Connect with us

Thailand

Two arrested over B1.6bn university embezzlement

Published

 on 

PHUKET MEDIA WATCH

– Thailand news selected by Gazette editors for Phuket’s international community

Two arrested over B1.6bn university embezzlement
The Nation / Phuket Gazette

PHUKET: Following the arrest yesterday of two suspects for allegedly embezzling some 1.6 billion baht from King Mongkut’s Institute of Technology Lat Krabang (KMITL), the institute said a committee had been working over the past week with a view to establishing the facts, gathering more evidence against the alleged wrongdoers and retrieving the lost money.

The Anti-Money Laundering Office (AMLO) has now helped the police trace related money transactions involving more accomplices in the embezzlement.

Police believe many people were involved in the scam, while KMITL’s acting rector said he was not sure if any previous administrative executives were implicated. While acknowledging that the lost money had been held in reserve, hence its disappearance could affect future useful projects, Monai Krairiksh insisted the loss had not affected KMITL projects, or teaching and learning.

He said that the institute would cooperate with the police investigation, and that its committee had already gathered evidence and was ready to hand it over to the police upon request.

Police spokesman Pol Lt Gen Prawuth Thavornsiri told a press conference that two suspects – KMITL finance division head Ampon Noisamrit, 56, and the ex-manager of Bank of Ayudhya’s Big C Srinakarin branch, Songklod Sriprasong, 40 – had been apprehended to face charges of forgery and using fake KMITL documents, and colluding to embezzle the institute’s money over a two-year period.

Only Songklod, arrested in the On Nuj area, was presented at yesterday’s press conference because Ampon, whose salary is being withheld by KMITL pending the outcome of the investigation, was receiving medical treatment for diabetes at a Bang Na private hospital, he said.

“Police will extend these arrests to apprehend more accomplices, as the money was transferred to a third person’s bank account,” he said, adding that the matter was also being referred to the AMLO.

Gen Prawuth said yesterday’s arrests had stemmed from KMITL’s investigation on December 12 into the missing money and alleged document forgery, which led to a police complaint being filed on December 16 against Ampon and Songklod.

Suspicion first arose in October after Ampon reportedly withdrew 80mn baht from KMITL’s bank accounts in order to deposit the money into another account at the Bank of Ayudhya’s Big C Srinakarin branch, where Songklod then served as manager, for a higher interest rate, the spokesman explained.

The institute became suspicious of the strange cashier’s-cheque issuance and launched an investigation, during which it discovered that the recipient account belonged to another person, identified as Poonsak Boonsawat.

But by that time, the account was closed and the 80mn baht was gone.

The institute then checked other three accounts back until 2012 and found they were false accounts, which had been emptied of 510mn baht, 314mn baht and 759mn baht, respectively. So, the total loss stood at 1.663bn baht, including the 80mn baht withdrawn in October, the spokesman said.

Songklod reportedly admitted knowing Ampon for a decade as a customer, but denies any wrongdoing.

He claims that all transactions seemed to have proper documentation, and that Ampon’s senior official status at a well-known institute made him trust her and believe that nothing corrupt was going on, Prawuth said.

Songklod said he had left his job at the bank job two months ago after failing to pass his probation as manager, the spokesman added.

— Phuket Gazette Editors

 

Get more from The Thaiger

Join the conversation and have your say on Thailand news published on The Thaiger.

Thaiger Talk is our new Thaiger Community where you can join the discussion on everything happening in Thailand right now.

Please note that articles are not posted to the forum instantly and can take up to 20 min before being visible. Click for more information and the Thaiger Talk Guidelines.

Click to comment

You must be logged in to post a comment Login

Leave a Reply

Archiving articles from the Phuket Gazette circa 1998 - 2017. View the Phuket Gazette online archive and Digital Gazette PDF Prints.

Follow Thaiger by email:

World6 hours ago

25 arrested in Germany suspected of leading a ‘right-wing’ coup

Thailand9 hours ago

23 military students hospitalised after being trained too hard

Thailand9 hours ago

Thailand News Today | British man who loves Thailand banned for 5 years for overstaying

Sponsored11 hours ago

Top 5 Backlink Agencies in Bangkok for Your Business

Crime9 hours ago

Police arrest another Chinese visa overstayer living it up in Thailand

Hot News9 hours ago

Christmas present to Phuket motorists: Patong Hill road to reopen

Thailand10 hours ago

Firework maker killed in firework accident in eastern Thailand

Join the conversation on the Thaiger Talk forums today!
Thailand10 hours ago

Lao star swindled by Thai celebrity, more than 500 million baht lost

Thailand11 hours ago

Father chains up daughter and forces her to return to abusive husband

China11 hours ago

China mulls downgrading Covid-19 status as protests continue

Business11 hours ago

Tesla to launch in Thailand this month

Apple11 hours ago

Two women sue Apple saying AirTag product gives stalkers access to their whereabouts

Thailand12 hours ago

Electioneering: Thaksin’s daughter vows to end poverty in Thailand

Thailand12 hours ago

Thai travel agent group says travel restrictions hamper tourism growth

Hot News12 hours ago

Thailand pushes for more international flights as tourism surges

Crime12 hours ago

Man stabs passersby in Bangkok, 1 killed 1 injured

Thailand1 year ago

Morning Top Stories Thailand | Police to end protests, Human Trafficking | September 14

Thailand2 years ago

Thailand News Today | Thai Airways in rehab, All go for Songkran | March 4

Tourism2 years ago

Phuket’s nightlife. Yes, bars and clubs are still open | VIDEO

Phuket2 years ago

Thailand News Today | Covid passport talks, Thai Airways heads to court | March 2

Tourism2 years ago

Phuket Thai food treats you need to try | VIDEO

Thailand2 years ago

Thailand News Today | Bars, pubs and restaurants ‘sort of’ back to normal | Feb 23

Tourism2 years ago

In search of Cat & Dog Cafés in Phuket Town | VIDEO

Thailand2 years ago

Thailand News Today | Gambling crackdown, Seafood market to reopen, Vlogger challenge | Jan 21

Thailand2 years ago

Thailand News Today | Covid testing for visas, Business impact, Vaccine approval | January 19

Thailand2 years ago

Thailand News Today | Weekend Bangkok bombs, Thailand fires, Covid update | January 18

Thailand2 years ago

Thailand News Today | Stray car on runway, Indonesian quake, 300 baht tourist fee | January 15

Thailand2 years ago

Thailand News Today | Governor off respirator, sex-trafficking arrest, condo prices falling | January 14

Thailand2 years ago

Thailand News Today | Chinese vaccine, Thailand ‘drug hub’, Covid update | January 13

Thailand2 years ago

Thailand News Today | Bangkok may ease restrictions, Phuket bar curfew, Vaccine roll out | January 12

Thailand2 years ago

Thailand News Today | Covid latest, Cockfights closed down, Bryde’s Whale beached | January 11

Trending