Dr. Boon Case Unveils Over 500 New Victims in 25 Billion Baht Fraud.

Bangkok: "Thank you" has unveiled further developments in the ongoing "Dr. Boon" case, indicating the emergence of more than 500 victims in a second batch of frauds. The case, involving Dr. Boon Vanasin, founder of Thonburi Healthcare Group Co., Ltd., has resulted in significant financial damage, including a loss of 3 billion baht by a couple involved in a substantial business, leading to severe distress and hospitalization. Victims reportedly face intimidation from brokers threatening to report them to the Revenue Department for tax investigations, deterring them from coming forward. According to Thai News Agency, Mr. Thanakun Jit-Issara, President of the Santi Prachadham Club, stated that the number of victims is expected to rise after December 12, 2024, when a 7% interest payment on loans is due. This date, coupled with previous payment defaults, may prompt more individuals to file complaints. Currently, 247 complaints have been filed, predominantly by victims who issued checks that subsequently bounced. The new group of victims is anticipated to be mostly elderly, with a total estimated damage of 25 billion baht. Mr. Thanakun further explained that many victims are reluctant to provide information due to threats from brokers. One victim, facing damages exceeding 100 million baht, was warned of potential tax investigations if connections to brokers were disclosed. This fear has left many victims hesitant to speak out, compounded by their diminished financial assets. The issue of tax misunderstandings also complicates the case. Mr. Thanakun clarified that investors believed they were engaging in legitimate share investments, underwritten by the old company associated with the hospital. However, the fundraising did not adhere to stock market regulations, leading to confusion and deception among investors about tax liabilities. Despite the reluctance of victims to come forward, Mr. Thanakun assured that the case would not be quietly resolved. Information has been shared with the police to aid in the prosecuti on of those involved. Continuous efforts are underway to expand the investigation, as brokers and investors continue to solicit new participants. The involvement of a broker, who was both a victim and an intermediary, highlights the complex network within this fraud case. Mr. Thanakun noted that a prominent businessman, involved in the case with damages exceeding 3 billion baht, has chosen to remain anonymous. The investigation continues as authorities work to unravel the full extent of the fraud and bring those responsible to justice.