KMITL staff, students call on bank to help
The Nation



BANGKOK: -- STUDENTS AND teachers of the King Mongkut's Institute of Technology Latkrabang (KMITL) yesterday submitted an open letter to the Siam Commercial Bank (SCB) asking it to clarify its stance in the Bt1.474 billion embezzlement and theft case.

SCB responded by saying it had been cooperating with police and KMITL all along.

In the letter, KMITL students and teachers urged SCB and other related commercial banks to cooperate with the police probe.

SCB executive vice-president for fraud management, Pongsit Chaichutpornsu, admitted the bank's disciplinary committee had ruled that they did not trust former bank employee Songklod Sriprasong at the centre of this case.

Songklod had violated procedure by withdrawing money without a confirming signature. Though the bank's inquiry into KMITL executives confirmed the withdrawn amount, it only asked Songklod to resign, Pongsit said. Since the action was not regarded as corruption, but merely suspicious, his name was not blacklisted, he added.

Police spokesman Prawut Thavornsiri said police would submit an extradition request for another suspect Kittisak Mattujad, who fled to the United Kingdom, to the public prosecutor today. Crime Suppression Division (CSD) police took Kittisak's mother, Radom Mattujad, to Min Buri Court to seek a 12-day detention order.

They are probing allegations that she helped Kittisak to launder the stolen money by buying and reselling assets worth Bt100 million in 2011-2012. Police objected to her bail release as they consider her a flight risk. Radom claims innocence.

CSD deputy commander Pol Colonel Nos Sawetlek said police also kept Kittisak's sister, Jutharat Padpai, in custody pending further investigation. The two women testified to police on Monday, as they were among 29 people summoned for suspected links to the case.

As for gold shop owner Surapop Tangpradit, Nos said the man claimed Kittisak wired him Bt6.2 million for investment and that he was not involved in the theft.

Police have dropped the request for his arrest warrant.

Source: http://www.nationmultimedia.com/national/KMITL-staff-students-call-on-bank-to-help-30252295.html


-- The Nation 2015-01-21

the bank tought of nothing wrong when millions were transferred to private persons, right...

the bank tought of nothing wrong when millions were transferred to private persons, right...

Naah...just normal renumerations rendered for 'special services'...very common in Thai society.

The normal man on the street wants to transfer an amount of

THB or other currencies and there is all kinds of red tape

involved,The Bank in this case has a lot to answer for,but

the blame will all be at the door of the ex manager.

regards Worgeordie

Now there are truth be known people of influence are very heavily involved in this matter, those people had or still have got to be in positions of power and are now frantically trying to divert the investigation away from the truth.

The same scenario has got be in place at S.C.B. As has been said you want to move money over a certain figure the bank wants to know all the details including the time and weight no doubt of your last bowel movement.

The confirmation of the above facts in my view are the main clues to this situation.One only needs to look at the sums involved along with the time span of this fraud, theft call it what ere one may.

The attitude of the bank concerning their now ex employee and his actions not being investigated and the ex employee not being blacklisted indeed leaves much to be desired or a suspicion of involvement by those in senior management levels at both S.C.B. and K.M.I.T.L.

The gentle effluvium of deceit and rampant corruption indeed stimulates ones olfactory senses as that indelicate effluvia drifts past and also to a degree up ones proboscis.

The normal man on the street wants to transfer an amount of

THB or other currencies and there is all kinds of red tape

involved,The Bank in this case has a lot to answer for,but

the blame will all be at the door of the ex manager.

regards Worgeordie

No red tape at all when transferring funds bank to bank within Thailand.

How can KMITL lose something like fifty million dollars and continue operating, let alone take so long to even notice it?