Pattaya banker detained on theft charges, allegedly defrauded local expats in investment scam

Pattaya police detained a former assistant manager of a local bank branch after he allegedly scammed numerous foreigners, tricking some of them into investments that led to significant losses and using invalid documents to fake transactions.

A group of foreigners filed a complaint with the Pattaya City Police against the bank branch’s former assistant manager Chaisit Sappermphool on fraud charges. The damages are estimated to cost tens of millions of baht.

Police say the bank has also filed a complaint against Chaisit on theft charges after he allegedly used outdated passbooks and documents that were no longer valid and required to be destroyed. The Pattaya police chief says Chaisit is now detained at Pattaya Court and a request for bail was rejected.

For several years, Chaisit helped the expats make deposits to their retirement funds and other services like passbook updates,…