Thai man arrested for selling fake 1,000 baht banknotes

Officers from the Economic Crime Suppression Division (ECD) yesterday arrested a Thai man after discovering he bought fake 1,000 baht banknotes on-line with a promotion, purchase 10 get 1 free.
The Bank of Thailand acquired a grievance about counterfeit banknotes being bought on Twitter and then reported the problem to the EDC and urged for an urgent investigation because the faux payments may doubtlessly cause a big effect on Thailand’s financial system.
The Twitter user was identified as 25 year outdated Thai man Kritsada. He was arrested yesterday at his home within the central province of Sing Buri.
According to the police report, Kritsada sold the pretend 1,000 baht banknotes at one hundred baht every and provided his prospects a promotion of buying 10 bills to get one free.
The prospects may either pay on delivery or transfer the cash to Kritsada’s account. He delivered the faux bills to his customers utilizing a private supply company.
Officers investigated Kritsada’s house and seized the evidence they should prosecute him, together with 23 faux 1,000 baht banknotes, one cell phone, and five bank accounts.
Kritsada claimed that he didn’t produce the faux banknotes himself, but ordered them from another online shop for 30 baht per bill. According to his confession, about 30 customers purchased fake payments from him which triggered over 300,000 baht injury.
Backed was charged with violating Section 240 of the Criminal Act by making counterfeit money. The penalty is life imprisonment, imprisonment of 10 to 20 years, or a nice of 200,000 baht to 400,000 baht. Officers at the moment are making an attempt to trace down Kritsada’s customers to forestall the spread of faux 1,000 baht banknotes in Thailand..

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