Obtain 117 Million Baht Illegally and only get 27 Months Jail, Thailand.

I reported the other day on a guy who stole 300,000 Thai Baht when he was a postman, he admitted to the crime and paid all the money back to the company and then he was given a 50 year jail sentence. I thought it was a little harsh.

Now look at this.

A broker on Friday was sentenced to 27 months in jail for using a client’s money to buy shares of an insurance firm and sold them to make profit worth Bt117 million.

The broker used a company called TAC and its money of Bt118 million to buy 10 million shares of Interlife John Hancock Assurance in three lots between May 12 and 28 1999.He then sold all of the shares on May 21 and 29 for Bt236 million and transferred Bt118 million back to TAC and transferred the profit of Bt117 million to his accounts.

So this guy has acquired 117 million Baht illegally, it wasn’t his money that he invested. It doesn’t say if he returned all the 117 million Baht or not.

Shouldn’t this guy got at least the same jail time as the guy who stole a lousy 300,000 Thai Baht.

And there is also this currently going on.

Suspected to have made Bt1billion from 'collusion'

A businessman is suspected of pocketing over Bt1 billion from the school milk project, without paying any tax over the past two years, via a series of dubious joint ventures.

The milk project, funded by billions of baht from state coffers each year, has been plagued by allegations about poor quality milk, bidding collusion and corruption. And a bigwig called Charoen is a big milk supplier in the South.

An informed source alleged that Charoen was believed to be the man behind up to 18 firms supplying schools with milk. They are among just 63 eligible suppliers.

Charoen admitted yesterday he had collaborated with Rajamangala University of Technology Srivijaya, its Nakhon Si Thammarat campus and the Nakhon Si Thammarat College of Agriculture and Technology in winning the right to become eligible milk suppliers.

It is believed the nature of business between a man named Wissawa and Charoen could be considered an act of bidding collusion.

In their younger days, Charoen was a student in Wissawa's class.

Also it’s suspected that a politician was involved in Charoen's "scheme".

It is hard to believe that a politician would be in on the deal. I mean only one that is. Now we are talking over a billion Baht of money being stolen from the government. If these guys are not put to death or sentenced to life behind bars then the guy who stole 300,000 Baht has been well and truly rolled over and fuc*ed in the as*.

I am going to follow this case with interest.