Connect with us

News

Emerald Condo alleged fraud case – CEO arrested

Thaiger

Published

 on 

Sawit ‘Mai’ Ketroj arrives at Patong Police Station for questioning this morning

The owner of a condominium project development company has been arrested after the condos were sold but the construction had never started. Police say that their current investigation estimates potential losses for buyers could exceed a billion baht.

Police commanders have ordered officers to investigate after Patong Police reported that many victims have filed reports. Police have arrested Sawit ‘Mai’ Ketroj, the owner of the ‘The Emerald Nirvana Patong-Kalim’. The suspect was being questioned at Patong Police Station today (May 2).

Tourist Police Deputy Commander Maj Gen Surachet Hakpan says, “After the investigation, we requested an arrest warrant from the Phuket Provincial Court for Sawit Ketroj. He was arrested at the Phuket International Airport. He is to face charges in relation to fraud.

“The suspect admitted that he has a lack of financial resources and that the construction can’t commence. There are many other projects that might be in the same situation (with people paying deposits but the construction never commencing). There are more than 300 victims, most of them are foreigners. Embassies have been informed to warn their citizens about the situation. The cost of damages from this case is now estimated at a billion baht.”

“The suspect defrauded victims by asking them to pay deposits and instalments totalling 2,857,551 baht. At the end of February 2016, which was the day to transfer ownership, victims found that there had been no construction.

The project owner never paid back any money. Despite this there are still many advertisements for this condominium, and other projects, via websites and other types of advertisements.”

Read our editorial about the Billion Baht failure of the development company, including more allegations from disgruntled condo buyers, HERE.

Emerald Condo alleged fraud case - CEO arrested | News by Thaiger Emerald Condo alleged fraud case - CEO arrested | News by Thaiger Emerald Condo alleged fraud case - CEO arrested | News by Thaiger Emerald Condo alleged fraud case - CEO arrested | News by Thaiger Emerald Condo alleged fraud case - CEO arrested | News by Thaiger Emerald Condo alleged fraud case - CEO arrested | News by Thaiger

 

 

Get more from The Thaiger

📱 Download our app on Android or iOS
👋 Have your say on our Thailand forums
🔔 Subscribe to our daily email newsletter
📺 Subscribe / Join YouTube for daily shows
👍 Like/Follow us on Facebook
🐦 FOLLOW us on Twitter
📷 FOLLOW us on Instagram

image

Join the conversation and have your say on Thailand news published on The Thaiger.

Thaiger Talk is our new Thaiger Community where you can join the discussion on everything happening in Thailand right now.

Please note that articles are not posted to the forum instantly and can take up to 20 min before being visible. Click for more information and the Thaiger Talk Guidelines.

Click to comment

You must be logged in to post a comment Login

Leave a Reply

collecting news

Follow Thaiger by email:

Bangkok1 hour ago

Bang Sue Station begins 150k vaccine booster shots tomorrow

Thailand2 hours ago

Thailand News Today | Expat “dual pricing” at Thai hospital lawsuit; Patong bars raided | September 23

Economy2 hours ago

PM Prayut announces a 5-point plan for the future economy

Sponsored1 day ago

HOMA is now offering fully-serviced, affordable lifestyle apartments in Phuket Town.

Welcome back to Thailand!

Thaiger is getting behind local businesses for the restart of tourism in Thailand - up to 50% discounts across all advertising packages!

Thailand3 hours ago

Khon Kaen restaurant busted for allegedly serving alcohol

Kanchanaburi4 hours ago

14 Burmese migrant workers arrested for allegedly illegally crossing the border

Chiang Mai5 hours ago

Cyclist unable to take steep hill plunges to his death in Chiang Mai ravine

image
Join the conversation on the Thaiger Talk forums today!
Thailand5 hours ago

Thaiger Bites | The eye of the Thaiger | Ep. 24

Coronavirus (Covid-19)5 hours ago

Thursday Covid Update: 13,256 new cases; provincial totals

Pattaya6 hours ago

Pattaya Man goes looking for food, later found dead in graveyard

Phuket6 hours ago

Minor Phuket entry revision: Covid-19 test within 7 days, not 3

News7 hours ago

Grenade attack kills ranger in Pattani

Pattaya7 hours ago

Reopening Pattaya: Will it happen next week or not?

Thailand8 hours ago

5 police kiosks set on fire in Bangkok, no injuries reported

Pattaya8 hours ago

Pattaya restaurant busted selling alcohol, 15 arrested

Thailand8 hours ago

Decision on Hua Hin Hospital “dual pricing” case set for next week

Morning Top Stories Thailand | Police to end protests, Human Trafficking | September 14 | Thaiger
Thailand1 week ago

Morning Top Stories Thailand | Police to end protests, Human Trafficking | September 14

Thailand7 months ago

Thailand News Today | Thai Airways in rehab, All go for Songkran | March 4

Tourism7 months ago

Phuket’s nightlife. Yes, bars and clubs are still open | VIDEO

Phuket7 months ago

Thailand News Today | Covid passport talks, Thai Airways heads to court | March 2

Tourism7 months ago

Phuket Thai food treats you need to try | VIDEO

Thailand7 months ago

Thailand News Today | Bars, pubs and restaurants ‘sort of’ back to normal | Feb 23

Tourism7 months ago

In search of Cat & Dog Cafés in Phuket Town | VIDEO

Thailand8 months ago

Thailand News Today | Gambling crackdown, Seafood market to reopen, Vlogger challenge | Jan 21

Thailand8 months ago

Thailand News Today | Covid testing for visas, Business impact, Vaccine approval | January 19

Thailand8 months ago

Thailand News Today | Weekend Bangkok bombs, Thailand fires, Covid update | January 18

Thailand8 months ago

Thailand News Today | Stray car on runway, Indonesian quake, 300 baht tourist fee | January 15

Thailand8 months ago

Thailand News Today | Governor off respirator, sex-trafficking arrest, condo prices falling | January 14

Thailand8 months ago

Thailand News Today | Chinese vaccine, Thailand ‘drug hub’, Covid update | January 13

Thailand8 months ago

Thailand News Today | Bangkok may ease restrictions, Phuket bar curfew, Vaccine roll out | January 12

Thailand9 months ago

Thailand News Today | Covid latest, Cockfights closed down, Bryde’s Whale beached | January 11

Trending