The suspect, who ran two trading companies in China and faced legal charges as early as 2015, had entered into white sugar supply contracts between March 2023 and January 2024 without having any stock or fulfillment capability. After swindling buyers out of over 20 million RMB (around 100 million THB), he used the funds to cover personal debts and living expenses before fleeing to Thailand.
The man is currently detained at an immigration detention center and will be repatriated to China to stand trial.
