Bank asked to explain how it allowed big transfer

national June 22, 2014 00:00

By The Sunday Nation

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A bank will be asked to explain how an illegal drug network could transfer Bt14.4 million online without raising suspicion.

The ‘please explain’ demand follows the arrest of Theeradech Rahothan in Pathum Thani’s Thanyaburi district on Thursday and the seizure of 62,000 yaba tablets.
Office of Narcotics Control Board (ONCB) secretary general Pongsapat Pongcharoen told a press conference yesterday that Theeradech, 27, was hired to collect drugs and store them at his home pending further instruction to deliver the drugs. 
He said police also found a bank account book belonging to a female acquaintance of Theeradech that showed Bt14.5 million was sent to the account on June 8 and an hour later Bt14.5 million was withdrawn. 
The ONCB and the Anti-Money Laundering Office would ask the bank how it was possible such a large amount was transferred when the daily maximum for an electronic transfer was supposed to be Bt2 million.
Pongsapat said authorities were investigating the possibility that someone at the bank was involved with the gang. 

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