Former Chinese Bank Deputy Manager Arrested for Document Forgery & 200 Million Bank Fraud

[Georgealbert]

 

 

Authorities in Chonburi have arrested Wang Luan Fa, a 49-year-old former deputy manager of a Chinese bank, who fled to Thailand after being accused of orchestrating a 200 million baht loan fraud scheme in China. 

 

The Immigration Bureau, led by Pol. Col. Napaspong Khositsuriyamanee, Chonburi Immigration Police Chief, detained Wang at a hotel in Pattaya following a tip-off from the Chinese Embassy.

 

Wang is wanted in Hebei, China, for fraud and document forgery. As a former deputy bank manager, he allegedly conspired with others to forge documents and embezzle 45 million yuan (approximately 225 million baht) in loan funds. After the scheme was uncovered, he fled to Thailand, reportedly crossing the Cambodian border and residing in Chonburi for around two months.

 

Upon arrest, officers recovered 170,000 baht in cash from Wang’s hotel room. He admitted to entering Thailand illegally to escape financial ruin, claiming he intended to use his share of the stolen funds to clear personal debts.

 

Wang has been transferred to Nong Prue Police Station for further investigation and extradition proceedings.

 

Pictures courtesy of the police.

-- 2024-10-27

 

[CanadaSam]

Never fails to amaze, how a criminal who stole over 6 million USD ends up sleeping in a dingy hotel room in Thailand, instead of sipping margheritas on a beach in the Cayman Islands with a new passport issued from one of those south american countries for a few hundred thousand dollars.

[dddave]

23 minutes ago, CanadaSam said:

Never fails to amaze, how a criminal who stole over 6 million USD ends up sleeping in a dingy hotel room in Thailand, instead of sipping margheritas on a beach in the Cayman Islands with a new passport issued from one of those south american countries for a few hundred thousand dollars.

Easy to say but suppose you did have that kind of money. Just how would you, an average Sam go about getting one of those SA passports, all the while trying to stay inconspicuous and unable to fly anywhere on your currant documents. Search on the internet and chances are you'll land on  a police sting.  One can no longer wander down Koh Sarn Rd getting the best deal on a passport.

[CanadaSam]

Just now, dddave said:

Easy to say but suppose you did have that kind of money.

 

Well, the dude was in the right place, with the right facial features!

 

We all know exactly how corrupt our neighbors are, Laos etc.

 

I would have gone there first, got an id off a homeless or very poor man who never had a passport.

 

Gone to the passport office with said id, and perhaps an interpreter because I am of-course, deaf/mute.

 

Got said passport in homeless man's name, but my picture, of-course.

 

Flown to one of the south american countries (islands) that sell passports with very little questions asked.

 

Transferring the money would be another topic, but not difficult, with new id.

 

Voila!  Long island ice teas on the beach surrounded by golden skinned beauties!

 

But, perhaps I watch too much TV........

[dddave]

13 minutes ago, CanadaSam said:

We all know exactly how corrupt our neighbors are, Laos etc

Aww! Too bad, bad move! You're busted.  Laos is currently crawling with Chinese police.  A lot of both dissidents and Chinese criminal gangs were operating out of Laos so the Chinese just pushed in a whole bunch of cops, just like they did in San Francisco a few years ago. 

 

https://search.brave.com/search?q=chinese+police+in+Laos&source=desktop&summary=1&summary_og=68f5b4b91b6028750cf994

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[CanadaSam]

dddave, fascinating man, would love to meet one day.

[hotchilli]

On 10/27/2024 at 3:46 AM, Georgealbert said:

Authorities in Chonburi have arrested Wang Luan Fa, a 49-year-old former deputy manager of a Chinese bank, who fled to Thailand after being accused of orchestrating a 200 million baht loan fraud scheme in China. 

Seems good old Thailand is the perfect flee destination.

[Tidal wave]

Wang fang bang goodbye .

[Henryford]

Chinese banker involved in fraud, who would have guessed.

[jacko45k]

1 hour ago, hotchilli said:

Seems good old Thailand is the perfect flee destination.

Followed by Dubai if you can afford it!

[hotchilli]

9 minutes ago, jacko45k said:

Followed by Dubai if you can afford it!

And given enough time/warning to pack and leave quietly

[Patong2021]

Looks like he is about to discover a different type of Chinese bank, the Organ Bank, where he will probably be welcomed as a new depositor.

[zepplin]

19 hours ago, CanadaSam said:

Never fails to amaze, how a criminal who stole over 6 million USD ends up sleeping in a dingy hotel room in Thailand, instead of sipping margheritas on a beach in the Cayman Islands with a new passport issued from one of those south american countries for a few hundred thousand dollars.

Well to get there , he would have had to use his passport, and he would have been caught earlier, doh

[mfd101]

27 minutes ago, Patong2021 said:

Looks like he is about to discover a different type of Chinese bank, the Organ Bank, where he will probably be welcomed as a new depositor.

Yes, and off with his head.

[john donson]

thank god their are building a high speed train from china, right?

[mikebell]

On 10/27/2024 at 3:46 AM, Georgealbert said:

residing in Chonburi for around two months.

So he didn't have to do his 90 Day reporting?