DSI officers took Mallika, an executive of QRS broker involved in a Forex case, to court to request custody. She refused to answer media questions. Previously, she denied all charges and requested to submit explanatory documents later.
At 10:35 a.m. on 16 Jul 2026 GMT+7, officers from the Investigation and Intelligence Center of the Department of Special Investigation (DSI) and a special investigation team from the Technology and Information Case Division jointly escorted Ms. Mallika Maksalud, executive and director of QRS Education Co., Ltd. (the operator of QRS Global in Thailand), a suspect in a Forex investment fraud case, to the Ratchadapisek Criminal Court for a custody hearing after completing her interrogation at 6:30 p.m. on 15 Jul 2026 GMT+7. Initially, Ms. Mallika maintained her denial of all charges and stated she would submit additional documents to rebut the allegations later.
As officers escorted Ms. Mallika out of the building, reporters tried to ask how she was feeling, whether she was concerned about the case, or if she wished to clarify anything. The DSI investigation report indicated that QRS manipulated or delayed trade order execution, controlled or falsified price charts within the app and website inconsistent with global market prices, causing investors to lose money. When asked about these facts, Ms. Mallika kept her head down and did not respond. When pressed about why QRS is the only broker facing prosecution despite continued investor trust, she again did not answer. DSI officers then requested to end the media interview to escort the suspect into a DSI van and leave the premises to take her for a custody hearing at the Ratchadapisek Criminal Court according to legal procedures.
Reporters observed that while escorting Ms. Mallika into the van, DSI officers carried a paper bag used for medication from Rama 9 Hospital. Ms. Mallika had changed clothes from the day of arrest, wearing a long-sleeved patterned shirt, an orange face mask, and eyeglasses. Once seated in the van, she averted her face, looking out the right-side window.
Ms. Mallika Maksalud owns the QRS broker, which is registered abroad but operates business in Thailand. The company allegedly solicited investments through various advertisements claiming foreign licenses, guaranteed returns or profits, offering returns as high as 20–30% within 7 days, and inviting investors to join closed groups to receive trading signals. The company also allegedly manipulated or delayed trade order execution and falsified price charts within the app and website inconsistent with global market prices, causing investor losses. When investors requested withdrawals, additional conditions were imposed, such as advance payment of taxes or withdrawal fees, or citing system errors to prevent withdrawals. The scheme used network marketing; when investors suffered losses, they were recruited as Introducing Brokers (IB) to bring in new investors, earning salaries and commissions from trading fees at rates of 10–50%, regardless of whether those investors made profits or losses.