Police Raid 14 Locations, Uncover Billion-Baht VAT Fraud Network with 100,000 Documents Seized

• Authorities raided 14 locations to dismantle a VAT fraud network causing over 1,000 million in state losses.
• Over 100,000 documents were discovered during the operation.
• Key figures involved were arrested, including a 63-year-old leader and 10 others.
• The fraud involved issuing fake tax invoices and claiming VAT refunds without actual transactions.
• The network created fake sales between companies to inflate product prices and VAT.
• The scheme involved exporting goods to Myanmar to claim VAT refunds.
• The network requested over 150 million in VAT refunds from 2021 to 2022.
• Total damages from the fraud are estimated at over 1,000 million.
• Evidence led to arrests, with some suspects confessing and others denying involvement.

Source: khaosod.co.th

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.

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