Klongchan execs deny fraud charges
The Klongchan Credit Union Cooperative chairman and his associates have denied any wrongdoing in the 12-billion-baht embezzlement case against them.
- Published: 27/07/2013 at 12:00 AM
- Newspaper section: news
Supachai: Refuses to step down from post
Cooperative chairman Supachai Srisupa-aksorn, assistant manager Saranya Manmad, board secretary Lapat Somdam and credit operations chief Krisada Meeboonmak were summonsed by the Department of Special Investigation (DSI) to acknowledge embezzlement charges yesterday.
Case officer Kittikong Kanachan said the suspects had denied all accusations.
Investigators decided to temporarily release the suspects without surety as they came to acknowledge charges themselves and some of their assets had been frozen by the Anti-Money Laundering Office (Amlo), Mr Kittikong said.
The DSI will summons representatives of 27 companies that requested loans totalling 12 billion baht from the cooperative to determine whether they were linked with the alleged embezzlement, he added.
Speaking before meeting the DSI officials, Mr Supachai stressed the cooperative's work was examined by its board and its accounting was verified by internal auditors every year.
He said members who wish to close their accounts will have to wait until the middle of next month and their money will be gradually returned at that time.
Mr Supachai said he had given no thought to stepping down from the chairman's post and the DSI has no jurisdiction to dismiss him.
"I ask for three months to tackle the problems and confirm that I will not flee," he said.
Mr Supachai also rebuffed the allegation that the cooperative offered loans of 12 billion baht to companies owned by himself.
He said the lending must be approved by 15 board members and he could not have carried it out alone.
About the author
- Writer: King-oua Laohong
- Position: Reporter