Briton held in Thailand for alleged £95m fraud

Thai police arrested a Briton in Bangkok's red light district after he spent eight months on the run for allegedly embezzling 150 million dollars (95.14 million pounds) from a company in Dubai, police said Thursday.

Michael Bryan Smith, 43, was caught in the capital's notorious Nana area on Wednesday night after authorities in the United Arab Emirates sought Thailand's assistance, police told a press conference.

Smith allegedly siphoned off other workers' salaries into his own bank account while working as a personnel manager at a Dubai property company, Thai police said, citing the warrant from the UAE.