uFun Club criminal case report delayed till 15th June
We were anticipating Thai police to finally file a criminal case report sometime today, but unfortunately it’s been announced the report will be delayed.
Citing the complexity and scope of the uFun Club investigation,Thai police are now predicting the report will be submitted to prosecutors on June 15th (two Mondays away).
With multiple regulatory agencies now in involved, Thai police today revealed that the scope of the uFun Club criminal investigation involves ‘13 countries in Africa, Asia, North America, Australia and Europe‘.
The Department of Special Investigation (DSI) is currently tracing 35 financial transactions from Ufun networks to 10 countries between January 2014 and April 28, 2015, said Pol Lt Col Pakorn Sucheevakun, director of the DSI’s Technology and Information Inspection Centre.
Ufun Property (Thailand) Co was found to have carried out most of the transactions. Authorities are now checking the financial transactions of 40 suspects facing arrest warrants.
The examination of the transactions should be completed next week, he said.
What also interesting is that uFun Club is now being referred to as a Malaysian-based scam. That uFun Club has a stronghold in Malaysia has become increasingly evident, with many uFun Club executives and insiders rallying there en masse.
Assistant police chief Suwira Songmetta said on Friday that the scam had been plotted in Malaysia and spread to Australia, Britain, China, France, Germany, Guinea, Indonesia, Laos, Malaysia, Singapore,…
Despite other countries taking the initiative and investigating uFun Club, Malaysian authorities claim they need investor complaints and the Thai report to be filed before they’ll do anything.
uFun Club executives and insiders inside the country meanwhile, remain at large.
The good news is that it’s looking pretty solid that the uFun Club case in Thailand will be designated “transnational status”.
This will increase the penalties uFun Club executive and insiders face, to ‘prison terms ranging from four to 15 years and/or fines from 80,000 to 300,000 baht’ ($2360 to $8853 USD).
And while the fines might seem trivial, the potential prison time certainly isn’t.
justicealwayslate on FB is reporting about investigations into the china ‘marble mining’ and indonesian ‘nickel mining’ companies ufun has purportedly invested in.
it appears china and indonesia are going to actively assist in freezing any assets found.
it also appears that the US has received the formal request of the thai police, regarding runaway general athiwat soonpan.
the US has responded to the thai request:
this following bit is about dato warren eu, if i’m getting the translation correctly.
we know that warren eu is credited as the founder of ufun, and now umatrin.
we know that warren eu was photographed cosying up with nafizzudin, the son of malaysian prime minister najib. we know that nafizuddin referred to warren eu as a ‘common friend’.
we also know that warren eu and umatrin are connected to the royal family of selangor, malaysia.
now it appears that warren eu has been added to the list of suspects in the ufun investigation. in light of warren eu’s ‘connections’ in malaysia, this is a very interesting turn of events:
apologies if i have misunderstood the translations. waiting for english news about all this stuff!!