BANGKOK – A brazen gang of employees has been caught embezzling over 103 million baht from their company in a carefully orchestrated betrayal — with ฿39 million in cash found stuffed under a bed, police announced in their Part 2 recapture operation.
Authorities say the group plotted a “cheat plan” from inside the business, using insider knowledge and access to company accounts to siphon off huge amounts of money in secret transactions.
Cash Stashed in Bedroom
During the raid on one suspect’s residence, police found ฿39 million in banknotes hidden under a bed. Investigators believe the money was part of the stolen sum, intended to be laundered or hidden long-term.
Insider Betrayal
According to police, the suspects worked together internally to manipulate financial records and gain unauthorized access to company funds. The betrayal shocked the company’s executives, who had trusted the group with sensitive operations.
Police Crackdown Continues
This latest breakthrough is part of a larger “Part 2 recapture” effort aimed at recovering the remaining funds and identifying other accomplices. Arrests and further asset seizures are expected.
Investigators are also exploring whether the group had outside help, including connections to larger fraud rings or money laundering networks.
Police have urged companies to increase internal auditing and watch for unusual employee behavior, as workplace betrayal continues to pose a significant financial risk across Thailand.
