A woman posing as a property broker was arrested for allegedly defrauding up to 20 people out of a total 3 million baht.
Kanokwan Thobandit, 36, was brought to a police news conference with Pattaya and Tourist police March 17, with about half the alleged victims present.
One of them, Noparath Chansa, said she paid the Prachin Buri native 400,000 baht who said she was an estate agent and a former bank executive with a way to get clients a 3 percent guaranteed return on a cash investment.
Kanokwan Thobandit has been arrested for allegedly defrauding up to 20 people out of a total 3 million baht.
However, Noparath claimed, Kanokwan said that to get the deal, a bribe must be paid to bankers and all documents would be kept with her.
Police said many people had applied to buy property through Kanokwan or do the investment deal, only to see her disappear with their deposits of 50,000-800,000 baht.
Kanokwan was captured in the parking lot of Chokchai Condominium on Soi Siam Country Club. She denied the charges.