The court denied bail for “Coach James” in the Forex case, noting significant damages and reasonable grounds to believe he might flee, and sent him to Bangkok Remand Prison instead.Tags: [court decision, bail denial, Forex fraud, criminal case, Bangkok Remand Prison]
At the Criminal Court at 12:00 on 15 July 2026, investigators from the Department of Special Investigation (DSI) detained Mr. Theerapong Kongkaew, 30, known as Coach James, charged with conspiracy to defraud the public, fraud, operating securities brokerage without a license, conducting futures contracts business without permission or registration, knowingly inputting false computer data likely to cause public harm, conspiracy involving two or more persons to commit money laundering, and actual money laundering activities. He was remanded in custody from 15 to 26 July 2026, with bail opposed by investigators.Tags: [DSI, arrest, fraud charges, money laundering, remand]
Subsequently, the court approved the remand request.Tags: [court order, remand approval]
After completing the remand procedures, Mr. Theerapong filed a request for temporary release. The Criminal Court ruled that considering the severity and nature of the charges, which involved coordinated offenses with divided roles, and the large amount of damage impacting society and the economy widely, combined with objections from investigators and victims, there were reasonable grounds to believe he might flee. Therefore, the court denied the temporary release request during the investigation and dismissed the petition.Tags: [court ruling, bail denial, flight risk, investigation]
Following the court’s order, prison officials transferred the suspect to Bangkok Remand Prison for detention.Tags: [prison transfer, detention, Bangkok Remand Prison]