SPF: Tradeluxury director charged over money laundering as Thailand seizes properties linked to luxury goods scam
Two people connected to the scheme are already serving prison sentences. A third has now been charged. This article ( SPF: Tradeluxury director charged over money laundering as Thailand seizes properties linked to luxury goods scam ) first appeared on The Independent Singapore News .
A Singaporean woman, Yap Lee Peng Somchai, was charged in court on August 21, 2026, for her involvement in the Tradenation and Tradeluxury luxury goods scam, which involved victims paying full price for luxury goods that were never received. Somchai, who was the director of Tradeluxury and had authority over the company's bank account, faces charges of property transfer with knowledge of its illicit origin and failing to exercise proper oversight in her directorial duties under the Companies Act.
Two other individuals linked to the scheme, Pansuk Siriwipa and Pi Jiapeng, have already been convicted. Siriwipa, the principal figure behind both Tradenation and Tradeluxury, was given a 14-year prison sentence in October 2024, while Pi Jiapeng received a five-year and ten-month sentence in October 2025. Efforts to recover assets tied to the scam in Thailand are underway, with the Commercial Affairs Department collaborating with Thai authorities to seize and consolidate properties from victims' claims, pending legal processes in Thailand.
Victims previously reported to the police have been directly informed by the Commercial Affairs Department about these developments.
Written by urgent.news from The Independent Singapore's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
