Chinese ‘Scam Kingpin’ Arrested in Thailand Over Alleged 7 Million Yuan Fundraising Scheme
Chinese ‘Scam Kingpin’ Arrested in Thailand Over Alleged 7 Million Yuan Fundraising Scheme
BANGKOK, October 27, 2026 — Thai immigration police have arrested a 40-year-old Chinese national wanted by authorities in China over an alleged illegal fundraising scheme that reportedly caused losses exceeding 7 million yuan, after discovering that he had overstayed his permission to remain in Thailand.
The suspect, identified as Zun Kai, was detained at a condominium on Sukhumvit Soi 36 in Bangkok’s Phra Khanong area, Khlong Toei district. The arrest was announced on October 27, 2026, by Thailand’s Immigration Bureau.
Chinese authorities accuse Zun Kai of helping to illegally raise public deposits through an agricultural technology company between 2014 and 2023.
Alleged Investment Scheme Caused More Than 7 Million Yuan in Losses
According to information from the Tongzhou branch of the Beijing Public Security Bureau, Zun Kai allegedly worked as a sales representative for Jincheng Jiaye (Beijing) Agricultural Technology Development Co Ltd.
Chinese investigators allege that the company solicited money from members of the public without regulatory approval or legal authority to accept deposits.
The scheme was reportedly promoted through word-of-mouth marketing and training seminars. Investors were allegedly offered aquaculture contracts and loan agreements promising staged repayments of principal and interest, along with high dividend-style returns.
Chinese authorities said members of the public suffered economic losses exceeding 7 million yuan.
Police said Zun Kai travelled from China to Thailand on April 3, 2023, and Chinese authorities believed he had remained in the kingdom since then.
Arrest Follows Immigration Investigation
Thai immigration officers located Zun Kai at the Bangkok condominium after investigating his whereabouts and checking his immigration status.
Authorities said he had remained in Thailand after his permission to stay expired. He was initially charged with staying in the country beyond the authorised period.
The information released by Thai officials did not specify whether extradition proceedings had begun or whether additional charges related to the alleged Chinese financial scheme would be brought in Thailand.
Immigration Police Pledge Continued Crackdown
The operation was conducted under policy directions from national police chief Pol Gen Samran Nuanma and Immigration Bureau commissioner Lt Gen Noppasin Poolsawat.
Thai immigration police said they would continue coordinating with domestic and overseas agencies to locate foreign nationals accused of offences, immigration overstayers and individuals subject to foreign warrants or alerts.
The bureau said the efforts aim to prevent Thailand from being used as a refuge by people wanted by authorities in other countries.
Zun Kai’s alleged role in the Chinese fundraising scheme remains an accusation by Chinese authorities, while the charge reported in Thailand concerns his expired permission to stay.
