkok.
The victims believed they were investing in medical businesses in Thailand, Laos and Vietnam, promoted by the founder and former chairman of Thonburi Healthcare Group Pcl.“The fundraising was for all these projects that didn’t exist,” Nopasin said, according to a YouTube livestream by Channel 3 of the press conference.
“The victims believed they would materialise, but two years have passed and they have not seen a single thing happen.”
Boon left Bangkok for Hong Kong on Sept 19 and “we’ve been informed he has left Hong Kong for China,” Nopasin said.
Police have coordinated with Interpol to issue a red notice for Boon to be arrested.
There are nine alleged accomplices, including Boon as “mastermind”, his wife, daughter, two assistants and three brokers, Nopasin said.
In a statement yesterday, Thonburi said it had nothing to do with the five medical projects promoted by Boon.
His spouse and daughter, who currently serve as directors in the company, have surrendered themselves to police for questioning to demonstrate their innocence and have denied the allegations, the company said. — Bloomberg
