Wayne Rodney Schneider, 37, was kidnapped on Monday by a gang of men, believed to be foreigners, outside his house in Pattaya, a seaside resort town notorious for its sprawling red light district and links with organised crime.
Police launched a frantic search after security guards saw the Australian beaten unconscious and then bundled into the back of a van which sped off.
But their search took a grim turn late Tuesday when his corpse was discovered outside the city.
Police have named their chief suspect as Antonio Bagnato, a 27-year-old Australian national.
Media reported that Schneider and Bagnato had been out drinking together the night before the kidnap.
Sukthat said five people were believed to be involved in the kidnap and murder and that Bagnato had likely fled the country.
He added that an American national had been detained at a border crossing while trying to reach Cambodia and was being questioned as a suspect in a Pattaya police station.
Schneider's body was found in the Sattahip district south of Pattaya, he said, adding that cause of death had yet to be determined and that an autopsy would be carried out.
The Australian had been in Thailand for around one month and had rented a house, putting down a 130,000 baht (USD 3,626) deposit for six months.
Pattaya is a town renowned for its seedy underbelly but it is unusual for foreigners to be killed in such a brazen manner.
The Sydney Morning Herald said Schneider had previously had run-ins with the law in his homeland, linked to his membership of the Hells Angels.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
