Emerald Group CEO Sawit Ketroj seeks to reassure Phuket public, investors

The Phuket News

 

 

PHUKET: Emerald Group CEO Sawit Ketroj, the prominent Phuket condo developer arrested earlier this month on a fraud charge, and re-released on bail this week after failing to present himself to court as part of his original bail conditions, has held a press conference to address the accusations of fraud and mismanagement.

 

The press conference took place at the Dara Hotel at 1:30pm today (May 19), but Mr Sawit Ketroj, Executive Director of The Emerald Development Group Co., Ltd. declined to answer direct questions from the media regarding concerns about several of his companies projects.

 

(See previous stories here, here and here)

 

“I want to tell everyone that I am confident that our projects will keep going and that just need time. We understand if people want to cancel their contracts with these projects. We are fine because we know The Emerald Development Group is valuable,” said Mr Sawit.
 

Full story: https://www.thephuketnews.com/emerald-group-ceo-sawit-ketroj-seeks-to-reassure-phuket-public-investors-67188.php#gJ4rUrJRUsHMtwK2.97

 

 

-- © Copyright Phuket News 2018-05-19

 

 

 

Yep, you have convinced me all is AOK. I trust you, sure.

Convinced the judge too getting bailed again after breaking bail conditions.....why even bother?

How does someone who breaks his bail conditions get re-released on bail?

 

Some serious questions need to be asked.

Too little .... too late. No amount of damage control can change the course of this one....... absolutely no investor confidence now!

58 minutes ago, nahkit said:

How does someone who breaks his bail conditions get re-released on bail?

 

Some serious questions need to be asked.

 

Easy ... all it takes is some serious money being waved about to the right people.

1 hour ago, LivinginKata said:

 

Easy ... all it takes is some serious money being waved about to the right people.

Of course, makes me wonder why he didn't do that in the first place.

As was said before, money talks and criminals walk!

So then why doesnt he pay back their deposits?

Yes, of course, you can cancel your contract...........But you will not get any money back.