Credit Union chief 'got Bt3 billion'
Play
The Cooperative Auditing Department said it had found that Klongchan Credit Union had allegedly transferred Bt3 billion as advance payment to its embattled chairman Supachai Srisupa-aksorn.
“Supachai also apparently approved more than Bt12 billion in loans for associate members, which is against the cooperative’s rules,” Kitikong Kanajan, an official from the Department of Special Investigation, said yesterday.
Supachai now owns more than 300 properties, he said. “We have uncovered crucial evidence against him,” Kitikong added.
Supachai, however, has denied charges of embezzlement. A source said he cancelled his appointment to testify to the Anti-Money Laundering Office yesterday, citing the need for more preparation.
