Supachai in Court-ordered Detention Until April 13th Pending DSI Investigation

[Jacob Maslow]

The Department of Special Investigation (DSI) has announced that Supachai will be kept in court-ordered detention. The detention follows a long investigation into the ex Klongchan Credit Union chairman’s alleged embezzlement of 27 million baht.

Supachai has not yet been detained throughout the entire DSI probe despite charges pending. His lawyer attempted to have him freed on bail with two land deeds that had a value of 1 million baht being offered. The court denied the bail attempt.

Investigations into Supachai have been ongoing since August of 2014 after a group accused him of embezzling 27 million baht. The money was said to be used with board approval and withdrawn against regulations.

Supachai may also be facing money-laundering charges. He transferred much of his assets to an executive of the SW Holding Group. Currently, DSI states that they are following money that has been traced back to Superchai and gathering information into the case

The team behind the investigation is trying to determine if money earned from selling land was deposited into his own accounts. The Anti-Money Laundering Office is scheduled to meet with Klongchai executives next Friday to discuss matters related to assets that have been seized due to the investigation.

Supachai will be detained until April 13^th.

-- 2015-04-03

[jerojero]

Give him bail! 27 million. And confiscate his passport. Then he's happy!

[Rhys]

Wait a minutes, wasn't this the dude who was trying to pay for the top post at the United Nations, during TS time?

[NeverSure]

Is this the same Supachai of this same credit union, and the same embezzlement that The Nation has several times said was 12 billion baht?

27 million is for amateurs, LOL.

The Nation