Luxury car executive busted for 160m baht tax dodge
A 48 year old executive of a luxury car import company was apprehended in Ayutthaya for allegedly evading taxes amounting to 160 million baht. The car executive, Chakri, claims his identity was wrongly used, suggesting someone registered the company using his personal information without his knowledge.
Yesterday, February 5, Police Colonel Tatsapoom Jaruprat, acting commander of the Economic Crime Suppression Division (ECDD), along with his team, arrested Chakri in Bang Pa-in district, Phra Nakhon Si Ayutthaya. The arrest was based on a warrant issued by the Criminal Court on January 21 for tax evasion.
Earlier, the Revenue Department discovered that a company dealing in luxury cars and parts had avoided tax payments. An investigation into its tax filings from 2011 to 2015 revealed declared income of approximately 400 million baht (US$12 million). However, a bank account review showed deposits exceeding 1 billion baht (US$29.7 million).
The Revenue Department believed the company deliberately avoided tax payments, causing state losses of over 160 million baht (US$4.75 million). They reported the matter to the ECDD, which led to Chakri’s arrest. Officials found him hiding in Phra Nakhon Si Ayutthaya.
During questioning, Chakri denied being a company executive or holding any authoritative position. He admitted applying for a driving and sales job at the company, during which he submitted personal documents, reported KhaoSod.
Unaware of their misuse of company registration, Chakri believes this led to his arrest. He is now in custody for further legal proceedings with the ECDD.
In similar news, two Thai luxury car importers surrendered to the Department of Special Investigation (DSI) on December 26 last year, for tax evasion after avoiding paying 59 million baht in taxes on four Lamborghini cars.
DSI seized four Lamborghini Gallardos last year after finding that these cars were imported into the country without paying tax. The four cars were imported between July and October 2013, including the grey, white and black Lamborghini Gallardos.
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