Most of the rice tested in government warehouses 'substandard'

[rubl]

Correct, The Yingluck government said that and tried it.

Now to cut this back and forth short.

You wrote "disgust about the rice scheme only to come up with a rubber scheme, etc)."

and I replied

"It would seem both have something in common, the word "scheme".

So, will the 'rubber scheme" pay middle man, pay a price way above word price, no plans to limit volume and amounts, no plans for alternative crops, no plans for quality improvements? "

So, rice scam is not a subsidy, rice scam is not same as the rubber scheme.

Looks the same to me Rubi. Previous government pay a 10% over market price and subsidies 2,520B for every rai of rubber plantation. Total of 21B Baht was set aside to fund this scheme. Current government continue the funding with 6B Baht. And I wouldn't sue you for the misinformation.

Of course it looks the same ... to you.

A scam costing 700++ billion while having been presented as self-sufficient and a subsidy with limited costs.

Well, since you're so kind not sue me for telling the truth, I'll not sue you for half truths, not even for the typo's

[mikemac]

There is a big difference between a subsidy and blatantly ripping farmers off in the guise of a rice payment scheme.

This scheme was conjured up by the same guy who brought havoc to Bangkok in 2010 which cost the country many lives and millions of baht.

Would you expect anything less ?

[Eric Loh]

Correct, The Yingluck government said that and tried it.

Now to cut this back and forth short.

You wrote "disgust about the rice scheme only to come up with a rubber scheme, etc)."

and I replied

"It would seem both have something in common, the word "scheme".

So, will the 'rubber scheme" pay middle man, pay a price way above word price, no plans to limit volume and amounts, no plans for alternative crops, no plans for quality improvements? "

So, rice scam is not a subsidy, rice scam is not same as the rubber scheme.

Looks the same to me Rubi. Previous government pay a 10% over market price and subsidies 2,520B for every rai of rubber plantation. Total of 21B Baht was set aside to fund this scheme. Current government continue the funding with 6B Baht. And I wouldn't sue you for the misinformation.

Of course it looks the same ... to you.

A scam costing 700++ billion while having been presented as self-sufficient and a subsidy with limited costs.

Well, since you're so kind not sue me for telling the truth, I'll not sue you for half truths, not even for the typo's

Looks like the amount gets inflated every time it got mentioned by you. So now it's 700B +++ (for effect I suppose). You privy to the final NCPO audit or just guessing as always. Good to see no one got sued and no offensive word here. It should be in that spirit in TVF.

[Thai at Heart]

So what is this damage worth in terms of the price?

I think cp is about to get to pick up a few million tonnes of pig feed very cheap. Of course, none of that would ever end up as rice products for human consumption.

Whilst it makes for a very nice story, if you were trying to export this to the market, please explain why you would state this in quite such a public fashion?

[rubl]

Of course it looks the same ... to you.

A scam costing 700++ billion while having been presented as self-sufficient and a subsidy with limited costs.

Well, since you're so kind not sue me for telling the truth, I'll not sue you for half truths, not even for the typo's

Looks like the amount gets inflated every time it got mentioned by you. So now it's 700B +++ (for effect I suppose). You privy to the final NCPO audit or just guessing as always. Good to see no one got sued and no offensive word here. It should be in that spirit in TVF.

The latest official loss figures from one or two months ago were 500 billion Baht. With the BAAC having made payments upto about 880++ AND still has the increasing costs of the fund management, interest, etc. and with 200++ refunded from rice sales AND with the value of the rice mountain in doubt, it would seem that 700++ will be closer to the mark, especially as the repayment to BAAC will also take a few years.

Of course giving more accurate figures might have been possible if the Yingluck Administration had administered a wee bit more

[rubl]

So what is this damage worth in terms of the price?

I think cp is about to get to pick up a few million tonnes of pig feed very cheap. Of course, none of that would ever end up as rice products for human consumption.

Whilst it makes for a very nice story, if you were trying to export this to the market, please explain why you would state this in quite such a public fashion?

What value do you want to put on 'reputation'?

[icare999]

We have to make sure that only good-quality Thai rice is exported," he said.

So the sub-standard rice isn't good enough for the rest of the world but presumably will end up being served in Thailand. Not a good picture.

Exactly! We will have to consume the sub-standard rice while the man in Dubai, who was behind the scam, and his crony politicians, etc., will be eating the best quality rice. I hope that the rural people won't be fooled by his promises and smiles in the run-up to the next elections in 2015.

and you really believe their will for sure be an election in 2015 I doubt it very much and hope not. IT will take several many years for army to start cleaning up mess left by Taksin and shins

[Lupatria]

and this is news in the hub of 'substandards'...?

[ramrod711]

And they query why the first auction had no bidders. To rid the country of this long standing international disgrace, kill headlines and go on to some other "blue sky " project, they should announce free rice to anyone who wants it and the pickups will form a line 5 kilometers long !

