Bangkok: Attorney Kerdphol Kaewkerd has elaborated on the reasons behind the arrest warrant issued for Ms. Raibeena Intachai, commonly known as “Nana Raibeena.” Despite Nana’s seemingly ordinary lifestyle and lack of intent to flee, significant financial implications of the case have influenced the decision to proceed with an arrest warrant without a prior summons.

According to Thai News Agency, Attorney Kerdphol discussed the complexities investigators face when determining the necessity of an arrest warrant. The substantial monetary aspects involved in the case meet the legal requirements for such a warrant, making a summons inappropriate under the Crime Suppression Division’s standards. Issuing a summons in cases involving high damages could potentially compromise evidence or lead to its destruction, thereby prolonging the trial process.

Attorney Kerdphol further mentioned that the preliminary legal evidence categorizes Nana’s actions into four areas, identifying them as part of a pyramid scheme. The scheme relied on deceptive practices, such as using funds from newer victims to pay earlier ones, rather than genuine investments. This cycle of fraud promised unrealistically high returns of about 200% annually, which are not legally attainable by any legitimate business.

Addressing the involvement of Nana’s husband, Attorney Kerdphol noted that his previous claims of ignorance might not absolve him if evidence surfaces showing his participation or encouragement in the fraudulent activities. The potential consequences for such involvement include a maximum penalty of five years imprisonment per offense, with cumulative penalties reaching up to 20 years. The case also involves serious charges of money laundering and fraud.