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Financial Scandal: The Case of King Mongkut's Institute of Technology Ladkrabang, Thailand
Procedia Economics and Finance
Financial scandals are not new, but their growing sophistication, complexity and ability to inflict widespread damage to people and entire economies is of huge concern. Our study takes a case of embezzlement involving 1.58 billion Baht (USD 52 million) at King Mongkut's Institute of Technology Ladkrabang (KMITL), Thailand, to examine what could have been done to avoid its occurrence. We interviewed the key commanders of Division 1, Crime Suppression Division (CSD), Central Investigation Bureau,doi:10.1016/s2212-5671(15)01079-5 fatcat:eeqn2ffjdzhljdnmj4lrhnytlu