We were flagged and the Thai director was ordered under threat of prosecution to Bangkok for Police questioning. Our company was 51% Thai shareholders and 49% owned by an offshore company. It is not a property holding company but a trading company with an export T/O of close to 100m baht and growing rapidly. We are certainly not based in a tourist hotspot or anything close to it. The Thai director presented to the police as requested with lawyers. The Police informed the Director that since they had not arrested the Director the lawyers could not be present at the interview. After a fairly long interview the Director was told that the officer doing the interview would not be making the decision on whether to move forward with further investigation, that would be done by a superior. Then the company heard nothing for six months. The company had been about to build a new manufacturing facility to enable it to expand it's exports. Those plans were put on hold until the matter with the police was settled. When nothing was heard for many months the Director rang the police, who told them that the company was in the clear, although nothing has ever been received in writing from the Police. The expansion plan has been dusted off, but not implemented yet, there is a nervousness within the shareholders most especially the foreign shareholders.
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