Chinese Police Successfully extradited a major economic criminal suspect from Thailand

TapTechNews August 23rd news, according to CCTV News report, on the evening of August 20th, with the strong assistance of relevant domestic departments, our embassy in Thailand and Thai law enforcement agencies, the working group of the Ministry of Public Security's Fox Hunt Operation successfully extradited the major economic criminal suspect Zhang某某, who was suspected of organizing and leading a pyramid scheme activity, from Thailand back to China. This case is the first economic criminal suspect extradited from Thailand by China after the Sino-Thai extradition treaty came into effect in 1999.

It is understood that since 2012, the MBI Group led by the criminal suspect Zhang某某 has required participants to pay fees ranging from 700 yuan to 245,000 yuan ($100 to $35,000) to obtain platform membership by issuing virtual digital currency, and has implemented online pyramid scheme illegal and criminal activities with high rebates as the bait and the number of members developed and the amount of funds invested as the basis for remuneration or rebate. The group has developed more than 10 million members in total, and the involved funds exceed 100 billion yuan ($14.3 billion).

TapTechNews learned from the report that in November 2020, the Chongqing Municipal Public Security Bureau filed a case for investigation against Zhang某某 in accordance with the law; in March 2021, the National Central Bureau of Interpol in China issued a red notice for him. On July 21, 2022, the Thai police arrested Zhang某某. Subsequently, the Chinese side submitted an extradition request to the Thai side in accordance with the bilateral extradition treaty. On May 21 this year, the Thai appellate court made a final ruling to extradite Zhang某某 to China, and on August 14, the Thai government made an administrative decision to support the above final ruling of the court.