.png.3b3332cc2256ad0edbc2fe9404feeef0.png.8488ab72b8bb2e508209bfe3211b6e08.png)
-
Recently Browsing 0 members
- No registered users viewing this page.
-
Topics
-
-
Popular Contributors
-
Latest posts...
-
48
Anutin: Investigation into Bangkok Building Collapse to Take Months
and .. do some research ... look and see where a lot of the aftermarket truck brake parts come from .... connect the dots ! -
1
Three Thais Accused of Fronting for China Railway No 10, Since it’s Inception
I couldn't be more surprised. -
19
THAILAND LIVE Thailand Live Monday 7 April 2025
Three Thais Accused of Fronting for China Railway No 10, Since it’s Inception Picture courtesy of Khaosod The Department of Special Investigation (DSI) has revealed that three Thai nationals allegedly acted as nominee shareholders for China Railway No. 10 (Thailand) Co., Ltd., the contractor behind the recently collapsed State Audit Office building. The DSI claims the trio were used to disguise foreign ownership from the very founding of the company on 10 August 2018. Full story:https://aseannow.com/topic/1357024-three-thais-accused-of-fronting-for-china-railway-no-10-since-it’s-inception/ -
63
Game On
NB : The Pensacola IEEPA tariff case has been assigned to US District Judge Kent Wetherell, a Trump appointee who previously issued a ruling halting a key component of President Joe Biden’s immigration policy in 2023. -
1
Three Thais Accused of Fronting for China Railway No 10, Since it’s Inception
Picture courtesy of Khaosod. DSI Director-General Police Major Yutthana Praedam explains a chart showing the names of three Thai nationals. The Department of Special Investigation (DSI) has revealed that three Thai nationals allegedly acted as nominee shareholders for China Railway No. 10 (Thailand) Co., Ltd., the contractor behind the recently collapsed State Audit Office building. The DSI claims the trio were used to disguise foreign ownership from the very founding of the company on 10 August 2018. The revelations came during a high-level investigation meeting held on 4 April, chaired by Justice Minister Pol Col Taweesong Sodsong and attended by DSI Director-General Pol Maj Yutthana Praedam, Deputy Director-General Pol Lt Surawut Rangsai, and 36 special case officers. According to the DSI, the three Thai individuals named as shareholders are: Mr Sophon Meechai (holding 40.7997%), Mr Prajuab Siriket (10.2%), and Mr Manas Sri-anan (0.0003%). All are suspected of serving as nominee shareholders to mask the true foreign control of the firm. Authorities plan to summon the individuals for questioning. Investigators found that the company shares its registered address with eight other firms within the same network. Combined, these companies have been awarded at least 27 government contracts worth over 10 billion baht. When investigators visited Mr Prajuab’s home in Roi Et’s Phon Sai district, they found only his wife, who stated that her husband works as a construction labourer earning just over 10,000 baht a month. Officials flagged this as inconsistent with his legal status as a shareholder in multiple businesses, reinforcing suspicions of a nominee arrangement. The DSI is also tracing the whereabouts of Mr Sophon and Mr Manas. DSI Director-General Yutthana confirmed that, beyond nominee violations, the agency is also investigating alleged bid-rigging under the Price Submission Act. The probe aims to determine whether the Thai shareholders were deliberately used to conceal the Chinese company’s ownership. Investigators are now mapping the broader joint venture structure involving China Railway and 11 associated entities. Initial scrutiny is being applied to Italian-Thai Development PCL, which won the tender for the State Audit Office project. DSI is prioritising the nominee case while also examining 29 contracts awarded to China Railway between 2019 and 2024. These include infrastructure, government buildings, and the first phase of the Bangkok–Nakhon Ratchasima high-speed rail project, valued at 9.3 billion baht. In parallel, DSI is probing Xin Ke Yuan Co., Ltd., which supplied steel to the collapsed building. The Ministry of Industry previously found that some of the steel products failed to meet Thai industrial standards. Investigators are examining whether the faulty materials may also be linked to fake tax invoices and broader standards violations. The inquiry is ongoing. -- 2025-04-07 -
2
How to Expedite extension processing
Yes, extension of retirement. Thanks for the suggestion.
-
-
Popular in The Pub
-
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now