No impact on ITD operations from poaching case, Premchai tells shareholders

By The Nation

 

File photo: Premchai Karnasuta

 

EMBATTLED construction tycoon Premchai Karnasuta yesterday told shareholders of Italian-Thai Development (ITD) that the much-publicised killing of a black leopard – whose remains were found at his campsite in a wildlife sanctuary in February – would not affect the company’s business and it would continue to bid for more construction projects.

 

During the two-hour annual general meeting of ITD shareholders at Bangkok’s Rama Garden Hotel, the company board members, including Premchai, provided updates on various projects including the Dawei Special Economic Zone project in Myanmar, mining investments abroad and the appointment of a new board later this year. 

 

When a Thai Investors Association representative asked about the impact from the tycoon’s arrest along with three companions in the Thung Yai Naresuan wildlife sanctuary in Kanchanaburi, Premchai said the matter would not affect the firm’s business in Thailand or any other country. 

 

He said bidding for business contracts continued without any disruption and shareholders’ benefits were well taken care of. The atmosphere at the meeting was peaceful and no one expressed objections or asked about issues beyond the agenda.

 

On Tuesday, deputy national police chief Pol General Srivara Rangsibhramanakul said the Criminal Case 8 office public prosecutors had decided to file an additional charge against Premchai of illegal possession of guns and ammunition which were found during the police’s subsequent search of his Bangkok home.

 

Previously, the regional public prosecutors office on April 4 had resolved to charge Premchai with six offences relating to his alleged poaching in Thung Yai Naresuan. They were: colluding to carry guns into public places without permission; colluding to hunt protected animals without permission; colluding to hunt wildlife animals in a wildlife sanctuary without permission; colluding to possess the remains of protected wildlife animals without permission; colluding to hide or receive wildlife remains acquired by illegal means; and colluding to collect items in national conservation forests without a permit.

 

Source: http://www.nationmultimedia.com/detail/national/30343963

 

-- © Copyright The Nation 2018-04-26

1 hour ago, webfact said:

No impact on ITD operations from poaching case, Premchai tells shareholders

I wonder if he also told shareholders how much would be coming off the bottom line by the time he has paid his way out of the deep poo he is presently in.

1 hour ago, webfact said:

He said bidding for business contracts continued without any disruption and shareholders’ benefits were well taken care of.

told them what they wanted to hear, told them the only thing he could; might not have any correlation with reality

Perhaps operations go on as normal but......their share price would tell another story.

 

 

Premchai tells shareholders he didn’t shoot the panther

By Thai PBS

 

 

Italian-Thai Development president and CEO Premchai Karnasuta insisted that he didn’t shoot the panther and vowed to continue to do his job at the company.

 

At the meeting of shareholders of Italian-Thai Development Plc to clarify criminal charges levied on him over the shooting controversy at Thung Yai Naresuan wildlife sanctuary, he was asked if he still is qualified to remain as president and CEO of this  SET-listed company.

 

He replied that he had done nothing wrong in the entry to wildlife sanctuary and didn’t shoot the panther as it was reported.

 

Full story: http://englishnews.thaipbs.or.th/premchai-tells-shareholders-didnt-shoot-panther/

 

-- © Copyright Thai PBS 2018-04-26

11 minutes ago, webfact said:

He replied that he had done nothing wrong in the entry to wildlife sanctuary and didn’t shoot the panther as it was reported.

and as he is rich, he will get away with saying that

The pesky thing just up and died in the camp after sheading its dick and tail into the cooking pot.

Who wouldn't believe this guy? Just gone to the forest for meditation.

 

poor turnout!

I reckon ItalThai has more than the few shareholders sitting in that near empty room. So to me the real message here is that the vast majority don't even want to be seen in the same room as that despicable lying sh*tbag.

Makes it even worse that such a rare and majestic creature had its life ended by this lump of rancid detritus and will in all probability buy his way as they always do.   

3 hours ago, PremiumLane said:

and as he is rich, he will get away with saying that

It is not the being rich that will get him out of this ,it is the "knowing about,or participating in some shady money deals with the PM or other government officals that he proberly holds over their heads.This is the same reason that the bib here only transfers any officesr that gets caught "to anouther post".Also why investigations take so long as the boys in charge needs time to find out what he knows and what proof he might be keeping.

It is a shame he didn't shed any light on who it was that did shoot it, cook it and eat it. 

I am still hopeful that there are enough good and honest investigators to convict the lying toad. 

So many misunderstandings.

 

They don't shoot panthers, they don't cheat, they don't own expensive watches ...

they don't ....

 

Sorry for them

I shot the Sheriff, but I did not shot the panthereeee......