DSI probe into cooperative unveils fishy land deals
PIYANUT TAMNUKASETCHAI
THE SUNDAY NATION

BANGKOK: -- THE DEPARTMENT of Special Investigation's examination of financial transactions relating to the Klongchan Credit Union Cooperative embezzlement has found that up to three land plots covering as much as 1,000 rai (395 acres) were bought using stolen money and then transferred to other people in a bid to avoid detection.

If they were deemed to be ill-gotten property, the plots could be seized and auctioned to get money for victims of the embezzlement, a source at the DSI investigation team said.

In relation to the DSI's investigation into people who may have received money from the credit union's former chairman Supachai Srisupa-aksorn, the source said that public prosecutors had instructed the investigators to check every cheque Supachai had signed and every one of those cheques cashed in order to determine the gang's criminal behaviour.

The source said senior officials had contacted the investigation team to find out if criminal code procedures against those who had received money would end if they returned the money in full. The investigators replied that behaviour deemed to be money laundering or receiving stolen money or stolen property would result in a criminal action regardless of whether the money was returned, the source said, adding that the authorities would seize the ill-gotten money and items.

The DSI will begin summoning those accused of taking cheques from Supachai next week, beginning with Phra Khru Paladwijahn on Thursday followed by Phra Montree Sudapaso on Friday. Representatives from 17 companies are slated to testify from March 16-20, while Dhammakaya Temple abbot Phra Dhammachayo is to meet investigators on March 26.

Source: http://www.nationmultimedia.com/national/DSI-probe-into-cooperative-unveils-fishy-land-deal-30256031.html

-- The Nation 2015-03-15

Ok I give up.

To date, given the multiple cases within this massive scam and by now the overwhelming evidence, when are the authorities actually going to take Supachai and his cronies to the court and charge them?

Ok I give up.

To date, given the multiple cases within this massive scam and by now the overwhelming evidence, when are the authorities actually going to take Supachai and his cronies to the court and charge them?

The usual softly, softly as important or connected people likely to be involved.

Ok I give up.

To date, given the multiple cases within this massive scam and by now the overwhelming evidence, when are the authorities actually going to take Supachai and his cronies to the court and charge them?

The usual softly, softly as important or connected people likely to be involved.

It has been alleged that certain very influential people are at play here. The outright disinterest from anyone in authority and massive delay in doing anything at all for so long would certainly point to this.

And of course the vast amount of money involved.

Ok I give up.

To date, given the multiple cases within this massive scam and by now the overwhelming evidence, when are the authorities actually going to take Supachai and his cronies to the court and charge them?

The usual softly, softly as important or connected people likely to be involved.

It has been alleged that certain very influential people are at play here. The outright disinterest from anyone in authority and massive delay in doing anything at all for so long would certainly point to this.

And of course the vast amount of money involved.

. I guess this also explains the delay in granting the whistleblower protective custody, stretch it out a bit longer and he won't need it.

Agree. Hopefully they will start taking firm action from tomorrow.

Millions upon millions of dollars.....very high ups implicated........no action necessary....moving on.....

Of course influence people are involved. Dhammakaya were/are not interested in the ordinary people except as part of the dramatic shows.

The reality is that there are many people that have been fooled by this organisation/individuals within it and unless there is very clear evidence there is the potential for a lot of trouble being caused. There is a long way to go and a lot more to be uncovered by the investigations. As much as I want to see charges made (for more reasons than most here) it would be foolish to act in haste.

There are the ongoing investigations in the OP - but also the DSI needs to examine the relationships with the 32 other Credit unions that made illegal loans to the KCCU. This would need to be extended to find out what if any "donations" were made by the 32 to Dhammakaya at or about the time of the loans. DSI also need to examine all large withdrawals from the KCCU in the period prior to withdrawals being stoped to see if there was "insider trading" involved.

The other day the Teaches credit union was identified as one of the deposit holders who had money they could not access. While the number of depositors affected by the inability to withdraw their money the total number of people who have been effected will be much larger. There is a political reality that the more people that are identified as being victims of the scam the more freedom the authorities will have in addressing the issues. The meeting on 20 of March could be very interesting.

Fishy deals! This reminds me of the US Savings and Loan crisis of the 1980's & 1990's. Fraud and corruption was there all the way around. This is not to mention the 2008 global banking meltdown where they are not only too big to fail, they're also to big to jail.

Of course influence people are involved. Dhammakaya were/are not interested in the ordinary people except as part of the dramatic shows.

The reality is that there are many people that have been fooled by this organisation/individuals within it and unless there is very clear evidence there is the potential for a lot of trouble being caused. There is a long way to go and a lot more to be uncovered by the investigations. As much as I want to see charges made (for more reasons than most here) it would be foolish to act in haste.

There are the ongoing investigations in the OP - but also the DSI needs to examine the relationships with the 32 other Credit unions that made illegal loans to the KCCU. This would need to be extended to find out what if any "donations" were made by the 32 to Dhammakaya at or about the time of the loans. DSI also need to examine all large withdrawals from the KCCU in the period prior to withdrawals being stoped to see if there was "insider trading" involved.

The other day the Teaches credit union was identified as one of the deposit holders who had money they could not access. While the number of depositors affected by the inability to withdraw their money the total number of people who have been effected will be much larger. There is a political reality that the more people that are identified as being victims of the scam the more freedom the authorities will have in addressing the issues. The meeting on 20 of March could be very interesting.

Fully agree with your comments. I too have reason to be very interested in this.

It would seem that this whole issue is the tip of very big iceberg so inevitably it will involve a lot of influential people in many organisations and elsewhere throughout the country.

Let's see what happens...

One wonders given the amount of money involved and now it seems the groups of people involved are any members of this site involved in the losses, i.e.members with teachers as partners or farmers etc ?

