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Car owners who are attracted by the idea of renting their vehicles out to tourists and getting a good monthly income have been warned to watch out by police.
Many people were conned recently when a man set up a rake rental company promising vehicle owners returns of 13-15,000 baht a month, reported Thairath.
Their cars would be rented to tourists on their behalf.
Some 15 vehicles were stolen as the rental company shut up shop and the owner disappeared. The cars were sold on in the south and the bulk of them have been recovered from Phattalung, Songkhla and Nakorn Sri Thammarat.
An arrest warrant is out for a man called Chonaphat Banjongthurakarn, 40, who headed the scam that operated out of Bo Phut on the holiday island.
Yesterday seven owners were reunited with their cars but four are still missing and police think they might have been sold abroad.
Apichart Bunsrirot of Surat Thanipolice warned the public to be very careful of offers to have their cars rented out for them to tourists.
People should check the credentials of rental companies to make sure that everything was legitimate before allowing their vehicles to be used, he added.