BANGKOK, June 5 – Thai police have made an arrest in a major falsified tax invoice scam and seized evidence of fake tax invoices of goods valued almost Bt3 billion.
Sathit Rangkasiri, director-general of the revenue department, and Pol Col Chainarong Charoenchainao, deputy commander of the economic crime division told a news conference on Wednesday of the arrest of Phisit Prachakchaikul and confiscation of forged tax invoices of goods worth Bt2.9 billion with value added tax of about Bt207 million. It is the biggest such case in two years.
The arrest followed a tip about a fraudulent tax invoice business ring, which caused heavy tax losses to the state.
Following the investigation, the police contacted the suspect and pretended to buy fake tax invoices, leading to the arrest of the suspect.
The authorities also checked information and tracked the suspect’s customers in many businesses such as in the construction sector.
Mr Sathit added that violators are subject to imprisonment of three months to seven years and a fine of Bt2,000 to a maximum of Bt 200,000.