Bangkok, July 3 - The court ordered “Prasit Jeawkok” 1,155 years in prison, a fine of 145 million baht, and ordered to pay more than 1,000 million baht in damages for the fraud case.

The Criminal Court made an appointment to read the verdict of the Court of First Instance. The case that Mr. Prasit Jeawkok, the former chairman of the project returned Khun Land Billionaire businessman with both individuals and legal entities together as defendants in the offense of jointly borrowing money that is defrauding the public together defrauding people And together bringing false information into the computer system In the case of 2020-2021, Mr. Prasit and others jointly opened a company and persuaded people to invest in buying brand-name bags for speculation renting. which will give a return of 40-50 percent per year until many people believe in investing But did not use the money from the victim to invest in a brand-name bag So it's just a ploy to raise funds from the victims. causing damage worth more than 1,000 million baht

The Court considered the evidence of the plaintiff's hearing that Mr. Prasit operated the business knowing or should have known that it was a business that could not pay the return as advertised. but also advertisements to persuade victims to invest Causing a lot of people to suffer damage It is considered that we love your back (Thailand) Co., Ltd., Nuea Lok Co., Ltd. and Mr. Prasit, defendants 1, 3, 4 together with fraud and deceit. guilty of prosecution But it's a single crime. Breaking the law many baht To punish the most serious charges, namely jointly borrowing money that is fraudulent to the public, to a fine of 321 counts, 500,000 baht each, a total of more than 145 million baht for each of the three defendants, and imprisonment for Mr. Prasit for 5 years, a total of 1,155 years, but according to the law, the punishment is up to 20 years and allow all 3 defendants to jointly pay damages of more than 1,000 million baht to return the victims with interest of 5% per annum

As for the remaining six defendants, there is no evidence that the advertisement persuades victims to invest. Some of the defendants were employees who were asked by Mr. Prasit to be directors of the company. and a resignation letter has been submitted while others were just shops where the victims came to buy gold. to invest with Mr. Prasit The court therefore dismissed the lawsuit. but to be imprisoned pending appeal

However, the Chief Prosecutor General Has made a counter-offensive suggestion that all 9 defendants jointly committed an offense By joining together from 2 people or more, it is a joint borrowing that defrauds the public. Has a close relationship with Mr. Prasit and the Company It is a division of duties into a process. Therefore, it is not necessary for each defendant to commit an offense against each victim by himself.-Thai News Agency

Source: Thai News Agency