A French citizen has been arrested on suspicion of fraud and money laundering involving more than 369 million baht.

Patthai Police arrested a French citizen for suspected fraud and money laundering involving more than 369 million baht. The suspect had been hiding in the city for four years, deceiving locals and tourists.

According to Thairath.co.th, the French citizen was apprehended after a long investigation that began in 2018. For four years, he successfully evaded justice by using various pseudonyms and false documents.

During a search of his home, documents confirming his involvement in fraud were discovered. Sources stated that the French citizen had created a scheme to attract residents and tourists for investing in real estate with promises of high returns.

However, the funds were used for personal needs rather than purchasing property. Currently, the suspect is detained at the Patthai police station.

A police spokesperson said that the investigation continues and will be submitted to court for consideration. Official sources reported that further actions would depend on the outcome of the legal proceedings.

The police urged citizens to be vigilant when buying real estate or investing in Pattaya and to seek help from t.me/SEAGroup_Admin in case of suspicious situations.