The Department of Special Investigation (DSI) has been asked to look into alleged embezzlement estimated at about 2 billion baht from the State Railway of Thailand savings cooperative. In the petition, lodged by cooperative members, a former chairman of the savings cooperative and five other people are accused of violating loan processing regulations and swindling money from members. The move comes after the Department of Cooperative Promotion revealed in December last year there were irregularities in the way the cooperative was run. Kingkaew Yommuang, a savings cooperative representative, said the loans in question were originally for a land procurement project to build accommodation for cooperative members. He said the resort project cost about 200 million baht and members were concerned about the rest of the money.

Source: Bangkok Post February 20, 2018 19:52 UTC