Man arrested over Bt200m

Phairoj Chooshinawtra, released on a bail guarantee of Bt1 million, has been charged with tax evasion after he failed to explain how he opened a bank account with a Bt262-million deposit last year and another account with Bt121 million earlier this month.

The arrest was made by Department of Special Investigation agents acting on the request of the Revenue Department. According to records, Phairoj, owner of SCS Industries, received the money 10 and nine years ago respectively.

Under the law, those who cannot clarify how they have come to possess monetary assets are required to hand over the money in tax.

The Nation