40 and Foreigners Abroad Report iCon Fraud Claims
Photo credit: Wassayos Ngamkham A group of 40 Thais and foreigners living overseas have accused The iCon Group of failing to deliver products for which they paid, resulting in losses…
Bangkok Governor Chadchart Approves Congestion Charge
Bangkok Governor Chadchart Sittipunt has expressed his support for the Transport Ministry’s proposal to introduce a congestion fee for vehicles entering the central streets of Bangkok. The revenue generated from…
Growing Pressure on ‘Pyramid Schemes’
Photo credit by Nutthawat Wichieanbut with courtesy of Bangkok Post Authorities Call for Victims to Report the iCon Group Pyramid Scheme Scandal Authorities are urging individuals who have suffered losses…
Bangkok Bank Reports 6.2% Increase in Profit
Two listed banks, including Bangkok Bank (BBL), have reported positive net profits for the first nine months of 2024, while another two banks saw declines in their profits. BBL, the…
Key iCon Fraud Suspect ‘Boss Paul’ Sentenced to Jail
Photo credit: Wassayos Ngamkham Warathaphon “Boss Paul” Waratyaworrakul, a key suspect in The iCon Group fraud case, has been remanded in custody alongside 17 other suspects after the Criminal Court…
Thai Airways Capital Restructuring Set to Begin
Thai Airways International has submitted a fair value assessment to the Stock Exchange of Thailand in preparation for its upcoming capital restructuring, which will involve a debt-to-equity conversion and the…
B220 Million in Assets Initially Confiscated from iCon Suspects
Photo credit: Pattarapong Chatpattarasill Officials have initially confiscated assets valued at approximately 220 million baht, including 23 luxury cars, from suspects involved in The iCon Group fraud case. Nearly a…
Finance Ministry Aims for Increased Inflation Target Following Rate Cut
The government is still advocating for a higher inflation target that could lead to increased prices, Finance Minister Pichai Chunhavajira stated on Thursday, following the Bank of Thailand’s (BoT) unexpected…
Cabinet to Evaluate Feedback on Casino Proposal
Photo credit: Chanat Katanyu A public hearing regarding the casino-entertainment complex bill has concluded, and feedback will be submitted to the cabinet, as reported by the Fiscal Policy Office (FPO)…
All 18 iCon Suspects Arrested on Fraud Charges
Police have apprehended all 18 suspects linked to the iCon Group fraud case, including the founder and CEO, Warathaphon “Boss Paul” Waratyaworrakul, as confirmed by the Central Investigation Bureau (CIB)…