Accountant arrested in Thailand for 130 million baht tax fraud

[webfact]

 

Thai authorities recently apprehended a 46 year old accountant involved in a substantial tax invoice fraud, causing a loss of over 130 million baht (US$3.6) to the state. The arrest of Wimala, the individual at the centre of the investigation, marked a significant breakthrough in a tax evasion case that has highlighted vulnerabilities in the country’s financial regulation systems.

 

On March 3, a well-coordinated operation led by the Economic Crime Suppression Division (ECD) culminated in the capture of Wimala in front of her residence in Klong Luang district, Pathum Thani province. The arrest, based on a warrant issued by the Criminal Court on February 28, was part of an ongoing crackdown on tax-related offences, called ‘Anti-tax crime’.

 

The investigation, initiated after a complaint by the Revenue Department, revealed that Wimala was listed as a director with significant control in a company that existed only on paper. This ‘ghost’ company was identified as a non-operational entity, raising immediate red flags for the authorities. Further probing uncovered that the company had issued around 2,300 fraudulent tax invoices between October 2013 and December 2015, reported KhaoSod.

Numerous businesses had used these counterfeit tax invoices to claim tax refunds, resulting in financial damages exceeding 130 million baht. The severity of the crime is reflected in the potential penalties, with convictions carrying prison terms of up to seven years.

During interrogation, Wimala confessed that an acquaintance had requested her national ID card to establish several companies and open multiple bank accounts. She claimed to be unaware of the intended misuse of her information and agreed to the scheme for a remuneration of slightly over 100,000 baht (US$2,794).

 

In related news, a Frenchman was arrested for producing fake IDs in Chiang Mai, while another suspect evaded capture.

 

Authorities seized evidence implicating the suspects, coordinating with French authorities. Similar incidents involving foreigners were reported in Bangkok and Phuket, resulting in multiple arrests.

 

by Nattapong Westwood

Photo courtesy of KhaoSod

 

Source: The Thaiger 2024-03-04

 

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[flyingtlger]

 

42 minutes ago, webfact said:

Wimala was listed as a director with significant control in a company that existed only on paper. This ‘ghost’ company was identified as a non-operational entity, raising immediate red flags for the authorities.

LOL, I like his casual clothing. He's wearing a t-shirt while being interrogated. I wouldn't be surprised if he was in shorts and sandals....

[orchis]

36 minutes ago, flyingtlger said:

He's wearing a t-shirt while being interrogated.

 

1 hour ago, webfact said:

the capture of Wimala in front of her residence

 

[john donson]

funny how foreigners has to report every 90 days, get checked at home at least for the first extension and once a year checked for financials, and pay for the pleasure, and beg you did not forget a paper or the IO invent another one on the spot, but companies are not checked?

[hotchilli]

6 hours ago, webfact said:

During interrogation, Wimala confessed that an acquaintance had requested her national ID card to establish several companies and open multiple bank accounts. She claimed to be unaware of the intended misuse of her information and agreed to the scheme for a remuneration of slightly over 100,000 baht (

I know nothing , bu took the money anyway... 

[realfunster]

18 hours ago, webfact said:

The investigation, initiated after a complaint by the Revenue Department

Ironic, given they are one of the most bent departments in Thailand. 

[Mike Lister]

2 hours ago, realfunster said:

Ironic, given they are one of the most bent departments in Thailand. 

You have no clue what you are talking about!

 

The Revenue Department is the same as the Inland Revenue or HMRC, it collects taxes on behalf of the government, it does not handle cash and cannot divert cash. The RD is also one of the friendliest departments to deal with and certainly the most professional. The most corrupt department is Customs. 

[Mike Lister]

15 hours ago, john donson said:

funny how foreigners has to report every 90 days, get checked at home at least for the first extension and once a year checked for financials, and pay for the pleasure, and beg you did not forget a paper or the IO invent another one on the spot, but companies are not checked?

Untrue, companies are checked and audited, far more often than individuals because they are a major source of tax income.