Woman admits role in Bt62m Chulalongkorn lottery scam

By KESINEE TAENGKHIEO 
THE NATION

 

Sawat Saengbangpla

 

A WOMAN has pleaded guilty during a court evidentiary session yesterday of receiving ill-gotten money to conceal a crime under the Anti-Money Laundering Act linked to a lottery investment scam allegedly run by a former chairman of the Chulalongkorn University Savings Cooperative.

 

The court will set a verdict-reading date of November 21 for Methawat Khonman, 32, who confessed to receiving Bt62 million from the ex-chairman, Dr Sawat Saengbangpla.

 

Sawat was accused of luring people, especially colleagues, lecturers and other university staff, to participate in a lottery investment scam between January 2016 and June 2017 with a promise of high returns. The scheme is said to have caused damages worth over Bt183 million. 

 

However, Sawat, 79, has maintained his innocence, so the judge ordered a separate lawsuit be conducted. Public prosecutors will file a new suit with the same charge of money-laundering against him within seven days.

 

Both Methawat and Sawat have been in detention since their arrests in May. 

 

This was one of the three cases filed by public prosecutors in relation to Sawat’s alleged fraud. 

 

One of the other suits was against Sawat and Jirachaya Khunyosying, 24, and Pawitporn Baiket, 29, for money-laundering linked to a sum of Bt42 million; and another was against Sawat alone for a violation of the Decree on Loans of Money Amounting to Public Cheating and Fraud 1984. Both cases are slated for trial next year.

 

Source: http://www.nationmultimedia.com/detail/national/30331526

 

-- © Copyright The Nation 2017-11-14

How are they ever going to stop corruption in this country when all of these scams seem to be run by people in positions of authority.!!!

He'll die of old age before a verdict is delivered by Thailand's geriatric justice system.

4 hours ago, webfact said:

Methawat Khonman

Nomen est omen

2 hours ago, rodney earl said:

How are they ever going to stop corruption in this country when all of these scams seem to be run by people in positions of authority.!!!

How do you think they obtained their position of authority in the first place.

1 hour ago, Misterwhisper said:

Nomen est omen

Sawat's your point?   

1 hour ago, Misterwhisper said:

Nomen est omen

Yes, one would think a name like that would sound the alarm......"Khonman"......

Edited November 14, 20178 yr by AlQaholic