With A Growl, Thailand Demands Justice For Slain Panther

By Asaree Thaitrakulpanich, Staff Reporter

 

An artist paints a mural Sunday in Chiang Mai province memorializing a black panther construction magnate Premchai Karnasuta stands accused of killing.

 

BANGKOK — Activists demanding justice for a black panther slain in a wildlife sanctuary said Monday their calls represent the nation’s anxiety that the killer will escape justice.

 

Civil society groups nationwide are pushing to keep public attention on the case against Premchai Karnasuta, CEO of Italian-Thai Development, who has been charged with nine accounts of poaching, trespassing and weapons possession. In separate actions, protesters have marched to the police chief’s office, prayed for justice at shrines and opened their homes to artists to draw murals of the black panther, whose graffiti is often mysteriously erased elsewhere.

 

Full Story: http://www.khaosodenglish.com/featured/2018/03/12/with-a-growl-thailand-demands-justice-for-slain-panther/

 

-- © Copyright Khaosod English 2018-3-12

Beats me why Italian-Thai have not suspended him whilst the case rumbles on. Deafening silence from the shareholders, share price down 25% in the last 6 weeks.

Will he reimburse his fellow board members for their losses, LOL !

 

1 hour ago, dcsw53 said:

Beats me why Italian-Thai have not suspended him whilst the case rumbles on. Deafening silence from the shareholders, share price down 25% in the last 6 weeks.

Will he reimburse his fellow board members for their losses, LOL !

 

I wonder if the share prices are a direct result from his actions.. if so... great punishment hurt him where he feels it.

10 hours ago, dcsw53 said:

Beats me why Italian-Thai have not suspended him whilst the case rumbles on. Deafening silence from the shareholders, share price down 25% in the last 6 weeks.

Will he reimburse his fellow board members for their losses, LOL !

 

 

What is his shareholding?

I suspect he has a large enough holding along with friends to veto such a logical outcome.

5 minutes ago, Chang_paarp said:

 

What is his shareholding?

I suspect he has a large enough holding along with friends to veto such a logical outcome.

15% - left to him by daddy

3 hours ago, dcsw53 said:

Beats me why Italian-Thai have not suspended him whilst the case rumbles on. Deafening silence from the shareholders, share price down 25% in the last 6 weeks.

Will he reimburse his fellow board members for their losses, LOL !

 

The share price was 4.88 exactly a year ago - It was 3.94 before the panther incident - the panther has very little to do with the steady decline over the past 12 months of the ItalThai share price.

It is good to see that the public and the rangers will not let this go unlike certain people's fetish for expensive time pieces and gaudy bling. 

12 hours ago, dcsw53 said:

Beats me why Italian-Thai have not suspended him whilst the case rumbles on.

The top institutional shareholders only have a little more than 3% of the outstanding stock.

https://markets.ft.com/data/equities/tearsheet/profile?s=ITD:SET

Premchai is Managing Director and President.

https://en.wikipedia.org/wiki/Italian-Thai_Development

Of the top 10 shareholders Premchai holds the most shares at about (to nearest whole share)15%, followed by Mrs. Nijaporn Charanachitta @ 7%; Mr. Wichai Wachirapong @ 4%; Thai NVDR Co., Ltd. @ 3%; Mr. Jesad Lertanuntanya @ 3%; and remaining five holding collectively 6%.

http://market.sec.or.th/public/idisc/en/CompanyProfile/Listed/ITD

Thai NVDR Co., Ltd. is basically a stock brokerage holding Thai stock by its customers.

https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=31133736

Expect NVRD's individual holdings in IT to be very fragmented and essentially meaningless in IT shareholder voting.

 

So in sum, a scenario by which Pramchai is suspended through shareholder action must develop more than 15% "shareholder votes" is possible - combined 14% sh votes by Charanachitta,  Wachirapong and Lertanuntanya plus 2% from any two of the remaining top 10 shareholders.  

Pranchai might also be suspended by majority vote of the 10-member Board of Directors (that includes Pramchai) http://www.itd.co.th/about-directors.php But such depends on the articles of registration and shareholder agreement.

1 hour ago, yellowboat said:

It is good to see that the public and the rangers will not let this go unlike certain people's fetish for expensive time pieces and gaudy bling. 

Beginning to see how this will pan out. He has the wealth to make many people very happy. Likely outcome will be guilty of trespassing and a suspended sentencing and a scapegoat convicted for killing the animal. He will be richly rewarded. The judge will ruled that the case is a serious offence enough for jail term, but him being a good citizen bla bla bla and in this particular circumstances that he didn't shot the animal, his imprisonment will be suspended. No wealthy ever do jail time. Public can't complain as it will be contempt. 

