Thai cybercrime police have arrested three additional suspects as they expand an investigation into the Premsuk365 online gambling network, which allegedly handled more than THB1.5bn per month.
Investigators traced transactions through multiple accounts and found that gambling deposits were received through individual accounts, while corporate accounts were used for payouts. Funds were also transferred to a corporate account connected to a payment gateway before being withdrawn and converted into cryptocurrency.
Police believe the combination of individual and corporate accounts was intended to make the movement and origin of gambling proceeds more difficult to trace.
The latest investigation identified three suspects allegedly involved in different stages of the operation. One was identified as a beneficiary who controlled withdrawals from the gambling website, while another allegedly withdrew funds and transferred them to beneficiaries. The third suspect allegedly provided an account used to receive gambling proceeds and handled withdrawals.
Police obtained arrest warrants and searched two locations in Bangkok and Nonthaburi, detaining all three. Authorities also seized a mobile phone, an iPad and a Toyota Vellfire Z Premier with a combined value of more than THB3m.
The arrests follow an earlier operation on August, when cybercrime officers raided four locations across Bangkok and Chonburi.
Four suspects accused of opening or renting accounts and withdrawing cash for the network were arrested during those raids. Police seized assets worth more than THB74m.
The investigation was subsequently expanded to identify people further up the network and trace the flow of funds. The three latest suspects have been transferred to cybercrime investigators for further legal proceedings.
An earlier raid on the network resulted in more than THB74m in seized assets
