Ex-bank loan officer arrested for embezzlement and forgery

Officers from the Public Sector Anti-Corruption Commission (PACC) and the National Anti-Corruption Commission (NACC) arrested a former senior bank loan officer on charges of document forgery and embezzlement, leading to a loss of over one million baht.

Commander of the PACC, Police Major General Prasong Chelimphanth, directed an operation alongside NACC Region 6 Director, Suphap Siri to apprehend 43 year old Theepat based on an arrest warrant issued by the Central Criminal Court for Corruption and Misconduct Cases.

The arrest occurred in the parking lot of a convenience store on Liap Maenaretsuan Road, Tha Pho Subdistrict, Mueang District, Phitsanulok Province.

Theepat, a former senior leasing officer at a well-known bank, was accused of collaborating with a friend who owned a used car dealership. The duo allegedly created fake documents and altered contracts to redirect funds and commissions to their benefit.

The fraudulent activities date back to 2013 when Theepat was responsible for overseeing used car market leasings. He admitted to orchestrating multiple instances of document forgery, causing damages exceeding one million baht before his eventual capture.

Investigations revealed that he used to work as a loan officer at a private bank for over ten years, gaining expertise in finance and marketing, proving crucial in identifying loopholes for fraudulent activities. He later moved to a state-owned bank while still grappling with significant gambling debts and the financial needs of his family.

Upon the discovery of his operation, Theepat was fired from his employment. He changed his name and attempted to evade authorities but faced a three-year prison sentence for exceeding the credit card limit of a friend and failing to repay.

He admitted that his fraudulent activities involved document forgery, embezzlement, collecting commissions alongside receiving other financial benefits, which Theepat used to clear his debts.

The fraudulent actions continued until he was apprehended and subsequently brought before the Central Criminal Court for Corruption and Misconduct Cases to face legal proceedings.

The authorities have vowed to continue their investigation to uncover any additional fraudulent activities and ensure that those involved are held accountable under the law, reported KhaoSod.