28 minutes ago, Srikcir said:

The top institutional shareholders only have a little more than 3% of the outstanding stock.

https://markets.ft.com/data/equities/tearsheet/profile?s=ITD:SET

Premchai is Managing Director and President.

https://en.wikipedia.org/wiki/Italian-Thai_Development

Of the top 10 shareholders Premchai holds the most shares at about (to nearest whole share)15%, followed by Mrs. Nijaporn Charanachitta @ 7%; Mr. Wichai Wachirapong @ 4%; Thai NVDR Co., Ltd. @ 3%; Mr. Jesad Lertanuntanya @ 3%; and remaining five holding collectively 6%.

http://market.sec.or.th/public/idisc/en/CompanyProfile/Listed/ITD

Thai NVDR Co., Ltd. is basically a stock brokerage holding Thai stock by its customers.

https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=31133736

Expect NVRD's individual holdings in IT to be very fragmented and essentially meaningless in IT shareholder voting.

 

So in sum, a scenario by which Pramchai is suspended through shareholder action must develop more than 15% "shareholder votes" is possible - combined 14% sh votes by Charanachitta,  Wachirapong and Lertanuntanya plus 2% from any two of the remaining top 10 shareholders.  

Pranchai might also be suspended by majority vote of the 10-member Board of Directors (that includes Pramchai) http://www.itd.co.th/about-directors.php But such depends on the articles of registration and shareholder agreement.

Thanks for the concise summary, well done.

I will expect it to happen shortly after I see that pig flying past my window....

32 minutes ago, Eric Loh said:

Beginning to see how this will pan out. He has the wealth to make many people very happy. Likely outcome will be guilty of trespassing and a suspended sentencing and a scapegoat convicted for killing the animal. He will be richly rewarded. The judge will ruled that the case is a serious offence enough for jail term, but him being a good citizen bla bla bla and in this particular circumstances that he didn't shot the animal, his imprisonment will be suspended. No wealthy ever do jail time. Public can't complain as it will be contempt. 

Of course he won't be punished like the mushroom pickers, but we can only hope he is vilified for his actions.  Graciousness and manners are as rare amongst the Thai elite as big black cats in the forest.   Poor kitty, may he rest in peace. 

14 hours ago, snoop1130 said:

In separate actions, protesters have marched to the police chief’s office, prayed for justice at shrines and opened their homes to artists to draw murals of the black panther, whose graffiti is often mysteriously erased elsewhere.

I always admire people or a society that sets its priorities right. Meanwhile at the other end of the couch:

Drafters slam watered-down bill banning torture and enforced disappearances

The new version of the bill had many serious issues, such as limited punishment for officials who order torture and enforced disappearances, the omission of the non-derogability principle, and vague definitions and punishments, which would cause problems for law enforcement, the forum heard.

Somebody protesting over this issue?

1 hour ago, Eric Loh said:

Beginning to see how this will pan out. He has the wealth to make many people very happy. Likely outcome will be guilty of trespassing and a suspended sentencing and a scapegoat convicted for killing the animal. He will be richly rewarded. The judge will ruled that the case is a serious offence enough for jail term, but him being a good citizen bla bla bla and in this particular circumstances that he didn't shot the animal, his imprisonment will be suspended. No wealthy ever do jail time. Public can't complain as it will be contempt. 

Yet a poor old couple got 5  years for gathering mushrooms in a national park,

1 hour ago, grego49 said:

Yet a poor old couple got 5  years for gathering mushrooms in a national park,

 

1 hour ago, grego49 said:

Yet a poor old couple got 5  years for gathering mushrooms in a national park,

Easy targets, so much for the undercurrent of Buddhist principles in LoS. 

Thais who recently sat in the lap of a 40 year old concrete statue of Buddha will get quicker justice than Premchai.

A bar owner who hasn't registered a dart board or anyone throwing a cigarette butt on a banned no smoking beach will get quicker justice than Premchai.

Talk about law enforcement priorities. The Public never knows.

