Thai man arrested for selling faux 1,000 baht banknotes

Officers from the Economic Crime Suppression Division (ECD) yesterday arrested a Thai man after discovering he bought pretend 1,000 baht banknotes on-line with a promotion, buy 10 get 1 free.
No nonsense of Thailand obtained a grievance about counterfeit banknotes being sold on Twitter after which reported the difficulty to the EDC and urged for an pressing investigation as the faux payments may potentially cause a huge impact on Thailand’s financial system.
The Twitter user was identified as 25 year previous Thai man Kritsada. He was arrested yesterday at his home in the central province of Sing Buri.
According to the police report, Kritsada sold the faux 1,000 baht banknotes at one hundred baht every and offered his clients a promotion of purchasing for 10 payments to get one free.
The customers might either pay on supply or transfer the money to Kritsada’s account. He delivered the pretend payments to his clients using a personal delivery company.
Officers investigated Kritsada’s house and seized the proof they should prosecute him, including 23 faux 1,000 baht banknotes, one mobile phone, and five financial institution accounts.
Kritsada claimed that he did not produce the pretend banknotes himself, but ordered them from another on-line shop for 30 baht per bill. According to his confession, about 30 prospects purchased faux payments from him which brought on over 300,000 baht damage.
Kritsada was charged with violating Section 240 of the Criminal Act by making counterfeit cash. The penalty is life imprisonment, imprisonment of 10 to twenty years, or a fantastic of 200,000 baht to four hundred,000 baht. Officers are actually trying to trace down Kritsada’s prospects to stop the unfold of pretend 1,000 baht banknotes in Thailand..

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