Zipmex victims look forward to hearing

The victims of the Zipmex investment scandal are hopeful they will be able to recover their funds after the Department of Special Investigation (DSI) officially accepted the case on April 28, citing evidence of public fraud involving more than 1 billion baht in damages.

- NUNTAWUN POLKUAMDEE

The Bangkok South Criminal Court scheduled a hearing of the class action case on May 23, said a Zipmex investor who requested anonymity.

More than 800 victims joined the “SuZipmex” group as part of a class action suit, hoping to hold the company accountable for causing massive financial damages.

"Despite the case dragging on for more than two and a half years with no progress, the DSI’s acceptance marks a turning point," said the investor.

The DSI's decision followed a multi-agency meeting on Jan 27 when SuZipmex submitted key evidence to both the DSI and the Securities and Exchange Commission (SEC). Following the joint discussions, all parties agreed the DSI should lead the investigation.