Table of Contents

Asset misappropriation

The penalty for asset misappropriation

Prescription of asset misappropriation case

When penalizing asset misappropriation

Asset misappropriation

Asset misappropriation case According to Article 352 of the criminal Code, it is a criminal offense for anyone to wrongfully seize possession of another person’s property, or jointly possess it with others, by deceitful means with the intent to deprive the rightful owner or any other person. Such action constitutes the offense of misapplied.

The penalty for asset misappropriation

According to Article 352 of the criminal Code, individuals found guilty of the offense of asset misappropriation can be punished with imprisonment for up to 3 years, or fined up to 60,000 baht, or both imprisonment and fine.

Prescription of asset misappropriation case.

In cases of asset misappropriation, a complaint must be filed with the investigating officer or the prosecutor’s office within 3 months from the date of knowledge of the offense and identification of the offender. However, if the offense is discovered after the expiration of the 10-year limitation period from the date of the incident, legal action cannot be pursued because the case has exceeded the statute of limitations.

When penalizing asset misappropriation.

Asset misappropriation is considered a private offense, or an offense subject to plea bargaining, according to Section 356 of the Criminal Code. Therefore, it is advisable to attempt negotiation and reconciliation with the victim before proceeding with legal action.