Samrit Bunditkitsada, is one of a number of ‘key suspects’ facing assets seizure by the Anti Money Laundering Office (AMLO) over allegations of borrowing money illegally from a teachers’ pension fund.
The 40-year-old businessman who founded Billion Innovated Group, and president of Police United FC football club, earlier has had his shares worth over 50 million baht in Promise Insurance frozen.
The bank accounts of Promise Insurance and Thai Premier League side Police United FC worth over 30 milliin baht were also frozen temporarily.
Samrit initially led the consortium to take over Reading FC, an English football club, last summer.
He was wanted after hundreds of teachers have complained about the management of the fund because they fear they were cheated.
According to the Department of Special Investigation (DSI), Billion Innovated Group used false surety, including falsified bank guarantees, forged bills of exchange, and falsified certificates of shares in Reading FC to secure 2.5 billion baht from the OTEP (Office of the Welfare Promotion Commission for Teachers and Educational Personnel) Fund.
AMLO has already frozen about 183 million baht in assets of these suspects and related people, said secretary-general Pol Col Seehanat Prayoonrat earlier.