Bank manager sued for fraudulent dealings

[Lite Beer]

Bank manager sued for fraudulent dealings
The Nation

BANGKOK: -- Some 20 individuals yesterday filed a lawsuit against a former Government Savings Bank manager, accusing her of fraud and allegedly cheating them and many others out of Bt200 million.

Kankanit Sriwiset, a nurse who led the group, said former bank manager Uengkaew Samphao had convinced her to invest in a loan project that allegedly offered an interest of 10 per cent.

She said that after she earned a profit as promised, Uengkaew then encouraged her to get her friends and relatives to invest in the scheme. However, the Crime Suppression Division police was not told if the investment was a legitimate one and also officially offered to other members of the public.

Kankanit said her friend and relatives alone gave Bt28.5 million to the manager, who also allegedly took money from her colleagues at the bank's branch in Kham Khuan Kaeo district in Yasothon. Uengkaew was later investigated for her dealings and suspended before eventually being sacked.

Source: http://www.nationmultimedia.com/national/Bank-manager-sued-for-fraudulent-dealings-30238915.html

-- The Nation 2014-07-19

[ratcatcher]

Allegedly cheated people out of B200 million and is only sacked. Strange, but more news may follow.

[noitom]

Thais collude often with bank officials to "introduce" and get part of the take. The Thai military dictatorship should be cleaning up this terrible Thai bank hustling and laundering. The military dictatorship needs to publicly haul off a few Thai Mr. Big bankers.

[shirtless]

Never trust a banker they are the biggest crooks on this earth.

[fatfather]

A nurse and her friends invest 28+ million and complain about cheating? Wonder how she made this big money without cheating. Jacky complains about Jack!

Fatfather

Sent from my HTC One_M8 using Thaivisa Connect Thailand mobile app

[pitrevie]

You get offered a 10% interest in this day and age, that alone should raise the warning flags.

[smutcakes]

Sounds like a lovely Ponzi scheme, obviously most people when promised 10% returns would immediately raise eyebrows!

[Loptr]

Sounds like a lovely Ponzi scheme, obviously most people when promised 10% returns would immediately raise eyebrows!

I dunno, the S&P is up 80% in the last year, although one could call the equity markets the greatest ponsi scheme of all these days...

[IMA_FARANG]

In my personal opinion Capitalists are the lowest form of human being, and bankers are at the bottom rung of Capitalists.

But that's just my personal opinion.

[clockman]

Only Bangkok Bank, is recognized internationaly!

[trainman34014]

Strange that she never had to face criminal charges and spend some time in the clanger isn't it ? One can only presume that in this land full of corrupt cheats and liars somebody higher up the ladder of 'authority' was paid off to let her retire gracefully. The people suing her will most likely end up with nothing.... they call it 'justice' in the land of scams.

[Nemesis7]

Just another scam in LOS. Keep smiling.

[rotary]

Sounds like Bernie Madoff deal or the USA social security system.

[Thai at Heart]

Bank managers do all sorts of weird and wonderful things and push investments to clients.

Who do you think you pay to put up the show sin sot?

[wabothai]

The victims are carefully chosen by this lady. She should be banned from the banking business for life, and sit for a few years.

[wabothai]

The victims are carefully chosen by this lady. She should be banned from the banking business for life, and sit for a few years.

[metisdead]

An off topic deflection post has been removed.

[Zeegator]

A nurse and her friends invest 28+ million and complain about cheating? Wonder how she made this big money without cheating. Jacky complains about Jack!

Fatfather

Sent from my HTC One_M8 using Thaivisa Connect Thailand mobile app

Try interpreting the report correctly, the nurse and her friends and relatives invested 28m baht. I think there is a fairly good chance that there were many of them and the nurse is probably not the cheater you accuse her of being.

[fatfather]

A nurse and her friends invest 28+ million and complain about cheating? Wonder how she made this big money without cheating. Jacky complains about Jack!

Fatfather

Sent from my HTC One_M8 using Thaivisa Connect Thailand mobile app

Try interpreting the report correctly, the nurse and her friends and relatives invested 28m baht. I think there is a fairly good chance that there were many of them and the nurse is probably not the cheater you accuse her of being.

The nurse and her friends and relatives.....

Must have been lots of friends and relatives to have such big money aside. I just doubted it comes from her earnings.

Fatfather

Sent from my HTC One_M8 using Thaivisa Connect Thailand mobile app

[metisdead]

After review, another off topic post has been removed as well as a reply.

[Farma]

A nurse and her friends invest 28+ million and complain about cheating? Wonder how she made this big money without cheating. Jacky complains about Jack!

Fatfather

Sent from my HTC One_M8 using Thaivisa Connect Thailand mobile app

Maybe you need to get out a bit more. Just because she's a nurse doesn't mean she's just out of nursing school and earned the money from nursing. I know a nurse who married into a well off family. She and her husband has just completed a 4 storey block of apartments that they are selling.

I also heard of a few friends of my wife who invested in a scam like this recently and lost around B2 million. Maybe it's the same scam but who knows.

[belg]

28.5 million from a NURSE ???????????

[Loptr]

In my personal opinion Capitalists are the lowest form of human being, and bankers are at the bottom rung of Capitalists.

But that's just my personal opinion.

Welcome to the collective comrade... Resistance is futile...

[Thighlander]

In my personal opinion Capitalists are the lowest form of human being, and bankers are at the bottom rung of Capitalists.

But that's just my personal opinion.

And how is it you feed yourself?

[tomyummer]

In a town where it's so easy to falsely claim financial windfalls under an institutes name and flee the country when crap hits the fan, it's a wonder how and why people can still play the game.

[cgphuket]

A nurse and her friends invest 28+ million and complain about cheating? Wonder how she made this big money without cheating. Jacky complains about Jack!

Fatfather

Sent from my HTC One_M8 using Thaivisa Connect Thailand mobile app

Well...you have somewhat of a point. They could have sold some family held land, that seems the only way "real" people come into money. I have yet to see an honest Thai make millions of baht through work. Business owners don;t pay people, so its not possible. Money comes either through corruption, illegal activities, or family handouts.

[tingtongteesood]

Hell of a lot more pyramids here than Egypt ever had.....

[atyclb]

A nurse and her friends invest 28+ million and complain about cheating? Wonder how she made this big money without cheating. Jacky complains about Jack!

Fatfather

Sent from my HTC One_M8 using Thaivisa Connect Thailand mobile app

Try interpreting the report correctly, the nurse and her friends and relatives invested 28m baht. I think there is a fairly good chance that there were many of them and the nurse is probably not the cheater you accuse her of being.

The nurse and her friends and relatives.....

Must have been lots of friends and relatives to have such big money aside. I just doubted it comes from her earnings.

Fatfather

Sent from my HTC One_M8 using Thaivisa Connect Thailand mobile app

I had a nurse friend that started at a salary of 6000 /month bt her family was well off. Perhaps this nurse family is doing ok?

[seabear]

In my personal opinion Capitalists are the lowest form of human being, and bankers are at the bottom rung of Capitalists.

But that's just my personal opinion.

And who, in your (personal) opinion, are the highest form of human being, comrade ?

[Phatcharanan]

A nurse and her friends invest 28+ million and complain about cheating? Wonder how she made this big money without cheating. Jacky complains about Jack!

Fatfather

Sent from my HTC One_M8 using Thaivisa Connect Thailand mobile app

Yeah.........its not like they have ever been handed down property from parents, owned land or took out loans on land huh?

Pitiful post.