Thai Court Seizes Millions from Corrupt Official Over Unexplained Wealth

[snoop1130]

 

In a significant move targeting corruption, the Criminal Court for Corruption and Misconduct Cases Region 3 has ordered the confiscation of assets worth 5.1 million baht from a Public Warehouse Organisation (PWO) official. This ruling was announced by the National Anti-Corruption Commission (NACC) yesterday.

 

The court's decision on 28 March directed the confiscation of funds in two accounts held by Sarot Sutthiwong. According to Niwatchai Kasemmongkol, NACC Secretary-General and spokesperson, the investigation into Sarot's unusual wealth began after substantial evidence suggested his involvement in illicit gain.

 

Sarot, who served as head of the warehouses owned by TSTE Plc from February 2003 to March 2004, could not sufficiently explain the source of his wealth. The NACC's inquiry not only highlighted this discrepancy but also uncovered Sarot's dereliction of duty in inspecting rice stocks under the government's contentious rice-pledging scheme.

 

 

 

 

Niwatchai stated, "If the remaining funds in Sarot’s accounts are insufficient to meet the court's confiscation order, legal authorities have 10 years to track down and seize other assets to enforce the decision."

 

This case marks a crucial step in Thailand's ongoing efforts to combat corruption and hold officials accountable for misconduct.

 

Photo: The Thaiger

 

-- 2024-09-19

 

 

[happysoul]

Good move, keep it going (and aim higher if you feel like it) 😉

 

You also can start looking at hotels and shops with not a single customer and still running fine. Trend looks like it's laundromat now for money laundering (seen a couple open over the lasts months).

 

Fighting coruption will make foreigners happier when paying taxes 😁

[MarkBR]

3 hours ago, happysoul said:

Good move, keep it going (and aim higher if you feel like it) 😉

 

You also can start looking at hotels and shops with not a single customer and still running fine. Trend looks like it's laundromat now for money laundering (seen a couple open over the lasts months).

 

Fighting coruption will make foreigners happier when paying taxes 😁

Will only go for little fish.

 

 

 

 

 

[hotchilli]

13 hours ago, snoop1130 said:

Sarot, who served as head of the warehouses owned by TSTE Plc from February 2003 to March 2004, could not sufficiently explain the source of his wealth. The NACC's inquiry not only highlighted this discrepancy but also uncovered Sarot's dereliction of duty in inspecting rice stocks under the government's contentious rice-pledging scheme.

The rice scam was another Thaksin populist scheme... shame it was plundered by greedy middle men.

[jippytum]

Is the confiscated cash fully accounted for or do the investigators share the spoils. 

[Aussie999]

So, there are still those who remain untouchable

[Henryford]

Start with all the Thais driving around in 4 million baht Mercedes.

[ronster]

If they bothered to really look into people's wealth who worked in higher up jobs then it would be like shooting fish in a barrel to find unexplained wealth !

[MarkBR]

1 hour ago, Aussie999 said:

So, there are still those who remain untouchable

The Elite - the system is maintained to keep them almost Untouchable.

[lordgrinz]

"5.1 million baht" is a drop in the bucket, there is an ocean of corruption in Thailand, this is just a little fish, or sacrificial lamb.

[thesetat2013]

15 hours ago, snoop1130 said:

Sarot, who served as head of the warehouses owned by TSTE Plc from February 2003 to March 2004, could not sufficiently explain the source of his wealth. The NACC's inquiry not only highlighted this discrepancy but also uncovered Sarot's dereliction of duty in inspecting rice stocks under the government's contentious rice-pledging scheme.

More importantly. Where did the money come from. I am thinking someone whose last name begins with S or T. This is about the 10 year old rice scam that was made during a certain persons tenure as the leader. The same problem where now, they are claiming the 10 year old rice is still good to eat haha.

[shackleton]

Officials money 💰 and corruption seems to be the norm  here in Thailand

Must be many in positions of authority  reaping the benefits and rewards 

Involving corruption 🤑

 

[1duckyboy]

A drop in the ocean.

[black tabby12345]

Unexpected Wealth of the Corrupt Official?

4 hours ago, jippytum said:

do the investigators share the spoils. 

 

Makes a lot of sense if you are here long enough.

[black tabby12345]

Millions seized from Corrupt Official Over Unexplained Wealth.

But Billions remain unquestioned/untouchable.

Standard procedure all too familiar to those who have been here long enough...

 

Edited 2 hours ago by black tabby12345