Commerce Minister: Chinese company might tear up rice purchase contract made with Thailand

[webfact]

Commerce Minister: Chinese company might tear up rice purchase contract made with Thailand

BANGKOK, 1 February 2014 (NNT) - Commerce Minister Niwatthamrong Boonsongpaisal has told the press that the Thai government’s Chinese trade partner is concerned about its rice trade with Thailand and might call off the rice deal after the National Anti-Corruption Commission (NACC) launched a probe into the rice pledging scheme.

The minister on Friday said the Pei Ta Hwang company, Thailand’s Government-to-Government trade partner in the rice support program, was concerned that its one-million-ton rice purchase contract with the Thai government might later cause problems.

He concluded that the company’s posibility to cancel the contract was mainly due to the investigation into the program by the NACC.

In January this year, the government had already sold one million tons of rice in the rice pledging program, the minister said.


-- NNT 2014-02-01

[Rooo]

So it's blackmail? Stop the investigation so we can sell the rice? Yeah right.

[trogers]

Why? Something illegitimate about this contract that cannot see the light of day?

[noikrit]

Was there ever a contract on paper ??????? ....

[BillyBobThai]

Why? Something illegitimate about this contract that cannot see the light of day?

Thailand sends rice north, and China makes deposit to bank account in Dubai.

[JoeThePoster]

Pei Ta Hwang company, Thailands Government-to-Government trade partner

Thailand's G2G partner is a private company?

[Thai at Heart]

Oooooh, my aching ribs. Of course, the now.secret contract might get ripped up, which would be almost the same as if there had never been a contract.

Wow. Such bad luck...who'd have thought.

[noitom]

Thaksin pressed a Chinese button. But the Chinese should take the deal and delivery of all that rotted out aged and pungent rice stored in the heat of Thailand for all those months in those classy Thai warehouses. Vermin feces and all sorts of bacteria and contaminant chemicals all over it.

[NongKhaiKid]

So it's blackmail? Stop the investigation so we can sell the rice? Yeah right.

YL should call old friend Tony Blair and get some advice on this.

Once upon a time in Britain there was a two year corruption investigation involving BAE Systems and a Saudi prince. Stop the investigation said the Saudis or we won't go ahead with the massive order for military jets.

Enter Tony, the man for all reasons, and the evil investigation was banished for ever in the National Interest.

Think about it YL.

[sammyD]

The minister on Friday said the Pei Ta Hwang company, Thailands Government-to-Government trade partner in the rice support program, was concerned that its one-million-ton rice purchase contract with the Thai government might later cause problems.

Problems? The Chinese shoot officials guilty of collusion/corruption. Taking on this albatross of a rice scam might indeed cause "problems" for its Chinese participants.

[patjem]

Pei Ta Hwang company, Thailands Government-to-Government trade partner

Thailand's G2G partner is a private company?

There never was a G2G deal. They don't exist and it was a lie that is continued to be told

[englishoak]

What contract, the one on the back of that napkin ? pffft if theres one place more corrupt than here its China.

[daboyz1]

When it rains, it pours.

[IMA_FARANG]

From day one this so called "contract" has been a problem.

That any contract really even existed, that there were a shipping documents or invoices, and even if the supposed rice ever really existed to be shipped has never really been independently proved.

The whole deal stinks to high heaven, and really needs a detailed and unbiased investigation.

I don't think that's going to happen with this government in power.

Now it appears the Chinese are not just walking away from the deal, they're running away as fast as they can run.

The Chinese are not fools, and they are leaving the sinking ship as quickly as possible.

[LuckyLew]

How can you cancel a contact that never existed?

[MaxLee]

Sorry, Thailand, you nasty nasty impostor, little brother and wannabe S( C)HINA WATRAS, we have our own corruption domination to run,... ​

[Scamper]

As always, the Yingluck administration delegates blame when things point too close to home. They would have us believe the culprits are banks, banking unions, the PDRC rallies, the EC, and now - the NACC. Pheu Thai has a never-ending list of people to blame. The Constitution Court itself is often on their list. Pheu Thai have never come to the grips with the moral of this story, or the tragedies that are now associated with it.

[Artisi]

Why? Something illegitimate about this contract that cannot see the light of day?

Thailand sends rice north, and China makes deposit to bank account in Dubai.

Well, would you expect it to be deposited in a bank in Thailand, any double handling needs to be cut-out otherwise someone might cream a bit off the top and the fugitive wouldn't appreciate that.

[Why ask]

The problem with all this shit is that there was never a deal anyway.

It was a pragmatic coordination of ideas in a room, in a thought that we can take this money and nobody will ever know.

