Assoc Prof Sawad Saengbangpla (inset), former chairman of Chulalongkorn University's savings cooperative, surrendered to police early on Monday. (Photo by Pongpat Wongyala)Assoc Prof Sawad Saengbangpla, former chairman of Chulalongkorn University's savings cooperative, turned himself in to police early Monday morning to face charges of embezzling at least 541 million baht from 78 colleagues. 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. Three women were arrested late last month for allegedly receiving and laundering millions of baht from the elderly academic.

Source: Bangkok Post May 08, 2017 07:41 UTC