Justice Minister Denies Case Pressure in Forex Probe
Justice Minister Rutthapol Naovaratana denied accusations of case pressure in a forex probe, stating the DSI investigation is proceeding normally despite the criminal court approving arrest warrants for only 2 of 30 requested suspects.
Justice Minister Rutthapol Naovaratana gave an interview on July 14, 2025, at the Government Centre Building A on Chaengwattana Road regarding the forex case. The criminal court approved arrest warrants for only 2 suspects out of 30 requested by the DSI special investigation unit. The court has not yet approved an arrest warrant for Bhavuth Pongsutthiyapanu, a Thai list MP. The DSI must issue summons for the remaining 22 suspects according to the court's order. Regarding accusations that the DSI is hastening the case, the minister confirmed that procedures are normal, as the DSI has been investigating continuously and the matter involves forensic and financial evidence. When investigation reports are submitted, evidence can be compiled accordingly.
The minister said he is unaware whether the 833 million baht financial trail linked to Bhavuth is accurate, as he has only seen news reports about it and the matter is still under investigation. He also stated he does not know the identities of the 2 suspects for whom warrants were approved.
According to additional reports, the DSI's special investigation unit has gradually issued summons to 22 suspects following the court's orders after the court approved only 2 arrest warrants. The DSI's investigation report used as evidence identified financial transaction data and patterns through three groups: brokers, introducers, and payment gateways. Companies Rennie Corporation Limited and Pay Solution Limited acted as payment gateway entities. Investigation found significant links from these entities to accounts of network members. Additional entities including ALPFX Plus Limited and Spark Digital Limited facilitated cash flows before funds entered personal accounts. Evidence also showed asset conversion transactions between bank accounts and digital asset service providers from 2021 to 2024. Among individuals connected to the network, Bhavuth Pongsutthiyapanu was identified as a key figure in receiving and forwarding cash flows, with 14 transfers of 2 million baht each totaling 28 million baht from Spark Digital Limited.
