Showing 1 - 8 of 8
Bancha gets 5 years in B1.4bn embezzlement case
News, Wassayos Ngamkham, Published on 30/09/2024
» The Criminal Court has sentenced Bancha Chalapirom, former chairman of the Chulalongkorn University Savings Cooperative (CU Savings Coop), to five years in jail for embezzling more than 1.4 billion baht from the cooperative.
Chula cooperative barred from paying dividends
News, Post Reporters, Published on 02/03/2018
» The Chulalongkorn University Saving Cooperative (CUSC) has been barred from paying dividends and refunds, worth 750 million baht, to its members as irregularities were found in the assets of two other cooperatives in which the CUSC had deposited its money.
MPC, FIPC call for tighter leash on cooperatives
Business, Somruedi Banchongduang, Published on 23/12/2017
» Two key committees have called for the regulator overseeing thrift and credit cooperatives to speed up tightening prudential regulations.
Financial bubble & crisis warning from Ex-BOT governor
Jon Fernquest, Published on 27/06/2017
» Real estate speculation & unregulated credit unions could trigger next financial crisis warns former Bank of Thailand governor Prasarn Trairatvorakul.
Prasarn joins chorus urging bubble caution
Business, Nuntawun Polkuamdee, Published on 27/06/2017
» Former Bank of Thailand governor Prasarn Trairatvorakul has flashed a warning that cooperatives and an unbalanced property sector will be the sources that trigger a new financial crisis if regulators fail to tighten rules and regulations in a pre-emptive move to keep problems from spiralling out of control.
Chula savings co-op says finances solid
News, Penchan Charoensuthipan, Published on 23/05/2017
» The Chulalongkorn University Savings Cooperative (CUSC) has assured members its financial status remained sound, urging them not to panic and rush to make withdrawals after one of its borrowers was closed down in an embezzlement scandal.
Housing co-op to get the chop
News, Post Reporters, Published on 19/05/2017
» The Khehasathan Noppakao Ruamjai Cooperative (KNRC) has been ordered closed after a sum of 5.5 billion baht was found missing from its accounts, while its committee members are facing charges of embezzlement.
New B5bn co-op fraud linked to arrested academic
Online Reporters, Published on 18/05/2017
» The Khehasathan Noppakao Ruamjai Cooperative has been ordered closed after 5.5 billion baht was found missing from its accounts, and the directors are facing charges of embezzlement.