200,000 baht bounty for swindler

News > Crimes

200,000 baht bounty for swindler

Published: 2 Oct 2012 at 14.52
Online news: Crimes

NAKHON RATCHASIMA – Police are offering a 200,000 baht reward for the capture of a wanted con man whose latest victim is a trader he defrauded of five million baht worth of gold by using loopholes in the banking system, reports said.

The owner of Phetsuwan gold shop filed a complaint with police on Sept 23 against a man he said swindled him of 200 baht weight of gold by capitalising on delays in the clearance of cheques.

The con artist, identified from the store’s surveillance camera, was named by police as Sahachart Kasemthang, 35. They said he is wanted for 10 similar crimes in his home town in Ubon Ratchathani province.

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onlyme
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Discussion 3 : 02 Oct 2012 at 20.453
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Rontorr, it wishes it was in the stone age. I had a very large cashier cheque drawn on a local bank and issued by them on their own account and rushed to beat the so called 11:00 am clearing time so the money would be in my account. I was then told that it was too late for Friday and since the branch was in a shopping mall they were not allowed to clear cheques on the weekend. Upshot is I lost a lot of money even in deposit interest due to at least two archaic rules.
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Ian
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Discussion 2 : 02 Oct 2012 at 16.472
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Anyone who accepts an uncleared cheque as payment needs their head examined.
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rontorr
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Discussion 1 : 02 Oct 2012 at 16.431
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there was a delay of two to seven days before the cheque could be cleared and the money actually became available""

Totally absurd time lag in the computer and information age. the entire Thai monetary system is still in the stone age
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200,000 baht bounty for swindler | Bangkok Post: news