One person has already stated that he or she has an interest in the matter

Any more in the same position?

One wonders given the amount of money involved and now it seems the groups of people involved are any members of this site involved in the losses, i.e.members with teachers as partners or farmers etc ?

One person has already stated that he or she has an interest in the matter

Any more in the same position?

My wife invested a modest amount of money as the interest rate was promised at 10%. She and countless others have been given the run around for about two years. During that time, KC also kept calling her to keep investing, at the very time money was being stolen!

As is known the DSI team assigned to investigate did nothing - and probably colluded to do nothing - for about a year.

She is now a member of a group of investors striving to get answers and justice. We know her and their investment is lost, it's very unlikely she and many others will ever see their money again.

That's - of course - part of the issue; however we are now seeing a very dedicated group of people who are absolutely committed to getting justice and the wrong doers charged with embezzlement and other criminal charges.

Ok I give up.

To date, given the multiple cases within this massive scam and by now the overwhelming evidence, when are the authorities actually going to take Supachai and his cronies to the court and charge them?

I was thinking in broader terms, specifically:

Despite the headlines over the years being awash in DSI investigating this or DSI investigating that...

When was the last time anyone can recall a DSI case actually leading to criminal convictions and sentencing???

I can't think of any in recent memory!

Phuket illegal land owners? Forest encroachers? Luxury car illegal importers? Money laundering? etc etc etc?? Administrative seizures, yes... Prosecutions????

The source said senior officials had contacted the investigation team to find out if criminal code procedures against those who had received money would end if they returned the money in full.

Ahh... the ever familiar anonymous "senior officials" who received the stolen funds and now seeking to avoid prosecution....

Fishy Land Deals?

Am I the only one to notice that Fishy Land is a clear oxymoron?

Unless its a catfish farm development, In which case I am mistake.

.

and this is just for one bank / credit union

how many more skelettons would fall out of the closets if they started a nationwide cleaning ?

One wonders given the amount of money involved and now it seems the groups of people involved are any members of this site involved in the losses, i.e.members with teachers as partners or farmers etc ?

One person has already stated that he or she has an interest in the matter

Any more in the same position?

My wife invested a modest amount of money as the interest rate was promised at 10%. She and countless others have been given the run around for about two years. During that time, KC also kept calling her to keep investing, at the very time money was being stolen!

As is known the DSI team assigned to investigate did nothing - and probably colluded to do nothing - for about a year.

She is now a member of a group of investors striving to get answers and justice. We know her and their investment is lost, it's very unlikely she and many others will ever see their money again.

That's - of course - part of the issue; however we are now seeing a very dedicated group of people who are absolutely committed to getting justice and the wrong doers charged with embezzlement and other criminal charges.

EMRON comes o mind

"important or connected people likely to be involved."

Lets call them lowlife scumbags, that don't give a damn about their country or people.

Ok I give up.

To date, given the multiple cases within this massive scam and by now the overwhelming evidence, when are the authorities actually going to take Supachai and his cronies to the court and charge them?

The usual softly, softly as important or connected people likely to be involved.

It has been alleged that certain very influential people are at play here. The outright disinterest from anyone in authority and massive delay in doing anything at all for so long would certainly point to this.

And of course the vast amount of money involved.

Better they take their time to do it properly rather than rush it and bodge it all up and let some people off the hook.

They never keep any white-collar criminals ON the hook....

Welcome to Thailand! The more important people are involved, the less that will happen.

Ok I give up.

To date, given the multiple cases within this massive scam and by now the overwhelming evidence, when are the authorities actually going to take Supachai and his cronies to the court and charge them?

maybe the authorities are making time for the silencing of the accused? maybe not...

Even if we were allowed to own land who the hell would want to? What is to say that say after 5 years of settling in with your life savings invested some Thai starts to knock on your door asking for money saying the land is his and the title is illegitimate? Go to court, fees, corruption, perhaps a visit at 3 am to "Fix things". Until the root causes are fixed (Total corruption), stay safe and RENT, its cheap enough and the best thing is you can "Flee the scene" if there are any major problems as your cash is not invested.

Can we make a, very, wild, guess about who some of those 'other people' might be, and the colour of the clothing they share (no, not red)? How many millions of Thais, some of them among the most wealthy/powerfull/influential ones (yes, including the ones owning the reds), do ET's next cousin and the people from the flying saucer's army control, ...or have 'special ties' with, not to have been nailed on a wall, once and for all, looong time ago? When this is not the infamous 'third hand' we heard so much about, then it must be the 'fourth hand' for sure...

"important or connected people likely to be involved."

Lets call them lowlife scumbags, that don't give a damn about their country or people.

How do you dare insulting the leading class of this country? LOL

They never keep any white-collar criminals ON the hook....

Not even speaking about the ones wearing a safron robe...

Who allows these news releases to be printed without being proof read? What great writing; first paragraph states that land was bought with stolen funds and then transferred to others in an attempt to avoid detection. Second paragraph, If the land was deemed to be ill gotten. What does one have to do for ill gotten gains be deemed a crime.

Then we have the senior officials who contacted the DSI to ask if the funds were returned would the criminal code procedures end. How do these people get to be senior officials. So now we not only have a full blown fraud involving many senior people but also a comedy show involving dumb and dumber. You couldn't make this up if you tried, but then, where are we? Just amazing.

And this is a surprise to whom? The government?

Ok I give up.

To date, given the multiple cases within this massive scam and by now the overwhelming evidence, when are the authorities actually going to take Supachai and his cronies to the court and charge them?

maybe the authorities are making time for the silencing of the accused? maybe not...

Going from the news article the other day, it more looks like they are making time to get the witnesses silenced.