Thai monks’ gold facial scheme foiled

Thai monks’ gold facial scheme foiled

Saturday, March 29, 2014 – 03:40

The New Paper

A group of monks in a well-known temple in Thailand’s Petchabun province has been performing a ritual “to enhance women’s charms”. And this strange ritual could land them in trouble.

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The monks, it is claimed, have been charging between 5,000 and 10,000 baht (S$195 and S$390) for pasting a mask of sandalwood oil and gold foil on women’s faces.

The charges vary depending on the size of the face, the Bangkok Post reported.

Photos of the monks performing the ritual in what appears similar to the facial mask treatment done by beauty clinics have been circulated online and have drawn criticism from netizens.

Mr Songkran Achariyasap, who chairs a network that monitors activities considered detrimental to Thailand, religion or the monarchy, told the Bangkok newspaper that they have received complaints about these monks.

He said a woman who underwent this ritual told the network that the monks claimed it will enhance her charm and her husband would fall in love with her again.

“During the ritual, the monks told the victim to lie on her back and pasted sandalwood oil and gold foil on her face,” Mr Songkran said. “After a while, the monks chanted a spell to make the golden foil ‘disappear’.”

He said there were six or seven monks involved in the scheme and they were exploiting people’s beliefs.

The gold foil did not disappear because of the chanting. A chemical reaction between the gold foil and sandalwood oil is what makes it vanish, he said.

Mr Songkran said the network had received further information that monks in eight other temples were performing similar rituals.

The network will coordinate with the police to take legal action against them, he said.

 

About bambooinnovator
Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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