Union

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: