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Italian-Thai Development appoints acting president as Premchai enters prison

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Italian-Thai Development PCL issued a statement Wednesday offering assurance that the imprisonment of its president, Premchai Karnasuta, for poaching and other offences will not affect the operations or management of Thailand’s leading construction company.

 

In the statement, the company said that it had named Premchai’s youngest son Thoranis Karnasuta as acting president, effective from December 1st, as Premchai begins to serve his sentence at Thong Pha Phum district prison.

 

Today, the Supreme Court upheld the thirty-eight-month prison sentence handed down to Premchai by the Appeals Court.

 

Full story: https://www.thaipbsworld.com/italian-thai-development-appoints-acting-president-as-premchai-enters-prison/

 

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  • Life of privilege, powerful connections ends with jail for panther-hunting tycoon Premchai By Thai PBS World’s General Desk   The president of Thailand’s largest construction compa

  • Misterwhisper
    Misterwhisper

    Don't kid yourself. The "operations" and "management" of these family-owned mega businesses don't depend on one or another family member heading the company. They attain their roles not because of the

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5 hours ago, webfact said:

In the statement, the company said that it had named Premchai’s youngest son Thoranis Karnasuta as acting president, effective from December 1st, as Premchai begins to serve his sentence at Thong Pha Phum district prison

Keeping things in the family as normal.

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No worries; with a serious Criminal Record he will be a Deputy Prime Minister as soon as he is released, and that won't be long as within a few weeks he will be out for 'Medical Reasons '  !

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I'm totally gob-smacked that Thai Justice can be levied on the rich.  A red letter day indeed.

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1 hour ago, trainman34014 said:

No worries; with a serious Criminal Record he will be a Deputy Prime Minister as soon as he is released, and that won't be long as within a few weeks he will be out for 'Medical Reasons '  !

Made minister for Wildlife would not surprise me one iota.

I am shocked that he has actually seen the inside of a prison cell....is this a turning point for Thai justice? Will the Red Bull heir be brought to justice, or is he grandfathered to receive hiso immunity?

 

I can't believe that he will serve his sentence....I'm guessing a medical discharge for diabetes.

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Life of privilege, powerful connections ends with jail for panther-hunting tycoon Premchai

By Thai PBS World’s General Desk

 

Premchai-panther-hunting_web.jpg

The president of Thailand’s largest construction company Premchai Karnasuta, 63 is seen with a group while being detained in the Thungyai Naresuan Wildlife Sanctuary in Kanchanaburi province on Thailand’s western border, Feb. 4, 2018. (Photo by Thailand Department of National Parks, Wildlife and Plant Conservation via AP)

 

The life of construction tycoon Premchai Karnasuta has been turned upside down over the hunting trip he made back in early 2018.

 

For wildlife lovers, the jail term of two years and 14 months handed to the 67-year-old super-rich businessman is justice for the protected species – including a black panther – that his group shot for pleasure. The World Wide Fund for Nature (WWF) called the case “a victory for wildlife and the rule of law”.

 

With his left eye bandaged and a walking stick in his hand, Premchai shuffled into the Thong Pha Phum Court on Wednesday (December 8th) morning to hear the final ruling. The Supreme Court, as expected, upheld guilty verdicts against Premchai and his accomplices – all of whom were his staff – on a string of charges related to illegal poaching inside a wildlife sanctuary. In addition to the jail term, they were also ordered to pay Bt2 million compensation.

 

Full story: https://www.thaipbsworld.com/life-of-privilege-powerful-connections-ends-with-jail-for-panther-hunting-tycoon-premchai/

 

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2 hours ago, hotchilli said:

Keeping things in the family as normal.

Indeed, none of this newfangled woke nonsense about talent being recognised here!

26 minutes ago, webfact said:

For wildlife lovers, the jail term of two years and 14 months handed to the 67-year-old super-rich businessman is justice for the protected species – including a black panther – that his group shot for pleasure. The World Wide Fund for Nature (WWF) called the case “a victory for wildlife and the rule of law”.

The 'super-rich' businessman could have booked a hunt in Africa for pretty much whatever he desired. 

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8 hours ago, webfact said:

will not affect the operations or management of Thailand’s leading construction company.

Don't kid yourself. The "operations" and "management" of these family-owned mega businesses don't depend on one or another family member heading the company. They attain their roles not because of their huge expertise in any particular field but simply because they have the "right" surname, their main responsibilities usually consisting of not much more than to siphoning off a healthy proportion of the operating profit. Italian-Thai would function even without a Karnasuta scion at the helm. Look at the boy. How old is he? 22, 24? What "expertise" can he possibly lend to the company without which it couldn't survive? 

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At least he never did a runner, he accepted his punishment like a man.

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".......the jail term of two years and 14 months"
Is that the same as three years and two months ?

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4 hours ago, webfact said:

In addition to the jail term, they were also ordered to pay Bt2 million compensation.

To who?

It's a bit late for the panther.

2 hours ago, cracker1 said:

".......the jail term of two years and 14 months"
Is that the same as three years and two months ?

It is not over until he is inside in the suite reserved for those that can pay

 

1 hour ago, hotchilli said:

To who?

It's a bit late for the panther.

His next of kin, cousin tiger and grand uncle leopard, both of whom have not the faintest idea yet what to do with that windfall.

Good that his 'Jabba the Hutt' impression failed as a disguise....

4 hours ago, giddyup said:

At least he never did a runner, he accepted his punishment like a man.

Yep, That is construction folks for you.....tough as nails.

If animals could hold and fire a gun, I would give them the right to protect themselves that way. See how many guys would still be tough enough to go out hunting (‘for sport’) if they ran the risk of getting shot themselves. 

4 hours ago, giddyup said:

At least he never did a runner, he accepted his punishment like a man.

Quite hard to run if you are as fat as him, only (it seems) have one eye, and walk with a stick/use a wheelchair; however much braised panther willy you may have scoffed!

8 hours ago, mikebell said:

I'm totally gob-smacked that Thai Justice can be levied on the rich.  A red letter day indeed.

The red letter day should be the day he is released from prison after he has completed his full 38 month sentence. I doubt that he will be eating Thai prison food  which, by looking at him would be good for his overweight bloated body.

 

Anything less or doing his time in a prison hospital is a failure of justice, but only to be expected here. Money screams and shouts in Thailand

Why no picture of him entering the slammer or sitting in his cell? The authorities seem to whip out the cameras for a photo opportunity whenever they catch a farang for overstaying or doing a minor wrong such as feeding fish. Why no photo proof that Premchai is actually banged up thus highlighting how good a job was done by law enforcement...

Acting President.

So the corporation expects to return this individual to the position in the years to come.

 

They see no fallout or political ramifications. I guess since they don't deal directly with the public they need not worry about such things.

 

Isn't this Aunutin's corporation?

2 hours ago, sattahip said:

It is not over until he is inside in the suite reserved for those that can pay

 

Imprisoned at Posideon is my guess

8 hours ago, giddyup said:

At least he never did a runner, he accepted his punishment like a man.

That remind to be seen. Will he ever serve time, or will he find loophole to avoid serving time?

12 hours ago, mikebell said:

I'm totally gob-smacked that Thai Justice can be levied on the rich.  A red letter day indeed.

Dont get too gob smacked cos i bet he never serves a full sentence ,some reason will be found to release him, brown envelopes are flying as we speak

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