Somkid denies poaching scandal will affect Italian-Thai mega-projects

By The Nation

 

File photo: Somkid (centre), Premchai (right)

 

The arrest of construction tycoon Premchai Karnasuta will not affect major government infrastructure projects, Deputy Prime Minister Somkid Jatusripitak said on Wednesday.

 

Several government mega-projects, including the skytrain and highway projects across the country, are being built by Italian-Thai Development Plc (ITD), of which Premchai is president. 

 

“The case is a personal matter and will impact an individual executive, but not the whole company,” Somkid said. 

 

Somkid also said the arrest would not affect the confidence of foreign investors or the investment atmosphere. 

 

In 2017 alone, ITD won several mega-infrastructure projects worth a combined Bt130 billion, including the Bt35-billion Mae Moh power plant project.

 

Premchai has been charged with poaching after being detained at the World Heritage Thung Yai Naresuan Sanctuary in Kanchanaburi province on Sunday. Guns and ammunition as well as the carcasses of protected wild animals were found near the campsite.

 

Source: http://www.nationmultimedia.com/detail/business/30338325

 

-- © Copyright The Nation 2018-2-8

Of course not......Too many high - so hangers on stand to lose too much. 

Of course not Thailand has put all the eggs in this basket. The government has been awarding him mega contracts for a long time now growing his company. What other company is big enough to do this work and willing to grease the palms with the right numbers

Saw him (Premchai) on TV yesterday. Typical smug, arrogant, idiot prick. Denies everything...lies...takes no responsibility for actions. Hoping beyond hope he gets found in violation and properly sentenced to the full extent of whatever is the law. Also, a HUGE fine which goes to the protection of these magnificent, endangered Big Cats.  Complete & Total A$$wipe! 

On 2/8/2018 at 5:40 PM, snoop1130 said:

In 2017 alone, ITD won several mega-infrastructure projects worth a combined Bt130 billion, including the Bt35-billion Mae Moh power plant project.

Well, they can hardly hand back the brown envelopes now.