Buddhism, Money, and the Modern World

What images come to mind when you hear the word Buddhism? For many, they are images popularized by Hollywood as a mystical world, quaint and rustic; a temple of photogenically peeling paint, romantically overgrown courtyard, and a picaresque Buddha image suitably ancient and ornate. If we add a saffron-robed monk with an inscrutable expression who speaks in riddles and proverbs, then the picture is nearly perfect. Lights, camera, action! Into this scene enters a protagonist who is obsessed with wealth or status but whose soul, despite himself, longs for something “more”; and by seeing the simplicity of the monk’s life, a life of no wealth, property, or even modern appliances, the protagonist learns about the important things in life. Does this all sound familiar and even cliché? That’s because it is.

Money Trail Illustrations

These graphics illustrate the transparent trail of funds as donated via cheques by Mr. Supachai Srisupa-aksorn to Most Ven. Dhammajayo of Wat Phra Dhammakaya, clearly challenging the grounds for the money laundering allegations brought forth by Thailand's Department of Special Investigation. 

Tam Trong Trong (Direct Questions) with Jomkwan

A Thai news anchor recently questioned a high-ranking DSI official on the Thairath TV show, "Tam Trong Trong (Direct Questions) with Jomkwan", which aired on May 18th, 2016, at 7pm UTC. This exchange was in regard to Wat Phra Dhammakaya's request for DSI to send a physician to examine and verify that the Abbot was truly ill and therefore unable to travel to DSI HQ to hear the charges against him. 

A Few Thoughts on Money Laundering

Wat Phra Dhammakaya has been fraught by the Department of Special Investigation's (DSI) claim of money laundering - a complicated topic. This video and these graphics attempt to take out the complications by presenting them in a simple form, and also attempts to dismiss any claims of Wat Phra Dhammakaya's involvement in money laundering. 

A Perspective on the Klongchan Credit Union Cooperative Case

What Transpired and How It Can Be Rectified

Klongchan Credit Union Cooperative (KCUC) initially had a working capital of 21,000 M baht. The issue arose when it permitted 12,000 M baht in loans, making itself illiquid—a state of lacking sufficient funds to meet its obligations. This led to a deficit preventing the cooperative from having available funds for circulation, putting it at risk for bankruptcy. Potential approaches to rectify the situation and restore the cooperative are as follows: