Former bank loan officer nabbed for fraud and forgery

The Public Sector Anti-Corruption Commission (PACC) and the National Anti-Corruption Commission (NACC) have arrested a former senior bank loan officer. He was detained on charges of document falsification and misappropriation of funds that caused a loss of over one million baht.

Police Major General Prasong Chelimphanth, the head of the PACC, and Suphap Siri, NACC Region 6 Director, led the operation to arrest 43-year-old Theepat. The authorities acted based on an arrest warrant issued by the Central Criminal Court for Corruption and Misconduct Cases.

The man was detained at a convenience store's parking lot on Liap Maenaretsuan Road, situated in Tha Pho Subdistrict, Mueang District, Phitsanulok Province.

Theepat, who held a senior leasing officer position at a prominent bank once, allegedly collaborated with a used car dealership owner. They are believed to have forged documents and altered contracts to misdirect funds and commissions for their gain.

The illicit activities started in 2013 when Theepat oversaw used car market leasings. It was here that he admitted to staging several instances of document forgery leading to loss exceeding one million baht.

As investigations continued, it was discovered that Theepat had been a loan officer at a private bank for over a decade. This experience provided him with significant knowledge in finance and marketing. He leveraged this knowledge to identify loopholes which he then exploited. Due to personal gambling debts and family-related financial pressures, he later joined a state-owned bank.

After his illicit activities were unearthed, Theepat lost his job. He changed his identity in an attempt to avoid the law, however, he was handed a three-year jail term for exceeding a friend's credit card limit and failing to repay it.

Theepat confessed that he engaged in document forgery, misappropriation of funds, and receiving commissions among other financial benefits. The proceeds from these illegal activities were used to settle his debts.

His fraudulent act continued until his arrest. He has now been presented before the Central Criminal Court for Corruption and Misconduct Cases for legal proceedings.

The authorities have pledged to maintain their investigation to uncover more potential fraudulent activities and ensure that everyone involved is prosecuted according to the law.

File photo for reference only

-- 2024-06-11

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