Assoc Prof Sawad Saengbangpla, former chairman of Chulalongkorn University's savings cooperative, walks from a room at the CSD where he had been question for 6 hours on Monday. Mr Sawat was later refused police bail, because of the large amount of money involved, and was being held overnight at the CSD. He was questioned for about six hours and after he emerged from the room, police told waiting reporters that he had admitted he lied about the "government lottery cooperative", which did not exist. The Government Lottery Office quickly denied the suspect was among listed lottery dealers. It was initially reported that Assoc Prof Sawad had lured about 160 people into transferring about 1.4 billion baht to him since 2010.

Source: Bangkok Post May 08, 2017 10:32 UTC