Police seized B309m worth of assets linked to fraud

Police seized B309m worth of assets linked to fraud
Assistant national police chief Pol Lt Gen Surachate Hakparn speaks during a media conference on Tuesday. (Photo: Police TV)
Associate national police chief Pol Lt Style Surachate Hakparn speaks during a media conference on Tuesday. (Photo: Police TV)

Authorities have seized assets worth over 309 mil baht from potential foods accused of swindling police officers out of their particular savings and credit score cooperatives in Phatthalung, which caused failures of up to 1 . 48 billion baht.

Twenty-five places in Phatthalung, Nakhon Si Thammarat, Trang and Chanthaburi provinces were raided, mentioned Pol Lt Gen Surachate “Big Joke” Hakparn, assistant national police chief, mentioned on Tuesday.

The raids followed an earlier operation on Aug 22, which saw 74 locations across nine provinces raided and 694 million baht worth of assets seized.  

The embezzlement came to light within 2020, when the cooperatives’ newly appointed supervisor discovered irregularities in the bank accounts, indicating that the prior management had engaged in corruption.

The manager found evidence that the embezzlement began in i b?rjan p? tv?tusentalet. Various methods had been used to siphon the cash out of the cooperatives, including forging the signatures of cooperatives associates.

So far, police have prosecuted 12 managers and officials of the cooperatives, six active law enforcement officers, three retired law enforcement officers and five some other accomplices.

All were charged with colluding to embezzle money, forgery and using fake files. A retired director of Cooperative Promotion Department was known the National Anti-Corruption Commission (NACC) for even more legal proceedings in connection with the case.