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Bangkok Post
Bangkok Post
National

Cars worth B120m seized from accused gold-fraud couple

Pol Maj Gen Withaya Sriprasertparp, commander of the Consumer Protection Police Division, walks past one of the luxury vehicles impounded on Tuesday. (Photos: Central Investigation Bureau)

Police have impounded luxury vehicles worth about 120 million baht in total owned by two gold retailers who are accused of fraud.

Police said four luxury vehicles were seized at premises in Ram Intra area of Bangkok and at a company in Pathum Thani on Tuesday. 

The seizures were related to the case involving Kornkanok “Mae Tuck” Suwannabut, 37, and her husband Kanpon Rueang-aram, 35, aka Pa Bia.

Customers have complained to police that the couple had sold them impure adornments they were led to believe were pure gold.

Impounded on Tuesday were a Porsche 911 Carrera S Coupe, a Lamborghini, a Ford Mustang Ecoboost Fastback and a Volkswagen Caravelle T69 van. Police also seized two Toyota pickup trucks and five motorcycles. The vehicles had an estimated total value of 50 million baht. 

Police had earlier impounded five other luxury vehicles owned by the couple. The vehicles' combined value was about 120 million baht.

Investigators had also frozen about 24 million baht in cash held in the couple's company bank accounts. Title to nine houses and 16 blocks of land was also being investigated, along with their ownership of luxury watches worth 28.7 million baht.

Ms Kornkanok and Mr Kanpon were arrested on Sept 30.

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