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400 million dollars missing

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In July there was a story about DSI investigating disappearance of 12 billion baht from savings institution in Pattaya. Due in court on 25 July, the story has gone completely cold, What happened ?

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they mislaid the evidence

the judge, cops and defendants are in the Cayman islands trying to find it

the case has been adjourned indefinitely

It disappeared. What more to do, can't see it anymore so nothing to investigate!

who or what is a "savings institution in Pattaya" ?

Oi, TIT

Are you referring to the Standard Morgan Investment Fund?

It's kind of a pyramid scheme where investors recruit others for higher investment returns. It has been going on for a while now here in Pattaya, the rest of Thailand as well as in addition to some other countries. Not much news in English to be found about it. There is a blurb at the bottom of an article posted last month by a BKK news source we're not allowed to quote here, however that blurb is basically a summary of this DSI report, (unfortunately only in Thai).

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who or what is a "savings institution in Pattaya" ?

It was the credit union --- Isaan it appears

Do you really have to ask that question? It like everything else in Thailand..which is quickly becoming ( ) insert country of your choice.

  • 4 weeks later...

Ah, saw the headline and thought you had left it lying in your room before inviting a lady of the night over and falling asleep drunk...

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