AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.

Lecturer Charges Thai Banks to Provide Greater Protection Against Fraud.

Bangkok Post (Bangkok, Thailand)

| August 03, 2001 | COPYRIGHT 2001 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Aug. 3--Legal changes should be made to give bank customers greater rights in protesting against injustices and unfair claims, said Sudsawat Dissarojana, a lecturer at Thammasat University.

"The current law favours creditors more than borrowers. Particularly in the case of people with little education, banks have the upper hand," she said.

Ms Sudsawat, a sociology and anthropology lecturer, is one of nine Thammasat lecturers who have been victims of a fraud ring at state-owned Krung Thai Bank.

More than 100 people are potentially affected in the case, involving a complicated scam in which fake documents and signatures were used to purchase land financed by Krung Thai loans.

Ms Sudsawat and the other Thammasat victims plan to testify to an investigative committee at the Land Department on Wednesday.

They have also complained to Interior Minister Purachai Piumsombun about the possible complicity of Land Department officials.

Ms Sudsawat said that last year, the victims had attempted to contact Singh Tangtatsawas, then president of Krung Thai, but received no response.

Related articles from newspapers, magazines, journals, and more
Thai Asset Management Hires Krung Thai Bank to Service Retail Debt.
Newspaper article from: Bangkok Post (Bangkok, Thailand) (via Knight-Ridder/Tribune Business News) August 26, 2003 700+ words
...Corporation (TAMC) plans to hire Krung Thai Bank to service distressed assets...Krung Thai will be signed today. Krung Thai Bank will oversee servicing duties...terms and conditions used by Krung Thai Bank will be set by the TAMC, with...
INET, Krung Thai Bank launch "Mobile Counter Service".
News wire article from: Asia Africa Intelligence Wire August 3, 2004 700+ words
...Company Limited (INET) and Krung Thai Bank Public Company Limited debut "Mobile Counter Service" to offer Krung Thai Bank's customers to use mobile phone...payment service for over 18 million Krung Thai Bank's clients throughout the country...
Post office companies plan joint venture with Krung Thai Bank: Krung Thai...
News wire article from: Asia Africa Intelligence Wire October 24, 2003 700+ words
...one European, plan to jointly invest with Krung Thai Bank PCL in Thailand Post Co., Krung Thai Bank's President Viroj Nualkhair said. Thailand...of the privatization plan. State-owned Krung Thai Bank earlier announced plans to take a majority...
The Bank of New York Expands Global Payment and Trade Servicing Arrangement...
Press release article from: Business Wire November 14, 2005 700+ words
...and cash management services agreement with Krung Thai Bank, making Krung Thai Bank the first local bank in Thailand to offer its...Bank of New York is providing these services to Krung Thai Bank through its branch network in the United States...
Thailand: Krung Thai Bank sets 500 million baht in credits for undergrads to...
News wire article from: Thai Press Reports March 7, 2006 700+ words
...notebooks by seeking low-interest loans from the Krung Thai Bank. Krung Thai has already set aside 500 million baht for the credit...project. Interested students are invited to contact Krung Thai branches all over the country for the credit details...
Member of BoT's Monetary Policy Committee submits resignation to avoid...
News wire article from: Asia Africa Intelligence Wire August 5, 2004 700+ words
...to shun criticism regarding his connections to Krung Thai Bank PCL. Chaiyawat is one of the seven members of MPC's board and is also Executive Chairman of Krung Thai Bank. Krung Thai Bank has recently been in the spotlight after it posted...
Krung Thai Bank Subsidiary to List on Stock Exchange.
Newspaper article from: Bangkok Post (Bangkok, Thailand) June 11, 2004 700+ words
...Darana Chudasri Jun. 11--Krung Thai Computer Services, a subsidiary of Krung Thai Bank, plans to list on the Stock Exchange...providing IT services to parent Krung Thai Bank and other bank subsidiaries...
Thailand's Krung Thai Bank opens Fourth - year Krung Thai Young Enterprisers...
News wire article from: Asia Africa Intelligence Wire July 20, 2005 700+ words
...Reports) Section: Press Release - Krung Thai Bank opens the 4th year "Krung Thai...Senior Executive Vice President, Krung Thai Bank PCL, in her capacity as Chairman...8863 , 0-2256-8866. "Krung Thai Bank wishes to invite all the students...
Krung Thai Bank to review whether lending practices comply with BoT guidelines,...
News wire article from: Asia Africa Intelligence Wire October 15, 2004 700+ words
(From Thai Press Reports) Section: Business News - According to Krung Thai's Deputy Chairman Suparut Kawatkul, Krung Thai Bank PCL will have to evaluate whether its lending practices fully comply with the BoT's guidelines...
Travelex & Krung Thai Bank form an alliance to launch money transfer service in...
News wire article from: Asia Africa Intelligence Wire August 24, 2004 700+ words
...Reports) Section: Press Release - Krung Thai Bank Pcl. and Travelex Money Transfer...held at the Kao San Branch of Krung Thai Bank Pcl. with both companies' key...Senior Executive Vice President of Krung Thai Bank Pcl. and Mr. Mohit Davar...
For more facts and information, see all results
©2009 Gale, a part of Cengage Learning. All rights reserved.
About us | FAQs | Contact us | Privacy policy | Terms and conditions
Other Gale sites: Encyclopedia.com | HighBeam Research | Acquire Content | Books & Authors | Goliath | MovieRetriever | Smart QandA