- Thai authorities dismantled a VAT fraud network causing over 1 billion Baht in state losses
- 10 individuals were arrested, including the alleged mastermind
- The operation was led by the Economic Crime Suppression Division and the Revenue Department
- Raids were conducted on 14 targets across Thailand
- The head of the organization, Samran, and nine accomplices were apprehended
- Charges include issuing unauthorized tax invoices and attempting to evade VAT
- Evidence seized included over 100,000 documents, 20 mobile phones, and 30 computers
- The investigation began after a complaint from the Revenue Department
- Samran allegedly used S & M Brotherhood Co., Ltd. to set up over 20 VAT-registered entities
- These entities engaged in fake transactions to inflate product prices and VAT
- The scheme involved creating the illusion of trade without actual goods movement
Source: nationthailand.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
