AMLO freezes Bt7-billion worth Klongchan Credit Union assets
Play
THE ANTI-MONEY Laundering Office (AMLO) yesterday decided to freeze Bt7 billion worth of assets after learning that this amount had been unlawfully transferred to different people by Klongchan Credit Union Cooperative's former chairman Supachai Sri-aksorn
Eight people close to Supachai, who has been charged with embezzlement by the Department of Special Investigation, now own these frozen assets, Seehanart said.
The assets include stocks in many companies, houses and other structures, vehicles, land deeds, bank deposits, valuables including gold bars, jewellery, rare amulets and firearms, he said.
Seehanart went on to say that these frozen assets along with the already seized Bt4 billion will be returned to members and beneficiaries of the Klongchan Credit Union and other cooperatives that invested in it.
He also said Wat Dhammakaya had, so far, returned Bt684 million that it received in 13 cheques from Supachai, and that AMLO would be checking to see if such payments had been made to other monks.
A DSI source said the owners or representatives of 28 businesses that obtained loans totalling Bt13 billion would be questioned to determine if the loans had been granted as per the cooperative’s regulations.
This is because many of these companies have not fully repaid the loans, which resulted in cash flow problems for the cooperative.
