Police said Lunev is wanted in Russia on multiple charges of extortion and money laundering. He is alleged to be a member of the Russian mafia.
Mark Lunev has been arrested in Pattaya at the request of Interpol.
Investigators found Lunev, in addition to his Russian passport, also holds a Cambodian passport for which he allegedly paid the equivalent of 3 million baht.
Immigration records show he made frequent trips in and out of the kingdom, usually to Cambodia where the money laundering is suspected to have occurred. His most-recent trip from Thailand on his Russian passport was in February 2013 and he re-entered the kingdom on his Cambodian passport July 19.
He also had a long-term visa for Thailand which allowed him to stay in the kingdom until June 2015. It was issued in Samut Prakan and has now been revoked.