BANGKOK, Oct 22 — Ten Malaysians were arrested in Chiang Mai, northern Thailand, last month for allegedly being involved in an investment scam.

Deputy Immigration Police Chief Area 5 (North Provinces) Pol Col Ekkorn Boossababordin said all the suspects had since been charged with illegally working in Thailand and fined 10,000 baht (RM1,382) each.

Acting on a tip-off, police arrested the group on Sept 20 for illegally organising a currency investment seminar targeted at about 100 Chinese tourists and investors, he told a press conference here today. They were charged on the same day.

“They told the participants to invest in digital currency with promise of hefty profits.

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“The syndicate could have raked in over 10 million baht if it had succeeded in luring the victims,” he said.

He said the 10 Malaysians — five from Kuala Lumpur, two from Selangor and one each from Negeri Sembilan, Sabah and Sarawak—were deported on Sept 25. — Bernama