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New investigation into Dhammakaya temple’s money

Thailand is investigating three new cases involving possible financial crimes at the country’s biggest Buddhist temple, whose influential former abbot is wanted for suspected money laundering, police said on Wednesday.

A weeks-old standoff at the Dhammakaya temple between thousands of police and saffron-robed monks has posed one of the greatest challenges to the military government since it took power in 2014 and largely neutralized opposition.

Former abbot Phra Dhammachayo, 72, is wanted for questioning for suspected money-laundering and on numerous charges of building on land without authorization.

Thai police have also investigated Dhammakaya temple’s financial activities and found some of the temple’s money had been invested in the stock market.

“Billions of baht were found to have been transferred from the temple’s bank account since 2009 for an individual to invest in stocks,” Police Colonel Pakorn Sucheewakul told Reuters, naming one suspect…

Original published: 16 March 2017 2:54 am Read the full Bangkok News here


Some local news is curated - Original might have been posted at a different date/ time! Click the source link for details.

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