Bail denied for Boon Vanasin’s wife and daughter
The Criminal Court has denied bail for the wife and daughter of Boon Vanasin, citing ongoing investigations and concerns about potential evidence tampering and flight risk.
Yesterday at 10am, November 28, the court convened to consider the temporary release request for 79 year old Jaruwan Vanasin and 51 year old Nalin Vanasin, both of whom are accused alongside Boon Vanasin in a case involving public fraud and deceptive fundraising.
Each defendant had offered bail security of 2 million baht.
Both women were brought from the Central Women’s Correctional Institution for the hearing. Their legal representatives and investigators from Huai Khwang Police Station were present for the proceedings.
During the hearing, Nalin Vanasin, Boon’s daughter, testified that she serves as an executive and board member of Thonburi Healthcare Group Public Company Limited (THG), though she owns only 10,000 shares out of over 840 million.
She noted that Boon resigned from the board in 2021 and was unaware of his overseas travels. Nalin, who is married to a foreign national, possesses both Thai and US passports and owns a residence in Spain.
Not involved
In Thailand, she resides separately from Boon in a condominium on Sukhumvit 31/1, visiting her father’s house with her children on weekends. She also revealed experiencing depression. Nalin stated that following the discovery of her forged signature, she reported the incident and affirmed her lack of involvement in her father’s activities.
She assured compliance with any court-imposed conditions if granted bail.
Jaruwan Vanasin, Boon’s ex-wife, testified that they have been divorced since 1998 but continue to live under the same roof, albeit separately. She denied any involvement in the fraudulent investments and disclosed her health issues, including high blood pressure and osteoporosis, requiring regular medical attention.
She also pledged to adhere to all court conditions if released on bail.
Investigators from Huai Khwang Police Station reported that both women delayed contacting relevant authorities, only doing so after arrest warrants were issued. This contrasts with other executives involved, who promptly cooperated before warrants were issued. Some individuals initially questioned as witnesses later became suspects.
The investigation has uncovered several loan and guarantee documents bearing the signatures of Jaruwan and Nalin, which are currently being verified for authenticity. Numerous victims continue to file complaints, with damages exceeding 10 billion baht.
Investigators opposed bail, citing threats against some victims dissuading them from lodging complaints. Given their close ties to Boon, there are fears that Jaruwan and Nalin might conceal assets or destroy evidence.
After concluding witness testimonies, the court scheduled to announce its decision on the bail request at 3pm. By 4.38pm, reports emerged that the court had read the decision to deny temporary release for Jaruwan and Nalin.
Despite claims that the signatures on several documents were forged, the investigation remains incomplete, with substantial financial paths and connections between the suspects still under scrutiny.
The court, acknowledging the severe penalties associated with the charges and the substantial financial damage involved, determined that the risk of flight or interference with evidence justified the denial of bail, reported KhaoSod.
