Last Tuesday, authorities arrested an Italian national who is suspected of defrauding millions of dollars from Italian banks, amongst other crimes. Thirty-eight-year-old Stefano Raccaqni was arrested last Tuesday in Chiang Mai on a request made by Italy via Interpol.
Immigration police deputy commissioner Major General Chitsanupong Yuktathad stated that Raccaqni’s visa has been revoked and he will be deported back to Italy.
According to the Nation, the Italian national is being charged for defrauding Italian banks and other finance companies amounting to more than 8.6 million dollars. He is also facing chargers of assisting tax evasion and smuggling people into Italy.
