# NACC Returns 1.5 Billion Baht Worth of Seized Gold from Tax Fraud to Ministry of Finance

- Link: https://www.thailand-business-news.com/banking/290551-nacc-returns-1-5-billion-baht-worth-of-seized-gold-from-tax-fraud-to-ministry-of-finance
- Published: 2026-03-04T10:15:00+07:00
- Author: Chloe Zhou

**The NACC handed over gold bars worth 1.5 billion baht, equivalent to 20,976 baht
in weight, to the Ministry of Finance after a Supreme Court ruling related to tax
fraud.**

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## Key Points

 * On February 27, 2026, Surapong Intharathaworn, Secretary-General of Thailand’s
   National Anti-Corruption Commission, transferred gold bars valued at 1.5 billion
   baht to the Ministry of Finance, following a Supreme Court ruling confirming 
   the gold belonged to a former Revenue Department chief involved in tax fraud.
 * The NACC found that Satit Rungkasiri improperly accumulated wealth through gold
   purchases from Hua Seng Heng Commodities Co., Ltd. The gold was ruled as the 
   state’s property due to its ill-gotten nature.
 * This case is linked to a 4-billion-baht tax fraud investigation implicating at
   least 10 individuals, including civil servants. Satit Rungkasiri was sentenced
   to prison, and the gold bars are now officially part of the nation’s assets, 
   concluding the high-profile investigation.

### **Handing Over of Gold Bars**

On **February 27, 2026**, Surapong Intharathaworn, Secretary-General of Thailand’s
National Anti-Corruption Commission (NACC), presented **20,976 baht of gold bars**
worth **1.5 billion baht** to the Ministry of Finance. This handover was mandated
by a **Supreme Court ruling** in case **1256/2567**, which confirmed that the gold
belonged to the former chief of the Revenue Department. The bars were seized as 
a result of a major tax fraud investigation, demonstrating the government’s commitment
to combat corruption and uphold lawful conduct in public service.

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### **Background on the Tax Fraud Case**

The NACC’s previous investigation revealed that **Satit Rungkasiri**, while serving
as director-general of the Revenue Department, had amassed wealth through improper
means, particularly through the purchase of gold bars from Hua Seng Heng Commodities
Co., Ltd. These assets were classified as **ill-gotten gains** and were ultimately
ruled by the court to belong to the state. This case is part of a broader **4-billion-
baht tax fraud investigation** implicating at least **10 individuals**, including
both civil servants and private sector members. Previously, Rungkasiri had been 
sentenced to prison for his involvement in the fraudulent activities.

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### **Closure of the Case**

With the formal transfer of the gold bars, this high-profile case reaches its conclusion,
officially adding the bars to the nation’s assets. This event signifies a critical
step in demonstrating the **government’s efforts** to address corruption within 
its ranks and reaffirms the judicial system’s role in holding individuals accountable.
The NACC’s actions reflect a robust approach to ensuring public trust and fostering
integrity across governmental operations, illustrating Thailand’s commitment to 
tackling corruption proactively.

**Source** : [NACC returns 1.5 billion baht in gold seized from tax fraud case to Ministry of Finance](https://www.nationthailand.com/news/general/40063069)