Wednesday, October 29, 2014 - 09:51
Royce Tan
The Star/Asia News Network
BANGKOK - Chinese national Zhang Jian, the self-proclaimed "future richest man in the world", has been arrested in Thailand.
According to Thailand daily The Nation, he was arrested by local police over a pyramid scheme that reportedly duped people in China and Malaysia out of 6 billion bhat (S$235 million) and 3 billion bhat (S$117 million) respectively.
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Police are looking for Thais who may have been caught in the scheme, which was launched in June.
They also seized assets from the three worth 240 million bhat (S$9.4 million) in total.
The daily also reported that Bangkok police arrested Song Miqui, 37, and Wang Wenfang, 29, at a condominium in Pathumwan on Monday and seized cash in various currencies worth nearly 1 million bhat (S$39,000) in total, five Phuket land sale contracts worth 22.3 million bhat (S$874,000) two Phuket land title deeds, Wang's bank account with 1.5 million bhat (S$58,000) in it, and the suspects' Thai ID cards.
Photo Gallery:
Self-proclaimed 'richest man' arrested for cheating many people
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Internet screengrabs, The Star/Asia News Network