The DSI spokesperson revealed that the second phase of The iCON case is progressing steadily, with investigations expanding into two separate special case files due to additional victims both outside and inside the kingdom, totaling over 2,535 individuals with damages amounting to 686 million baht. The investigative team plans to enter prisons to press additional charges against The iCON bosses, including issuing summonses to “Boss Mean” and “Boss Cham.”Tags: [DSI, The iCON case, investigation, victims, charges, prisons]
The Department of Special Investigation (DSI), under the direction of Pol. Lt. Col. Yuttana Praedam, Director-General of DSI, assigned the Non-System Financial Business Crime Division and the special case investigative team to jointly investigate and expand the special cases 119/2567 concerning criminal proceedings against The iCON Group Company Limited and associates, related to the iCON Ponzi scheme, and special case 115/2567 concerning criminal money laundering involving The iCON Group Company Limited.Tags: [DSI, investigation, The iCON Group, Ponzi scheme, money laundering, special cases]
On 20 Dec 2024, the special case investigative team unanimously decided to indict all 18 suspects and one legal entity on five charges: fraud against the public, violations under the Computer Crime Act, the Fraudulent Loan Act of 1984, and the Direct Sales and Direct Marketing Act of 2002. The case file was finalized and submitted to the special case prosecutors on 23 Dec 2024.Tags: [indictment, suspects, charges, fraud, computer crime, loan fraud, direct sales]
Subsequently, the special case prosecutors decided not to prosecute two suspects: Mr. Yuranan Phommornmontri, or Boss Cham, and Ms. Pichaya Wattanamontri, or Boss Mean, leading to their temporary release from Bangkok Remand Prison and Central Women's Correctional Institution. The prosecutors then forwarded the case file along with their non-prosecution decision to the DSI Director-General to consider whether to dissent from this decision, in accordance with the Special Case Investigation Act of 2004.Tags: [special prosecutors, non-prosecution, suspects, release, legal procedure]
On 6 Apr 2025, the DSI Director-General reviewed the evidence and decided to proceed with prosecution of these two suspects, submitting the recommendation to the Attorney General for final decision. On 18 Feb 2026, reports confirmed the Attorney General’s decision to prosecute both suspects. The special case prosecutors will schedule summons for both suspects to appear for charges following the Attorney General’s order. If they fail to appear, the special case prosecutors will request DSI to take the suspects to court for prosecution at the Criminal Court.Tags: [DSI, Director-General, Attorney General, prosecution, summons, court]
On 19 Feb 2026, Pol. Lt. Col. Waranan Srilam, Director of the Consumer Protection Case Division and spokesperson for DSI, stated that after finalizing special cases 119/2567 and 115/2567 and submitting them to special case prosecutors, who then issued prosecution and non-prosecution orders, with the Attorney General's final ruling, the investigative team expanded the probe into two additional special cases. Special case 17/2568 involves examining additional victims outside the kingdom related to The iCON Company, totaling 30 victims from 13 countries, with damages of 9.44 million baht. Ten victims have been interviewed, one withdrew their complaint, leaving 19 victims pending interviews through mutual legal assistance processes.Tags: [DSI, case expansion, international victims, interviews, damages, mutual legal assistance]
However, the investigative team cannot yet specify when the overseas case file will be completed as it depends on procedures in foreign jurisdictions.Tags: [DSI, international cooperation, case timeline, investigation]
Another case, special case 18/2568, involves interviewing additional victims within the kingdom who were not questioned in the main case file. This case has 2,505 new victims with damages totaling 677 million baht.Tags: [DSI, domestic victims, interviews, damages, investigation]
The investigative team has completed interviewing the victims and is now summarizing the facts to proceed with additional charges against 19 suspects, including 18 individuals and one legal entity (The iCON Group Company Limited, represented by Mr. Waratpon Waratyavorakul, or Boss Paul). Before filing charges, the investigators will verify all victim statements to determine which suspects are implicated and the related case circumstances, allowing suspects to respond to the allegations.Tags: [DSI, charges, suspects, victim statements, investigation process]
Further reports indicate that most suspects in The iCON case remain in custody at Bangkok Remand Prison and Central Women's Correctional Institution, except for Mr. Yuranan Phommornmontri (Boss Cham) and Ms. Pichaya Wattanamontri (Boss Mean), who were released on 8 Jan 2025 after special prosecutors initially decided not to prosecute them. However, with the Attorney General now ordering prosecution, the DSI will finalize the case facts and issue summons for both individuals to appear and face charges in the additional special case files.Tags: [DSI, suspects, custody, release, prosecution, summons]