Irish men appear in Thai court for fraud

Ten Irishmen have appeared in court in Thailand in connection with a fraud investigation.

The men, along with another 68 foreign nationals, were arrested at the offices of an unlicenced brokering firm in Bangkok.

It is being alleged that an Irishman masterminded the multi-million dollar fraud.

An Australian is believed to be the other mastermind.

Since the telephone sales operation was based in Bangkok, the money came into Hong Kong, and the shares were in the United States, under Thai law there is no legal framework to make successful charges, because the operations occurred in different countries.