Unfortunately, even scorpion tails get bitten off when upside down.

[DirtFarmer]

Only four companies took part in bidding to buy rice under the scheme on Tuesday, Nov 19. 2013 The companies are Royal Richy Rice, Capital Serial, Asia Golden Rice and Charoen Pokphand... Charoen Pokphand (coincidentally or not) . a private company Part of the C.P Group and coincidentally ( or not) one of the Independent Directors of which Is Abhiset's father...[follow the money] this is part of a much bigger power play to discredit whomever they want whenever they want... this is all intended to make Yluck look even worse... she had nothing to do with this part of it these are the real string pullers here in ASIA... this has only to do with discrediting her...nothing more...this is not face brokered this is all back room brokered and Marks pop and the rest of the Independent and not independent Directors of Charoen Pokphand .. . which incidentally is a private company ..not Thai government... besides India and Vietnam give them better deals. Thai Rice is too pricy...but that is not what this is about... it is smear tactic pure and simple...

Edited February 1, 2014 by metisdead
Font

[Thait Spot]

If its all above board, why would there be a problem?

If there's a contract to adhere to then just fulfill it

Sent from my Nexus 4 using Thaivisa Connect Thailand mobile app

[expat888]

There goes the high speed train China was to build for rice.

Making Bangkok a hub for this high speed train was moronic.

This government will never be stable enough to be a hub of anything.

[blackman]

Why? Something illegitimate about this contract that cannot see the light of day?

Thailand sends rice north, and China makes deposit to bank account in Dubai.

Well, would you expect it to be deposited in a bank in Thailand, any double handling needs to be cut-out otherwise someone might cream a bit off the top and the fugitive wouldn't appreciate that.

didn't the fugitive sue his lawyer as he took his own fees out of a legal payment settlement to make sure he got paid?

its a damning indictment of a client when even your own lawyer does not trust you .........

[smedly]

Why? Something illegitimate about this contract that cannot see the light of day?

From another thread on TV

The government once announced that the sale of stockpiled rice would be done under a G2G (government to government) arrangement via a Chinese company called GSSG Import & Export Corporation, whose sole appointed agent in Thailand is Mr. Natthanit Sojirakul, a.k.a. 'Palm' who is the personal assistant of Udonthani MP Rapheephan Phongrueangrong, wife of red shirt leader Arisman Phongrueangrong.

Mr. Natthanit in tern issued a formal letter appointing as his representative Mr. Nimol Rakdee, who is the right hand man of Sia Piang.

It was Mr. Nimol Rakdee's job purchase rice from the government under the G2G scheme via the Department of Foreign Trade. Sia Piang then takes the rice which was sold at a price below market rates due to the fact that there was no public auction as per G2G regulations, and sells them to the rice mills at market rates.

The government loses money once because Sia Piang pockets the difference between the G2G price and the market rates. The rice mills then sell the rice back to the government, causing the government to lose money the twice because the government is obliged to buy the rice at 40% above the market rate.

It is probably not negligence or coincidence that causes the government loses money in this way. More likely because Sia Piang (circled) is a close associate of Thaksin.

Selling the rice under a G2G scheme (to avoid a public tender) is actually a scheme to sell the rice to corporations belonging to people close to Thaksin Shinawatra.

And don't forget, the money that was lost two-fold in this way is none other than our very own tax money.

Edited February 1, 2014 by smedly

[Bluespunk]

Only four companies took part in bidding to buy rice under the scheme on Tuesday, Nov 19. 2013 The companies are Royal Richy Rice, Capital Serial, Asia Golden Rice and Charoen Pokphand... Charoen Pokphand (coincidentally or not) . a private company Part of the C.P Group and coincidentally ( or not) one of the Independent Directors of which Is Abhiset's father...[follow the money] this is part of a much bigger power play to discredit whomever they want whenever they want... this is all intended to make Yluck look even worse... she had nothing to do with this part of it these are the real string pullers here in ASIA... this has only to do with discrediting her...nothing more...this is not face brokered this is all back room brokered and Marks pop and the rest of the Independent and not independent Directors of Charoen Pokphand .. . which incidentally is a private company ..not Thai government... besides India and Vietnam give them better deals. Thai Rice is too pricy...but that is not what this is about... it is smear tactic pure and simple...

Either sarcasm( in which case Kudos, very funny) or a serious case of not wanting to face reality. PT alone are responsible for every disastrous, corrupt consequence of this inept scheme.

[Bluespunk]

If its all above board, why would there be a problem?

