Thai Baht coins

Phuket woman wanted for allegedly cheating ‘savings group’ out of millions

PHUKET: Police are searching for a woman who allegedly swindled a ‘rotating savings’ group out of millions of baht.

‘Rotating savings’ is a form of combined peer-to-peer banking and lending system wherein a group of individuals agree to contribute a certain amount of money per month in order to save with and borrow from each other.

Full story: Phuket Gazette

Winai Sarot
Phuket Gazette

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