More than 200 indignant members of an agricultural cooperative laid siege to Chang Phueak Police Station in Chiang Mai on Friday demanding to know the place their farmers‘ one hundred million baht has gone.
Members of the San Pa Tong Agriculture Cooperative declare that more than a hundred million baht (US$2.eight million) deposited with a “reputable bank” has vanished from their account.
The farmers have made three makes an attempt to barter with the bank, but all to no avail, and so had no selection but to take the matter to the police.
Almost 200 farmers seized management of the police station till the station’s chief Pol Col Kittipong Petchmunee, agreed to help them with their case. He said…
“San Pa Tong Agricultural Cooperative says the bank has mysteriously misplaced the farmers’ one hundred million baht. We will launch an investigation and take motion as quickly as potential.”
The cooperative’s president Chaiwised Deesuwan and supervisor Suchitra Mano led 200 members from San Pa Tong district into the town on Friday to observe up on a criticism made final Sunday. He mentioned the cooperative’s account now solely has 4,000 baht left.
Chaiwised complained that about 10,000 members of the cooperative have lost their cash.
Suchitra stated the “reputable bank” had contacted the cooperative two years previously, offering an rate of interest of three.8% for deposits. She stated the cooperative decided to maneuver some 70 million baht to the bank because it believed the upper interest rate could be good for its members.
Besides, she mentioned, the cooperative didn’t suppose even think about the possibility that the farmers’ 100 million baht would simply disappear. Smooth is a big one and really well-known.
Suchitra added that the deposit of more than 70 million baht should have grown to round 104 million baht by now at the interest rate provided.
Chaiwised mentioned the disappeared cash may have maybe devastating effects on some 10,000 cooperative members. He additionally insisted that the cooperative had not made any withdrawals. Because all of its funds had been transferred to the financial institution, the cooperative had lost out on many alternatives.
The bank has apparently agreed to take duty for the farmers’ 100 million baht, but has set no deadline for returning the money.
Shocking stated the financial institution is but to offer any details on how the money went missing..