Expats swindled out of 100 million baht by Pattaya bank staffer meet prosecutor

[webfact]

Expats swindled out of 100 million baht by Pattaya bank staffer meet prosecutor

 

Picture: Pattaya Update News

 

The public prosecutor in Pattaya met with many of the Thai and foreign victims of an assistant bank manager who is alleged to have stolen 100 million baht of their money.

 

Chaisit Sappermpoon is currently being held without bail in Pattaya special prison as evidence is gathered in THIRTY cases against him.

 

It is alleged that he used his position as assistant branch manager at a well known commercial bank to convince customers of his integrity and good intentions. 

 

But there is evidence that he did not do that. Instead he used old bank books that he was supposed to have incinerated to convince customers, many of them foreign expats in the resort, that they had funds in their account and were doing well.

 

Some of these rumbled the scam when they found at other branches that their accounts had been drained, reported Pattaya Update News. 

 

Chaisit also recommended investments and financial packages with high interest but just allegedly stole all the money.

 

Also in attendance at the meeting was the Pattaya station chief Pol Col Phisit Phoonsap.

 

Prosecutor Sakda Khlairomsai said this was a complicated matter involving 30 separate cases of fraud.

 

He wanted the victims to understand what was being done to prosecute the cases.

 

The defendant may also be charged with money laundering as the amount concerned exceeds 100 million baht. 

 

Investigations are also underway to discover if this was just a rogue trader or whether the bank itself was culpable.

 

The bank has pressed charges against its former employee who was assistant at a Pattaya branch office.

 

The bank is looking at initial ways to compensate clients who are in urgent need of money. PUN mentioned one person who is bed ridden and needs an operation. 

 

Source: Pattaya Update News

 

-- © Copyright Thai Visa News 2021-02-17

 

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[madmen]

Madness. The bank lost the money the bank needs to replace it 

[colinneil]

I notice that no member on here is admitting to being 1 of the scammed farangs.

[redwood1]

It would sure be interesting to follow the money trail on this one....No telling where it goes...

Edited February 17, 2021 by redwood1

[soi3eddie]

 

Assuming that the "alleged" perpetrator was an employee of the bank and the scams took place on bank premises during opening hours then the bank is 100% liable for the employee's actions. The bank must compensate the customers immediately and in full. Will this happen? Unlikely here I'm afraid. 

 

[madmen]

17 minutes ago, colinneil said:

I notice that no member on here is admitting to being 1 of the scammed farangs.

That's because the dude wasn't stealing accounts with a few thousand baht or some loose satang ????

[EVENKEEL]

Great advertisement for the Visa Agents.

[TTSIssues]

As well as the bank replacing lost funds, I hope they tighten up their procedures as this should never have been allowed to happen in the first place - but also must never be allowed to happen again. I wonder if there are any other rogue employees or this or other banks doing the same? I would hope the regulator steps in to investigate. Or am I dreaming? 

[petermik]

7 hours ago, TTSIssues said:

As well as the bank replacing lost funds, I hope they tighten up their procedures as this should never have been allowed to happen in the first place - but also must never be allowed to happen again. I wonder if there are any other rogue employees or this or other banks doing the same? I would hope the regulator steps in to investigate. Or am I dreaming? 

Dreaming no...but we are in Thailand 

[cracker1]

Are there no Monthly or Quarterly audits carried out at KTB ?

[cracker1]

1 minute ago, cracker1 said:

Are there no Monthly or Quarterly audits carried out at ?

 

 

[phantomfiddler]

Surely there is absolutely no chance that these people will not be remunerated immediately by the bank ! Also very sad that they do not name the bank in the original post ????

[spiekerjozef]

So did these expats pay for the two submarines ?

[Mike Rodik]

imagine this is/was your 800k account for immigration...

[Greenhill]

4 hours ago, EVENKEEL said:

Great advertisement for the Visa Agents.

Sorry, I can't see the connection!   Please elaborate.

[SheungWan]

6 minutes ago, spiekerjozef said:

So did these expats pay for the two submarines ?

Nothing to do with this thread.

[NanLaew]

5 hours ago, webfact said:

The defendant may also be charged with money laundering as the amount concerned exceeds 100 million baht. 

 

BS. He's a plain and simple thief and let that be the end of it.

 

Money laundering charges will be used as an excuse to prolong the bank facing up to their liabilities and reimbursing their customers who had money stolen by their employee.

[NanLaew]

5 hours ago, colinneil said:

I notice that no member on here is admitting to being 1 of the scammed farangs.

 

And why would I?

 

Oh, wait...

[hellohello123]

"Complicated"????

 

Complicated because they can't give him a promotion  in jail

Edited February 17, 2021 by hellohello123

[chicowoodduck]

These folks are way over their heads....thinking they could game the banking system and make some nice profit on the side....they chased the rainbow and got some rain....let them all suffer....????????????

 

Pardon the poor bank guy and throw the rest in jail.....TIT...????????????????????????????

[SheungWan]

1 hour ago, cracker1 said:

Are there no Monthly or Quarterly audits carried out at KTB ?

That is assuming that the monies in this project went through the bank. If not, then how were the dodgy bank books updated by the accused assistant manager? 

Edited February 17, 2021 by SheungWan

[Wavel]

Once one deposits funds into a bank, the bank is the custodian of that money. Therefore the employee stole from the bank not individuals. In Thailand though never quite as black & white,

[miamiman123]

“A well known bank”…. Ummh let me think 

[soi3eddie]

5 hours ago, soi3eddie said:

 

Assuming that the "alleged" perpetrator was an employee of the bank and the scams took place on bank premises during opening hours then the bank is 100% liable for the employee's actions. The bank must compensate the customers immediately and in full. Will this happen? Unlikely here I'm afraid. 

 

 

An update:

It appears that the bank has now started to repay some of those affected. That's good news. I also use the same bank (different branch) so fair play to them. It remains to be seen the full extent of the scam, where the money went and who else was involved (if anyone else).

 

[natway09]

Only one Thai basher.

It happens all around the world to gullible & (or) greedy people 

The bank will after the investigation reimburse the account holders who have been stung.

They may even find the monies (Do they stiill use thumbscrews )555

[Andrew65]

6 hours ago, madmen said:

Madness. The bank lost the money the bank needs to replace it 

That's how it is in 'The West', but not necessarily so in Thailand.

[whaleboneman]

1 hour ago, phantomfiddler said:

Surely there is absolutely no chance that these people will not be remunerated immediately by the bank ! Also very sad that they do not name the bank in the original post ????

I have to correct your double negative: Surely there is absolutely no chance that these people will be remunerated immediately by the bank!

[mduras01]

I would never keep millions in a bank here. I transfer what I need month to month.

[scubascuba3]

Compensation by Kasikorn should only be the money deposited, not the 42% annual Ponzi increases, I wonder if those effected are including that amount as this has been going on for years apparently

[ukrules]

7 hours ago, webfact said:

Investigations are also underway to discover if this was just a rogue trader or whether the bank itself was culpable.

 

The bank should be liable for every single Baht misappropriated by its own staff.

 

If it's not then there's a serious problem with the law.