‘Members safe’ amid B14m fraud

‘Members safe’ amid B14m fraud

House Speaker Wan Muhamad Noor Matha
Pale Muhamad Noor Matha, the speaker of the House,

Any additional suspects discovered may be detained, according to House Speaker Wan Muhamad Noor Matha, who stated that any losses made by the Parliamentary Official Saving and Credit Cooperative, which totaled 14 million baht, will not have an impact on its people and businesses.

Mr. Wan stated that the cooperative’s committee has established a committee to look into the embezzlement, and that the suspect, who worked for the joint, has been identified and will be punished.

The committee resigned the worker without receiving any compensation and lodged a grievance at Bang Pho police station.

Mr. Wan further assured the cooperative’s people and stakeholders that the joint will continue to operate firmly in the interests of its users and that the cooperative’s remaining funds are safe.

” It was lucky that we caught the offender right away, and they both admitted guilt.” We still need to determine how many others were involved, nevertheless, according to Mr. Wan.

He added that he noted that while other financial institutions may have troubles similar to theirs, there won’t be any issues as long as their members keep their trust. But, he said, the effect may be substantial if confidence falters.

Mr. Wan added that despite not having any debris there and being personally involved with the cooperative, he and the House of Representatives Secretariat must be in charge of restoring trust.

Most joint members, in his opinion, are political personnel, with some members having retired but also depositing money.