More than 200 offended members of an agricultural cooperative laid siege to Chang Phueak Police Station in Chiang Mai on Friday demanding to know the place their farmers‘ a hundred million baht has gone.
Last chance of the San Pa Tong Agriculture Cooperative claim that more than one hundred million baht (US$2.8 million) deposited with a “reputable bank” has vanished from their account.
The farmers have made three attempts to negotiate with the bank, but all to no avail, and so had no choice however to take the matter to the police.
Almost 200 farmers seized management of the police station until the station’s chief Pol Col Kittipong Petchmunee, agreed to assist them with their case. He said…
“San Pa Tong Agricultural Cooperative says the financial institution has mysteriously lost the farmers’ 100 million baht. We will launch an investigation and take motion as soon as potential.”
The cooperative’s president Chaiwised Deesuwan and supervisor Suchitra Mano led 200 members from San Pa Tong district into the city on Friday to comply with up on a criticism made final Sunday. He stated the cooperative’s account now only has 4,000 baht left.
Chaiwised complained that about 10,000 members of the cooperative have lost their money.
Suchitra stated the “reputable bank” had contacted the cooperative two years beforehand, offering an rate of interest of 3.8% for deposits. She mentioned the cooperative decided to move some 70 million baht to the bank because it believed the upper interest rate can be good for its members.
Besides, she said, the cooperative didn’t suppose even think about the chance that the farmers’ a hundred million baht would merely disappear. The bank is a big one and really well-known.
Suchitra added that the deposit of greater than 70 million baht ought to have grown to around 104 million baht by now on the interest rate offered.
Chaiwised said the disappeared money will have maybe devastating results 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 opportunities.
The financial institution has apparently agreed to take accountability for the farmers’ a hundred million baht, but has set no deadline for returning the money.
Chaiwised mentioned the bank is but to provide any particulars on how the money went missing..