Police Arrest Final Two Suspects in ฿155 Million Bank Loan Fraud

Picture courtesy of Daily News.

Police have concluded a years-long investigation into a sophisticated bank loan fraud, arresting the final two suspects in a scheme that netted over 155 million baht.

On 13 August, Pol Maj Gen Wittaya Srisuriyapha, Commander of the Crime Suppression Division (CSD), ordered the arrest of two 39-year-old women, identified only as Ms A and Ms B, under warrants issued by the Criminal Court. They face charges of conspiring to commit fraud by impersonation, forging documents, falsifying official documents and conspiring to launder money.

The pair were detained at a house in Nai Mueang subdistrict, Mueang district, Nakhon Ratchasima.

The case dates back to 2018, when a bank discovered that a criminal group had used forged documents, including fake signatures of executives from other companies, to secure overdraft loans from multiple financial institutions. Once the loans were approved, the funds were gradually withdrawn and transferred through multiple accounts within the network before being cashed out, making the money trail difficult to trace.

Investigators determined the fraud involved more than 155 million baht. The bank filed a complaint with the CSD, leading to the collection of evidence and the issuance of arrest warrants for 14 suspects. Twelve were caught in earlier operations, leaving only the two recently arrested, both of whom owned accounts used to receive the illicit transfers.

During questioning, the women denied the charges. They have been handed over to CSD investigators for legal proceedings.

This operation marks the complete dismantling of the network, which police described as one of the more elaborate loan fraud schemes uncovered in recent years.

  Adapted by Asean Now from Daily News 2025-08-15