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Bogus baht bills bankrupt shopkeeper in costly counterfeit conundrum in northern Thailand


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A significant financial loss was experienced by a 61 year old shopkeeper from Udon Thani, due to counterfeit banknotes.

Buaphan Somsud filed a complaint with the local police station today after discovering someone had used 50 baht counterfeit notes in her shop’s top-up machine.

 

Buaphan, who owns a grocery store in the Ban Lao community, reported the incident to the Deputy Inspector of Udon Thani Police Station. She notified him that someone had used five counterfeit 50 baht banknotes to top up their account using the JJ Top Up machine in her store. This act had caused her significant loss, and she wished to report the incident to the police for further investigation.


The event took a turn when Buaphan showed journalists the top-up machine located in front of her grocery store. Inside the cash box of the machine, four counterfeit 50 baht banknotes were found mixed with genuine 100, 50, and 20 baht notes.

 

Photo of Puntid Tantivangphaisal

Photo courtesy of KhaoSod

 

Full story: The Thaiger 2023-11-24

 

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A while back I dealt with a guy who worked for a company that was dealing with the cash top-up machines. I was inquiring about why the new notes were not accepted, even they were out for a year already. His answer was that they could not take a risk to add them by themselves to the registry of notes in the machines, as if anything went wrong, they would be liable for the damages. So they were waiting for the software update from Bank of Thailand, as if they used official software, and anything went wrong, then the central bank would be responsible, not them.

 

It seems whoever made those top-up machines did not have the wit of a professional company, and should, in my opinion, cover all the losses those "hosting" these machines suffer from, due to lack of diligence of the machine producer or distributor.

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All Thai banknotes should be made of like the 20 baht, some of the 20 Baht have been printed on De La Rue SAFEGUARD® polymer substrate and CCL’s GuardianTM substrate, once all the notes will be made of this martial forging them will be a thing of the past...

Edited by ezzra
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