Results 1 to 4 of 4
  1. #1
    Thailand Expat misskit's Avatar
    Join Date
    Dec 2009
    Last Online
    @
    Location
    Chiang Mai
    Posts
    51,167

    Arrest warrants for three top executives of iCon Group

    Three top executives of iCon Group e-commerce firm may be arrested, while celebrities who have promoted the company’s products could also face legal action, after about 200 investors filed complaints with the Consumer Protection Division police, claiming losses of a combined 70 million baht.


    Pol Col Uthen Nuipin, deputy spokesman for the Royal Thai Police, said that he expects the case and the nature of charges against the company and its top executives to become clearer in the next 48 hours.


    Potential charges against the executives include undertaking a type of business other than that officially registered, engaging in business seeking investment capital from the public without providing those who pay with a specific product or service, defrauding the public and violations of the Computer Crime Act, said the police colonel, adding that revenue officials are now checking the company’s books.


    One of the celebrities allegedly involved, Pakorn Chatborirak, has claimed that he was just a presenter of the company’s products on one-year contract. He said that, in 2020, he was hired by the company’s CEO to be a presenter for food supplements for one year.


    After a break of twelve months, he was contracted for another year to promote the company’s coffee brand, he said, adding that he was not employed as an executive of the company.


    Meanwhile, iCon Group CEO Waraphol Waratworakul said in his Facebook post today that the company has set up a centre to address losses allegedly sustained by the investors and will invite some “respectable personalities” to assist in solving investor problems.


    The company has also removed a huge billboard, featuring its five celebrity presenters, from the Rama 9 Road.

    Arrest warrants for three top executives of iCon Group

  2. #2
    Thailand Expat
    david44's Avatar
    Join Date
    Aug 2011
    Last Online
    @
    Location
    Absinthe Without Leave
    Posts
    23,635
    i CON perfect case of nominative determinism

  3. #3
    Thailand Expat misskit's Avatar
    Join Date
    Dec 2009
    Last Online
    @
    Location
    Chiang Mai
    Posts
    51,167
    Medical Council files complaint against executive of iCon Group

    The Medical Council and the Department of Health Services jointly filed a complaint with the Central Investigation Bureau (CIB) today, accusing an executive of the iCon Group e-commerce company of falsely claiming to be a medical doctor on social media.


    Thanakrit Chitarirat, an advisor to the public health minister, told the media that the executive in question, Thananon Hirunchaiwan, graduated with a degree in Medical Technology, not in Medical Science, as he had claimed on social media.


    He also said that public health officials will inspect Thananon’s clinic and health spa in the Ram Inthra and Pratunam areas of Bangkok tomorrow.


    Meanwhile, Air Chief Marshal Dr. Ittaporn Kanacharoen, secretary-general of the Medical Council, said that Thananont’s license to perform medical technological services has already expired, adding that officials will check whether it has been renewed.


    A group of lawyers, led by Sittra Biabungkerd, meanwhile, led several investors to file complaints with the Consumer Protection Division at the CIB, demanding that the police file charges of money laundering and violations of the law on lending and borrowing against top executives of the iCon Group.


    Sittra named the company’s top executives as CEO Waratphol Waratvorakul, Kan Kantathavorn, Yuranunt Pamornmontri, Peechaya Wattanamontree, Thananon Hirunchaiwan and another, only identified as “Boss Peter”.


    He also claimed that there are eyewitnesses who are ready to testify that the company did not engage in the sale of its products online, but in recruiting more people to invest in the company, adding that only the major investors were given the privilege of meeting the CEO and other celebrity “bosses”.


    Sittra alleged that the company was, in fact, engaged in running a Ponzi scheme and not a direct marketing business, as registered with the Consumer Protection Office.

    Medical Council files complaint against executive of iCon Gr

  4. #4
    Thailand Expat misskit's Avatar
    Join Date
    Dec 2009
    Last Online
    @
    Location
    Chiang Mai
    Posts
    51,167
    Court denies bail for 17 iCon executives

    Seventeen executives and core members of the iCon Group were ordered detained last night, after the Criminal Court rejected the bail applications for three of them on the grounds that they may try to interfere with evidence or flee and because their alleged offences are serious and have widespread impacts.


    Former TV host Kan Kantathavorn, former Pheu Thai member Yuranunt Pamornmontri and Peechaya Wattanamontree were the only ones who had applied for bail.


    The male suspects were sent to Bangkok Remand Prison, while the females were sent to the Central Women’s Correctional Institution for a further 12 days, pending more questioning by police from the Central Investigation Bureau (CIB).


    The court approved the extensions of their detention, after which police can seek court approval for additional detention if required by the investigation.


    iCon Group CEO Waratphol Waratvorakul, has not had his detention extended yet, because police are still questioning him. He will, however, be taken to court tomorrow to have his detention extended.


    All 18 suspects have initially been charged with defrauding the public and violations of computer-related crime laws.


    Meanwhile, it is reported that CIB officers have confiscated 23 luxury cars and wristwatches belonging to the executives, which are estimated to have cost over 100 million baht.


    The cars include a Rolls-Royce, a Ferrari, a McLaren, a Porsche, a Bentley and a Mercedes Maybach.

    Court denies bail for 17 iCon executives

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •