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Pattaya’s chief of police yesterday announced the arrest of three eastern European men.
While two were behind credit card fraud a third is believed to be involved in the spate of fake 1,000 baht notes at the resort.
Losses are believed to be 300,000 baht.
Apichai Krobpetch warned traders to be on the lookout for more fake notes in an indication that the cops may not yet have got the entire gang.
The first two arrested were Russian Igor Britvich, 36, and Arman Shegelov of Kazakhstan. They were arrested after reports from a bank of suspicious activity at a department store in the resort where the men were using fake cards to purchase goods.
They both had fake cards and Shegelov had other incriminating items in his possession including a Citizen watch and two sales slips.
Their arrest led to the inquiry being expanded and the arrest of 33 year old Bulgarian Peter Lipov. He was found with fake cards and two fake 1,000 baht notes matching the description of ones already used last week to defraud traders.
There were irregularities in the serial numbers.
Apichai warned shop owners to continue to be on the lookout for fake 1,000 baht notes.
Posters on the Sophon Cable TV page on Facebook once again moaned that the police should show the faces of suspects.