DSI raises doubts over loans granted by welfare commission
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The Office of the Welfare Promotion Commission for Teachers and Educational Personnel had approved Bt2.5 billion in questionable loans to a firm, according to the Department of Special Investigation.
The DSI will ask the National Anti-Corruption Commission to take action against the Office’s administrators and officials involved in granting the loan.
Pong-In Intarakhao, deputy director-general of the DSI, said yesterday that the Office extended two large loans without any bank serving as a guarantor and accepted flawed collateral including falsified bank guarantees.
The investigation also found that executives of the borrower, Billion Innovated Group, had colluded in the suspicious transactions, he said.
Samrit Bunditkitsada, the founder of Billion Innovated Group, is widely known among soccer fans for running the Police United FC and taking over Reading FC.
“But official records don’t show Samrit as a shareholder of Reading FC,” Pong-in said.
Earlier this year, Samrit complained to police that he was detained and threatened in relation to his firm’s dealings with the Office.
