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Ex-ombudsman advisor, son denied bail over Klong Chan fraud charges

Ex-ombudsman advisor, son denied bail over Klong Chan fraud charges

14 Sept 16:59 Key points summarised by AI
  • Former ombudsman advisor Natthaporn Toprayoon and his son Ratthasit were denied bail by the Criminal Court.
  • Bail was rejected due to the severity of charges, potential economic threat, extensive damage, and flight risk.
  • They face money laundering charges connected to the 11.8 billion baht Klong Chan Credit Union Cooperatives fraud.
  • The fraud, committed between 2008-2012, involved fabricated financial statements and loan contracts by former chairman Supachai Srisuphaaksorn.
  • Money from cooperative land sales was allegedly transferred through Supachai's accounts to Natthaporn, Ratthasit, and other individuals.
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