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Pattaya Daily News

24 December 2008 :: 16:12:37 pm 3408

PM Urges Counterfeit Case Closure; Urgently

Thai Prime Minister Abhisit Vejjajiva said Tuesday the problem of the widespread appearance of counterfeit Bt1,000 banknotes in the market must be solved quickly because it had affected public confidence on spending.
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Bangkok, the 24th of December 2008 [TNA]: The authorities must find out how the counterfeit notes are entering the market, Mr. Abhisit said, and the banknote forgers must be dealt with by law.

His remarks were made following reports that many vendors refused to accept Bt1,000 banknotes from buyers while people would withdraw less than Bt1,000 from automatic teller machines (ATMs) per transaction to avoid the possibility of receiving counterfeited notes.

Acknowledging that the public are worried about the fake banknotes, Thai Bankers’ Association chairman Apisak Tantivorawong urged the public to inspect details of the Bt1,000 banknotes carefully when receiving them.

Mr. Apisak insisted that banknotes withdrawn from ATMs or from bank counters had no counterfeits because all banks would check the notes with specialised equipment before using them in ATMs.

Deposits of fake banknotes through cash deposit machines are also not possible because the machines would reject straightaway, said Mr. Apisak.

The public should not panic in regard to counterfeit notes as they occur infrequently, he said, adding that there should not be any problem in spending if notes are checked carefully. (TNA)

Counterfeit banknote rings can face life imprisonment: Police

Bangkok, the 23rd of December 2008 [TNA]:  Police have threatened counterfeit banknote gangs with life imprisonment if they are convicted, while those who knowingly use counterfeit banknotes can face a maximum 15 year jail term.Pol Maj-Gen Amnuay Nimmano, deputy spokesman of the Metropolitan Police Bureau, warned counterfeit banknote rings of harsh punishment under the Criminal Law, Article 240. 

He said if anyone received fake banknotes from an ATM, they could file a complaint with the police.
Some shops now refuse to accept a 1,000 baht banknote from customers, amid reports of widespread counterfeit banknote circulation.  However, police said such an action was against the law.   

According to the Bank of Thailand,  nearly 19,000 counterfeit banknotes were found from January to November this year, or about five to seven out of one million banknotes. The most counterfeit banknotes or 61 per cent of all fake banknotes found were 1,000 baht banknotes.(TNA)   

Reporter : Methawee   Photo : Internet   Category : Business News

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