3 hours ago, Srikcir said:

The top institutional shareholders only have a little more than 3% of the outstanding stock.

https://markets.ft.com/data/equities/tearsheet/profile?s=ITD:SET

Premchai is Managing Director and President.

https://en.wikipedia.org/wiki/Italian-Thai_Development

Of the top 10 shareholders Premchai holds the most shares at about (to nearest whole share)15%, followed by Mrs. Nijaporn Charanachitta @ 7%; Mr. Wichai Wachirapong @ 4%; Thai NVDR Co., Ltd. @ 3%; Mr. Jesad Lertanuntanya @ 3%; and remaining five holding collectively 6%.

http://market.sec.or.th/public/idisc/en/CompanyProfile/Listed/ITD

Thai NVDR Co., Ltd. is basically a stock brokerage holding Thai stock by its customers.

https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=31133736

Expect NVRD's individual holdings in IT to be very fragmented and essentially meaningless in IT shareholder voting.

 

So in sum, a scenario by which Pramchai is suspended through shareholder action must develop more than 15% "shareholder votes" is possible - combined 14% sh votes by Charanachitta,  Wachirapong and Lertanuntanya plus 2% from any two of the remaining top 10 shareholders.  

Pranchai might also be suspended by majority vote of the 10-member Board of Directors (that includes Pramchai) http://www.itd.co.th/about-directors.php But such depends on the articles of registration and shareholder agreement.

Those other shareholders are family. I believe Mrs. Nijaporn is his sister who owns Mandarin Oriental, Amari Hotels etc Others are minor family members and relatives.

Thought he flew to Bangladesh last week to shoot some Bengal Tigers, was getting withdrawal symptoms, going cold turkey and needed another Wildlife Killing fix.

Thought he said he'd be back Sunday.

Any news of a return to his home country?

11 hours ago, thaiguzzi said:

Thought he flew to Bangladesh last week to shoot some Bengal Tigers, was getting withdrawal symptoms, going cold turkey and needed another Wildlife Killing fix.

Thought he said he'd be back Sunday.

Any news of a return to his home country?

Not yet. Due in court today. 

20 hours ago, grego49 said:

Yet a poor old couple got 5  years for gathering mushrooms in a national park,

Are you sure? I thought it was for organizing illegal logging in a NP and that they were apprehended whilst claiming to be collecting mushrooms. 

 

Anyone remember the actual sentencing/crime? I may be wrong.

 

 

21 hours ago, Eric Loh said:

He has the wealth to make many people very happy.

 

Yes, expect some senior "officials" incl. some in Brown, will amazingly become Ital-Thai shareholders and board members.

18 hours ago, smutcakes said:

Those other shareholders are family. I believe Mrs. Nijaporn is his sister who owns Mandarin Oriental, Amari Hotels etc Others are minor family members and relatives.

Thanks for the info.

I spent enough time on research and not go any further. I did suspect family on the Board and checked on Nijaporn; but found nothing confirming her as family. As the family cumulative hold majority shares, no one outside family can suspend or remove Pramchai.

11 minutes ago, mtls2005 said:

will amazingly become Ital-Thai shareholders and board members

Not Board members. See smutcakes posting #16. They're all family-related.

While it would be simple to give stock to persons who shield Pramchai against prosecution, it might have to be concealed. IT is publicly-traded and potential gift of stock as bribes might invite Securities and Exchange Commission scrutiny. 

Better to make untraceable cash gifts.

The BKK Post lists 10 charges he faces; not one of them was attempted bribery despite them reporting it last week.

1 hour ago, mtls2005 said:

 

Yes, expect some senior "officials" incl. some in Brown, will amazingly become Ital-Thai shareholders and board members.

Well, seems the board could benefit from an injection of highly intelligent, pro-active, and forward thinking new Brown and Green  members - but then of course I could be very wrong. 

1 hour ago, MRToMRT said:

Are you sure? I thought it was for organizing illegal logging in a NP and that they were apprehended whilst claiming to be collecting mushrooms. 

 

Anyone remember the actual sentencing/crime? I may be wrong.

 

 

I believe that's the real story, but can't point you to anything to confirm  the fact. 

59 minutes ago, Srikcir said:

I did suspect family on the Board and checked on Nijaporn; but found nothing confirming her as family

 

I thought she was Premchai's sister (daughter of founder Chaijudh Karnasuta ), and the mother of the current CEO, Yuthachai Charanachittahitichai (Premchai's nephew).

 

 

Adisorn Charanachitta, Nijaporn's husband, died in a plane crash in 2003.

 

I could be wrong.

 

 

18 minutes ago, Artisi said:

Well, seems the board could benefit from an injection of highly intelligent, pro-active, and forward thinking new Brown and Green  members - but then of course I could be very wrong. 

Those are passive board members and needed for their associations to facilitate messy time consuming government approvals and to go around rules and regulations. Also help if any director gets into trouble with the law. 

to be forgotten in 10...9...8...7...

(Red Bull Heir...rinse...leather...repeat...)