Jakkaphong “Anne” Jakrajutatip, the co-owner of the Miss Universe Organization, is wanted for failure to appear.
A court in Bangkok has issued a warrant after Jakrajutatip failed to appear on Tuesday in connection to an ongoing fraud case. She is accused of “cheating investor Raweewat Maschamadol during a 2023 corporate-bond deal that Maschamadol says cost him roughly $930,000,” Fox News reported. She did not notify officials that she would not be able to make it to her Tuesday court date, and the matter has been rescheduled to December 26, with Jakrajutatip being labeled a flight risk.
“Jakkaphong’s company, JKN Global Group, bought Miss Universe in 2022 and then sold 50% the following year to Legacy Holding Group USA, which is owned by Mexican businessman Raúl Rocha Cantú,” the outlet’s report continued.
The alleged victim claims that Jakrajutatip sold him the bonds while misrepresenting the company’s financial situation, and JKN would eventually go on to stop making the investor payments in 2023, a move that basically negated any value from the bonds.
“JKN has faced severe financial trouble in recent years, defaulting on investor payments in 2023 and entering debt rehabilitation in 2024. JKN reports obligations totaling about $93 million,” the article detailed. “Jakkaphong, a well-known Thai celebrity, reality-show star and openly transgender woman, resigned from all company positions in June after being accused by Thailand’s SEC of falsifying 2023 financial statements, though Jakkaphong remains JKN’s largest shareholder.”
President Donald Trump previously owned the Miss Universe pageant from 1996 until 2015, when he sold the competition to IMG Worldwide LLC after NBC cut ties with him over his presidential campaign. In 2022, IMG sold it to Jakrajutatip and in 2025, the pageant faced several mishaps.
According to Fox News:
A Thai organizer publicly reprimanded Mexico’s Fátima Bosch Fernández, who ultimately won the 2025 crown, sparking backlash, while two judges also withdrew, with one hinting the scoring wasn’t entirely above board.
Thai authorities separately opened an investigation into whether the event’s promotional materials illegally advertised online gambling.
The chaos deepened when Jamaica’s contestant, Gabrielle Henry, fell off the stage during the preliminary evening gown round.
It remains to be seen whether Jakrajutatip’s absence was a mistake, or if she has gone into hiding amid her financial and legal troubles. She also failed to make an appearance at the 74th Miss Universe competition, which had taken place in Bangkok.
JKN rejected claims on Monday that she had fled the country after having liquidated the company’s assets, though it’s not clear where she might be.
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Sierra Marlee is a millennial whose hunger for the truth in a world of fake news has led her to write. Marlee also contributes to BizPac Review.
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