Police United president arrested over alleged Bt2.5bn fraud

Businessman Samrit Bunditkritsada, 41, was taken to Metropolitan Police headquarters Monday, where he was made to appear at a press conference.
Metropolitan Police caretaker commander Lt-General Sanit Mahathaworn, who interrogated Samrit, said the accused denied in part and admitted in part the allegations against him.
Samrit was charged with colluding to falsify and use fake promissory notes, colluding to embezzle and issuing bad checks, according to Sanit.
He was arrested in Ayutthaya on Sunday on a Criminal Court-issued arrest warrant dated January 15.
Police said he was involved with an irregularity, allegedly committed between 2013 and 2014, involving financial transactions between his Billion Innovated Group and the Education Ministry’s Welfare Promotion Commission for Teachers and Educational Personnel. He is accused of borrowing money illegally from the teachers’ pension fund mounting to over Bt2.5 billion.