According to a report by Bangkok Post, a Finnish investor, Aarni Otava Saarimaa,  who was defrauded of 5,564 Bitcoins has decided to withdraw his complaint against two key suspects. Prasit Srisuwan, a trader on the Stock Exchange of Thailand along with shareholders of the tech firm Expay Software Co. were the entities against who the complaint was initially lodged, according to the deputy commander of Thailand’s Crime Suppression Division, Chakrit Sawasdee.

With Aarni Otava Saarimaa withdrawing his complaint, both Prasit Srisuwan and the shareholders of Expay Software Co. can rest easy as they will not be liable for any of the charges previously levied against them as the Thai law permits settlements in cases of fraud.

Chakrit Sawasdee, however, was not at liberty to mention the actual amount of funds that had been exchanged between the two parties to help facilitate the complaint to be withdrawn. After a meeting between Aarni Otavi Saarimaa and Prasit Srisuwan and Chakris Ahmad, Saarimaa commented by saying, “My talks with them [the two businessmen] turned out to be very satisfactory but I cannot give any details now”.

Coinedict reported back on 13th August of the 22-year-old crypto-millionaire losing his Bitcoins and why the story drew massive media attention due to the involvement of the Thai movie star, Jiratpisit. After losing USD 24 million to a collective led by Prinya Jaravijit, Saarimaa had filed a complaint with the Crime Suppression Division.

To be precise, the Finnish investor was invited to invest USD 8 million into publicly traded stocks that were listed on the Stock Exchange of Thailand along with USD 2.8 million into Expay Software Co. and USD 13 million in Dragon Coin (a cryptocurrency catering to the gambling industry).

However, instead of investing the money as agreed, Prinya proceeded to transfer the funds to the accounts of his family members that included his brother the popular Thai actor, Jiratpisit Jaravijit together with his father, mother and younger sister.

After having evaded the long arm of the law for weeks, Prinya surrendered and requested a postponement for the date of the hearing of his charges that is currently set for September 17th. Police are yet to file the arrest warrants for his parents, however, a date for the arraignment with the siblings has been set. Further questioning will be pursued with both Suwit Jaravijit and his significant other, Lertchatkamol, about the USD 2.7 million that their son had wired to their respective bank accounts.

Nigitha John

Nigitha John is an avid research scholar from JNU, New Delhi. A detox machine for Philosophy, Literature and Arts, research becomes an adhesive for her. Having footed herself in Semantics, inter disciplinarily she has renovated interest in algorithms, semantic web and some such quasi-technological quasi-ecritural endeavours. As a person, she is strongly mellow and adamantly non-Art. Unorthodox; literature is soul. Not only is she in demand for the curious ability that she prospers to capture the essence of technology and development , it is also that, set as a milestone in her journey filled with intrigue, is the study of cryptocurrencies and blockchain. A stepping stone in this journey is her role at coinedict.

Nigitha John

Nigitha John is an avid research scholar from JNU, New Delhi. A detox machine for Philosophy, Literature and Arts, research becomes an adhesive for her. Having footed herself in Semantics, inter disciplinarily she has renovated interest in algorithms, semantic web and some such quasi-technological quasi-ecritural endeavours. As a person, she is strongly mellow and adamantly non-Art. Unorthodox; literature is soul. Not only is she in demand for the curious ability that she prospers to capture the essence of technology and development , it is also that, set as a milestone in her journey filled with intrigue, is the study of cryptocurrencies and blockchain. A stepping stone in this journey is her role at coinedict.