Methawat Khonman, the first suspect arrested in the 1.4-billion-baht fraud scandal, is questioned at the Crime Suppression Division in Bangkok on Thursday. (Photo by Apichart Jinakul)Police on Thursday arrested the first suspect in the 1.4-billion-baht fraud in connection with the Chulalongkorn University Savings Cooperative, charging her with concealing embezzled money and laundering it for the main suspect, an associate professor who remains at large. As former chairman of the Chulalongkorn University Savings Cooperative, Assoc Prof Sawat lured former colleagues at the university into investing about 1.4 billion baht in his bogus government lottery cooperative. She said she had known Assoc Prof Sawat in Chiang Mai through a mutual friend about a decade ago and met him only four times. Pol Lt Gen Thitirat said Miss Methawat was the second suspect in the embezzlement scandal and police were hunting for other people who had received money from Assoc Prof Sawat.

Source: Bangkok Post April 27, 2017 13:18 UTC