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Billion-Baht Foundation Fraud: New Suspects Linked to Boom Panadda and Got
TOP NEWS•25:55•Crime•
News
An analysis of a massive fraud case involving a charitable foundation, money laundering, and the potential arrest of additional accomplices.
Smart Chapters
14 chaptersInsights
Events
Boom Panadda establishes a foundation to solicit public donations.
Donations are funneled into personal accounts rather than foundation accounts.
Funds are transferred to Got to purchase land and cars.
A dispute arises with 'Chang Ae' regarding a villa project in Phuket.
Boom reports Got for embezzlement of foundation funds.
Police investigate and find evidence of public fraud and money laundering.
Boom and Got are arrested and detained in separate prisons.
Investigation expands to include the foundation's accountant and other accomplices.
Who & What's Involved
Anti-Money Laundering Office (AMLO)Royal Thai NavyCentral Investigation BureauBangkok Special PrisonCentral Women's Correctional InstitutionSamart Jenchaichitwanit
Topics
Money LaunderingPublic FraudAsset RecoveryCharity FraudThai Legal System
Locations
PhuketNakhon NayokBangkok