Bangkok: DSI continues its investigation into the Icon Ponzi scheme, with additional charges filed against Boss Min, Boss Sam, and 17 other suspects. The case is nearing its conclusion as the Department of Special Investigation (DSI) prepares to issue summonses.
According to Thai News Agency, the "Icon" case, Part 2, is progressing and has been divided into two special cases due to over 2,535 victims, both domestically and internationally, with damages amounting to 686 million baht. The DSI investigation team is set to formally charge the "Icon" bosses with additional offenses including fraud against the public, violations of the Computer Crime Act, Pyramid Scheme Act, and Direct Selling Act.
The Department of Special Investigation, led by Police Lieutenant Colonel Yutthana Praedam, assigned the Non-Systemic Financial Crimes Division to investigate Special Case No. 119/2567 concerning the prosecution of The Icon Group Co., Ltd. and its associates, deemed as the Icon Ponzi scheme. Additionally, Special Case No. 115/2567 is focused on the criminal money laundering activities of The Icon Group. On December 20, 2024, the investigation team agreed to indict all 18 suspects and one legal entity on various charges. However, charges against two suspects, Mr. Yuranan Pamornmontri (Boss Cham) and Ms. Peechaya Wattanamontri (Boss Meen), were dismissed by the Special Prosecutor's Office, leading to their release from detention.
The Special Prosecutor's Office referred the case for further consideration by the DSI to determine if an objection to the dismissal was warranted. On April 6, 2025, the DSI's Director-General decided to indict the two suspects, submitting the case to the Attorney General for a final decision. Recently, the Attorney General ordered their indictment, and the Special Prosecutor's Office is arranging for their appearance to formally file charges, with potential arrest if they fail to appear.
On February 19th, Pol. Lt. Col. Woranan Srilam, DSI spokesperson, disclosed that following the conclusion of Special Cases No. 119/2567 and No. 115/2567, the investigation expanded into two new Special Cases. Special Case No. 17/2568 investigates 30 international victims from 13 countries, with damages of 9.44 million baht. Interviews with 10 victims are complete; one withdrew their complaint, leaving 19 victims pending under the Merchant-Assisted Criminal Procedure Act. Special Case No. 18/2568 involves 2,505 domestic victims with damages of 677 million baht. Victim interviews are complete, and charges against the 19 accused, including The Icon Group and Boss Paul, are being prepared.
The DSI spokesperson emphasized that all victim statements will be reviewed to determine the details of complaints before formally charging the suspects, allowing them to defend themselves.
Further reports indicate that most ICON case suspects remain in custody, except for Mr. Yuranan Bamornmontri and Ms. Peechaya Wattanamontri, who were released in January 2025. However, the Attorney General has now ruled to indict them, prompting the DSI to issue summonses for their appearance in the two additional special cases.