Thai authorities investigate massive agricultural co-operatives fund fraud - two women go to ground

[webfact]

 

That Rath reported that 300 million baht's worth of assets connected to a massive fraud of a state agricultural co-operatives fund have been seized.

 

Raids by the Department of Special Investigations, Nang Lerng police and other authorities seized 300 million baht in assets in Pathum Thani, Samut Songkhram and Phetchabun provinces. 

 

Houses and restaurants in Pathum Thani as well as two hotels in the other provinces were seized. 

 

Cars including a Porsche and designer bags and watches were included in the haul. 

 

Keep up to date with all things Thailand - Join our daily ASEAN NOW Thailand Newsletter - Click to subscribe

 

Work continues in what the media said was a 600 million baht fraud. 

 

It is connected to the Savings Cooperative, Ministry of Agriculture and Cooperatives Ltd.

 

Its manager and head of finance - women named as Phuangthip and Siriporn respectively - went into hiding before the fraud was revealed. 

 

-- © Copyright  ASEAN NOW 2022-05-25

 

- Cigna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here.

 

Get your business in front of millions of customers who read ASEAN NOW with an interest in Thailand every month - email [email protected] for more information

[Andycoops]

Surely the tip of the iceberg in the world hub of corruption.

No doubt it's all a misunderstanding and the money was used to benefit the community.

How many others like it are out there?

[hughrection]

28 minutes ago, webfact said:

It is connected to the Savings Cooperative, Ministry of Agriculture and Cooperatives Ltd.

 

Its manager and head of finance - women named as Phuangthip and Siriporn respectively - went into hiding before the fraud was revealed. 

It's genetic - it has to be. ????

[mikebell]

1 hour ago, webfact said:

Its manager and head of finance - women named as Phuangthip and Siriporn respectively - went into hiding before the fraud was revealed. 

They're in Saudi after a police tip-off.

[AgMech Cowboy]

6 hours ago, mikebell said:

They're in Saudi after a police tip-off.

Bahrain... Working in Massage Parlour.

[sammieuk1]

Find a straight person  in a continuous circle of deceit bet there will plenty of things disappearing at the investigation stage of disbursements ???? 

[RichardColeman]

8 hours ago, webfact said:

Its manager and head of finance - women named as Phuangthip and Siriporn respectively - went into hiding before the fraud was revealed. 

Check some police chiefs bank balance or garage !

[zzaa09]

A foxes and chicken coops metaphor comes to mind.