On February 28, Thai police took Nagata into custody in Pattaya, Chonburi Province on charges of overstaying his visa.
Nagata, for whom an arrest warrant had been issued by Tokyo police, is alleged to have swindled a woman in Osaka out of 85 million yen in the sale of fake corporate bonds. The suspect fled to Thailand in November of last year.
Nagata is a part of a crime ring that targets the elderly. Thus far, police have arrested 24 Sumiyoshi-kai members for participation in the fraud, which is believed to have totaled 1.5 billion yen in damage to the victims.