Sendit Tech, a Thailand-based technology company, has officially reported several of its former executives to authorities after uncovering evidence linking them to illicit gambling transactions valued in the billions of Thai baht.
The move, confirmed through a formal statement by the company, marks a dramatic escalation in what could become one of the country’s most high-profile corporate scandals in the tech and fintech space.
Allegations of Financial Misconduct
Sendit Tech alleges that its former leadership was involved in facilitating and concealing illegal online gambling payments through the company’s systems. According to internal investigations, certain digital infrastructure and financial channels controlled by these executives were used to process gambling-related transactions, possibly in collusion with unlicensed platforms.
The estimated value of these transactions is said to reach into multi-billion baht territory, raising significant legal and reputational concerns for the firm and its stakeholders.
Company Response and Legal Action
Sendit Tech’s current management acted swiftly following an internal audit, submitting their findings to Thai law enforcement and regulatory bodies. The complaint includes detailed transaction records, digital trails, and supporting documentation, all of which are now part of an ongoing criminal investigation.
A spokesperson for the company emphasized that Sendit Tech is fully cooperating with authorities, and reiterated its commitment to transparency, compliance, and internal reform.
Wider Implications for Thailand’s Digital Ecosystem
This case comes amid heightened scrutiny of fintech operations in Thailand, particularly in areas involving e-wallets, payment processors, and cryptocurrency platforms, which can be exploited for laundering or illegal betting.
Authorities are expected to expand their investigation to identify whether the suspected individuals had external partners and whether there were systemic failings in compliance protocols.
As the case develops, Sendit Tech is working to restore public trust and implement more robust governance to prevent future misuse of its digital platforms.
