Amlo seizes Bt100m of 'KMITL assets'

[Lite Beer]

Amlo seizes Bt100m of 'KMITL assets'
Piyanut Tumnukasetchai,
Supachai Petchthewee
The Nation

BANGKOK: -- Money, land taken from 21 people; More warrants issued after Bt1.5-bn theft

The Anti-Money Laundering Office (Amlo) has seized assets worth Bt100 million from the gang that allegedly stole some Bt1.5 billion from King Mongkut's Institute of Technology Lat Krabang (KMITL).

Among the 178 items on the seizure list is a Lamborghini that actor Pakorn Chatborirak bought from suspect Kittisak Matthujad.

Meanwhile, Min Buri Court

yesterday approved arrest warrants for Kittisak's close aide Pada Buakhao and another man, Thawatchai Yimcharoen.

Pada, who is accused of carrying out money transactions with Kittisak, told The Nation that he had nothing to do with the crime and that he had become "closer than a friend" with Kittisak for seven months after knowing him for just over a year.

Pada said he had never received wired money from Kittisak and he urged the authorities to provide him with justice.

He said he would cooperate with police.

Amlo chief Pol Colonel Srihanart Prayoonrat told a press conference yesterday that this was the agency's first asset seizure in the case and that they were separate from assets seized by police. There would be more seizures, as the gang had transferred assets to many people.

Srihanart said the assets seized by Amlo included money in 130 bank accounts, seven Government Savings Bank-issued lottery tickets, 30 land plots and the buildings on them, two condominium units, six luxury cars and three motorcycles.

He said the assets were owned by 21 individuals and three juristic entities, namely Matthujad Co, Grand Bucket Universal Service Co and Acting One Entertainment Co.

He said the seizures were based on Amlo's detection of transaction irregularities, most of which consisted of money wired from KMITL accounts.

Kittisak bought the Lamborghini with Bt19.5 million in embezzled money, Srihanart alleged, adding that the agency would try to find out why the vehicle was sold to Pakorn for only Bt13.5 million. He said Pakorn would soon be required to surrender the Lamborghini to Amlo, which would summons the car dealership in Bangkok's Rama IX area to determine whether Kittisak's cash purchase of the vehicle was reported to the agency as required by law.

The Amlo boss said the agency would summon the holders of the assets to explain within 90 days how they obtained them.

The probe, he said, was yet to link actress Savika Chaiyadej to the crime although she was a 30-per-cent shareholder in Kittisak's TV-production company.

She claimed this occurred without her knowledge.

Source: http://www.nationmultimedia.com/national/Amlo-seizes-Bt100m-of-KMITL-assets-30251644.html

-- The Nation 2015-01-10

[BSJ]

Good to see government agencies doing what's right.

[Lite Beer]

Boy’s Lamborghini will be impounded by AMLO

BANGKOK: -- The Anti-Money Laundering Office has decided to impound the Lamborghini super car bought by popular TV star Pakorn “Boy” Chatborirak from Kittisak Matthujad, a member of anembezzling gang blamed for stealing about 1.6 billion baht from King Mongkut’s Institute of Technology LatKrabang.

AMLO secretary-general Pol Col Sihanart Prayoonrat said Friday that a notification would be sent to Pakorn to surrender the Lamborghini to AMLO because the super car was regarded as an illegal item as it was bought by Kittisak from a car company using the money stolen from KMITL before it was sold to the actor.

He said that the luxurious car was bought by Pakorn at an unusually low price, 13.5 million baht against 19.5 million baht normal price.

The police colonel said AMLO would summon a representative of Car Tack company on Rama IX road for interrogation about the car deal between the company and Mr Kittisak.

Car company is required by law to report to AMLO all car deals which are done in cash, failing that the company is liable to fine.

AMLO has so far sequestered 178 items of valuables worth 100 million baht, including Boy’s Lamborghini, from the embezzling gang.

Source: http://englishnews.thaipbs.or.th/boys-lamborghini-will-impounded-amlo

-- Thai PBS 2015-01-09

[slapout]

another deal ''too good to be true'', sure enough, it was. ill gotten funds used to nake purchases put those purchases in the position to be siezed to make restitution to the the company/individual who was orginally cheated/robbed.

[clockman]

All smoke and mirrors. T.I.T.

[docshock13]

Grand Bucket Universal Service Co...

[dddave]

Grand Bucket Universal Service Co...

Catchy name, that.

[Robby nz]

Only 1.4 billion to go then.

Still the fact that they are grabbing assets is a step in the right direction, lets hope they continue in the same spirit with all the other corruption that is being exposed.

[Lite Beer]

Assets of B100m frozen in KMITL case

THAILAND: The Anti-Money Laundering Office (Amlo) has seized assets worth more than B100 million from people allegedly connected with the King Mongkut's Institute of Technology Ladkrabang (KMITL) embezzlement scam.

Amlo secretary-general Seehanat Prayoonrat said a total of 178 assets were frozen, including deposits in 130 bank accounts, seven bundles of Government Savings Bank lottery tickets, two accommodation units, 30 properties, six cars and three motorcycles.

The seizure was important, as these assets are easy to conceal or transfer to others, which may have impeded Amlo's efforts to track them in the future, Pol Col Seehanat said.

The assets belong to 21 entities, including Songklod Sriprasong, former manager of Bank of Ayudhya's Big C Srinakarin branch, Amporn Noisamrit, head of the KMITL's financial division, Poonsak Boonsawat, Kittisak Muttujad, Muttujad Co, Grandbucket Universal Service Co, Acting One Entertainment Co and the well-known actor Pakorn "Boy" Chatborirak.

The Amlo chief said the office is convinced Mr Songklod and Ms Amporn colluded to embezzle 1.1 billion baht from the KMITL.

"The Lamborghini that belongs to Mr Pakorn had to be seized because an irregularity was detected," Pol Col Seehanat said.

The actor bought the vehicle from Mr Kittisak for B13.5 million, which is unusually low, compared with the B20 million Mr Kittisak spent on the car with embezzled money, he said.

According to Pol Col Seehanat, the owners of all the frozen assets must come to testify before Amlo officers. If they are unable to suitably explain how they came to have their assets, approval will be sought from the court to confiscate them, he said.

Amlo has already issued orders to summon those connected to the frozen assets, he said.

Pol Col Seehanat said the assets are only the first batch to be frozen, adding that he believed many more assets are still hidden or have been transferred to others.

An investigation is under way to look at those who are not suspects but are linked to the case through their assets. There is a possibility their assets could also be frozen, he said. They must present evidence of how they obtained the assets within 30 days.

According to the Amlo chief, the probe found Ms Amporn directly obtained B53 million from 12 major money transactions involving the KMITL accounts.

Ms Amporn allegedly transferred B246 million to Mr Kittisak, who used the money to buy land, seven bundles of Government Savings Bank lottery tickets and luxury cars.

Meanwhile, a court yesterday issued arrest warrants for two more suspects, Phada Buakaw, who is close to Mr Kittisak, and Thawatchai Yimcharoen.

Mr Phada and Mr Kittisak were found be linked through money transactions, according to Crime Suppression Division (CSD) deputy chief Pol Col Nos Sawetlek.

Mr Phada was later arrested at his home in Pathum Thani yesterday afternoon. Mr Kittisak is believed to have fled abroad.

The CSD will work closely with Amlo to find ways to track and freeze more assets involved in the embezzlement case, Pol Col Nos said.

-- Phuket News 2015-01-10

[clockman]

But always very selective! Alot more sectors. Need close scrutiny!