If there's a contract to adhere to then just fulfill it

Sent from my Nexus 4 using Thaivisa Connect Thailand mobile app

"If" indeed.

[otherstuff1957]

Only four companies took part in bidding to buy rice under the scheme on Tuesday, Nov 19. 2013 The companies are Royal Richy Rice, Capital Serial, Asia Golden Rice and Charoen Pokphand... Charoen Pokphand (coincidentally or not) . a private company Part of the C.P Group and coincidentally ( or not) one of the Independent Directors of which Is Abhiset's father...[follow the money] this is part of a much bigger power play to discredit whomever they want whenever they want... this is all intended to make Yluck look even worse... she had nothing to do with this part of it these are the real string pullers here in ASIA... this has only to do with discrediting her...nothing more...this is not face brokered this is all back room brokered and Marks pop and the rest of the Independent and not independent Directors of Charoen Pokphand .. . which incidentally is a private company ..not Thai government... besides India and Vietnam give them better deals. Thai Rice is too pricy...but that is not what this is about... it is smear tactic pure and simple...

That was an auction of rice that was (presumably) for domestic consumption. What, if anthing, does it have to do with g to g deals with China?

[aimbc]

Only four companies took part in bidding to buy rice under the scheme on Tuesday, Nov 19. 2013 The companies are Royal Richy Rice, Capital Serial, Asia Golden Rice and Charoen Pokphand... Charoen Pokphand (coincidentally or not) . a private company Part of the C.P Group and coincidentally ( or not) one of the Independent Directors of which Is Abhiset's father...[follow the money] this is part of a much bigger power play to discredit whomever they want whenever they want... this is all intended to make Yluck look even worse... she had nothing to do with this part of it these are the real string pullers here in ASIA... this has only to do with discrediting her...nothing more...this is not face brokered this is all back room brokered and Marks pop and the rest of the Independent and not independent Directors of Charoen Pokphand .. . which incidentally is a private company ..not Thai government... besides India and Vietnam give them better deals. Thai Rice is too pricy...but that is not what this is about... it is smear tactic pure and simple...

Boy reaching far and deep with this theory. That is November and when was the probe called? And if the G-G deal really happen, why would it take more than 1 year to negotate. During the probe the govt had always claimed to have a G-G deal. This was obviously a lie so they can secure additional loan over and above the 500 Billion Baht limit. So let's get back to reality. The govt only made 180 billion baht with the rice slaes. And they exported less than 1 ton. And now they are saying the company they negotiated with tore up the contract...that is as far reaching as you can get.

And YS again put her stamp of approval on it. That is why she will take the biggest fall. Stupidity is not a defense. And how much more proof is needed to see this YS administration are a bunch of law breaker, criminal, and should have been ousted before the protesters came into the scene. But it took the protesters to do the job of the law enforcement to bright to light their crimes. So this election is a sham because the ones calling the election is a sham.

Bottom line, again and again PTP never takes the blame. Even when they defraud the public and taxpayers, it is going to be not their fault. I will bet that when they are found guilty, they will claim it was politcally motivated. Just like Thaksin did. This will be the biggest corruption scandal of all time for Thailand.

But I do have to give credit to this administration for honestly working hard with taxpayers dollar. Honestly working hard trying not to get caught that is about as much honesty as you will get from them.

[Patje]

Since when is a company afraid of doing business ? Even if it's not kosher , if they can make a profit, they are in .

[ratcatcher]

Only four companies took part in bidding to buy rice under the scheme on Tuesday, Nov 19. 2013 The companies are Royal Richy Rice, Capital Serial, Asia Golden Rice and Charoen Pokphand... Charoen Pokphand (coincidentally or not) . a private company Part of the C.P Group and coincidentally ( or not) one of the Independent Directors of which Is Abhiset's father...[follow the money] this is part of a much bigger power play to discredit whomever they want whenever they want... this is all intended to make Yluck look even worse... she had nothing to do with this part of it these are the real string pullers here in ASIA... this has only to do with discrediting her...nothing more...this is not face brokered this is all back room brokered and Marks pop and the rest of the Independent and not independent Directors of Charoen Pokphand .. . which incidentally is a private company ..not Thai government... besides India and Vietnam give them better deals. Thai Rice is too pricy...but that is not what this is about... it is smear tactic pure and simple...

"...........it is smear tactic pure and simple..."

And, these days that is what it's all about. If the Dems were in power at the time, PTP would be using every means to expose the corruption. As far as Yingluck is concerned, I am beginning to wonder if the dear lady can possibly look any worse after all this crap.

Politics is such a dirty business, unlike farming, of course.