FIRST FOREIGN INVESTORS -NOW THAI VICTIMS COME FORWARD IN 'TOUCHWOOD' DEBACLE.
|Picture: Khao Sod|
Thai investors claimed they had been defrauded out of 70 million Thai baht by Australian-Sri Lankan citizen Roscoe Maloney and his wife. They were not getting dividends on their investment in agar wood as the company Touchwood did not have the funds.
There were in total some 75 complainants. A very harrassed Lieutenant Chiraset of Thonglor police said he would gather the statements for the DSI.
The 75 Thai complainants now join westerners based in Dubai, Thailand and Hong Kong who have also been scammed in one Maloney’s Ponzi’s.
Maloney of course hopped it quite a while back and a sale of all Touchwood (Thailand) assets is not going to raise any where near the cash invested.
Maloney, left, furthermore has now based himself on Australia's Gold Coast in Southport where he is now the subject of the Australian Securities and Investment Commission.
However this should not be interpreted that ASIC has any teeth.