Dear Don, this is not the Thai way. The Thai method is to hold an auction, if no bidder meets the minimum price, the rice is not sold, it continues to rot, becoming worth even less. The minimum price does not change however, bidders must learn that the price is what it is, which I believe is what got us where we are.

[Thai at Heart]

So what is this damage worth in terms of the price?

I think cp is about to get to pick up a few million tonnes of pig feed very cheap. Of course, none of that would ever end up as rice products for human consumption.

Whilst it makes for a very nice story, if you were trying to export this to the market, please explain why you would state this in quite such a public fashion?

What value do you want to put on 'reputation'?

Well, u think that rice buying is just some random event without industry experts and priced just magicked out of the ether.

The industry knows very well what colorariin damage does to prices but I or u are left none the wiser. After a year colouring was to be expected and no one in the industry is going to be shocked by this at all.

But the product still has a value as the standard it is.

So, no?

No one knows? By the way. I have little doubt the buyers are buying this years crop with no issue and at top price as normal. The reputation argument is specious. Crop years are crop years.

It isn't as though the market didn't notice the subsidy scheme was in effect.

[mikemac]

And they query why the first auction had no bidders. To rid the country of this long standing international disgrace, kill headlines and go on to some other "blue sky " project, they should announce free rice to anyone who wants it and the pickups will form a line 5 kilometers long !

Dear Don, this is not the Thai way. The Thai method is to hold an auction, if no bidder meets the minimum price, the rice is not sold, it continues to rot, becoming worth even less. The minimum price does not change however, bidders must learn that the price is what it is, which I believe is what got us where we are.

Quite right, unfortunately.

I visited Thaton near Chiang Rai years ago. There was a resort on the river not far from the bridge, looked like every chalet was empty, not a car in sight. The guy at reception said the chalets were 1,500 baht a night, I offered him 1,000 and he said no. Ended up staying at the guesthouse just over the bridge for about 250 baht.

The guy from the resort could have had 1,000 baht but was too pig-headed.

They would never give the rice away, they would rather watch it rot.

[Robby nz]

And they query why the first auction had no bidders. To rid the country of this long standing international disgrace, kill headlines and go on to some other "blue sky " project, they should announce free rice to anyone who wants it and the pickups will form a line 5 kilometers long !

Assuming you mean the first auction held under the army supervision then that auction did have many bidders.

However the bids were said to not reach the floor price.

But after negotiation with the top bidders 74,000 tons out of 169,000 tons were sold at prices said to be above base world prices.

Report I read said most of the rice sold was Hom Mali and broken rice.

The next auction of 200,000 tons is due early next month.

Oh yes, bidders can inspect the rice before bidding.

[Robby nz]

Looking very bad for the quality of what is there, but the quantity is another thing which has yet to be determined.

Just how much of Yingluck and Yanyomg's 19.8 million tons is really there.

BANGKOK, 24 April 2014

– Prime Minister Yingluck Shinawatra has asserted that rice in the government's stockpile has not gone missing as suspected by the National Anti-Corruption Commission (NACC), urging the latter to conduct an inspection of the government's rice stock to determine whether rice was really missing.

Minister Yanyong visited the NACC on Wednesday to submit a letter asserting that inspections of the rice stock in warehouses, carried out in March by Ministry of Commerce officials and members of the rice stock inspection committee, found that the entire 18.7 million tons of rice was intact and another 1.1 million tons was being fumigated.

If I remember, this inspection was conducted by Nuttawat....over a period of something like 3-4 days.....

That would be Nuttawat of I will take responsibility fame and the owner of Nuttawat transport a company that was reported to be moving truck loads of rice around.

[mikemac]

GK where are you to defend Big Ts rice scam

Maybe GK is smart enough to know there is no defense. Have not seen him post for a while.

I haven't seen him either. Fab4 is still around though. I don't usually agree with him but he does at least try to present some facts to back up his claims.

It would be good to get another side to the story which isn't looking good at the moment.

My view is that all these policies were about the headline numbers. Buy a car and we'll give you up to 100,000 baht back. We'll raise your pay to 300 baht a day. We'll give you 15,000 baht a ton for your rice. Keeping a check on these wasn't a priority so many first time car buyers were unable to drive. The 300 baht a day was most likely not paid or the job was given to a migrant who could be paid less or they were just told to work longer. The problems with the rice scheme are partly set out in the OP. The numbers got the votes and anything else wasn't needed.

I could be wrong of course but that's just my view.

GK seemed to disappear around the time the rice scam details came to light, funny about that. Maybe he is waiting for us to forget about it so he can start posting again.

And presenting facts to back up claims and posting links to dubious websites can be two different things. Especially when links are posted to sites like "politicalprisonersofthailand" and quotes from the likes of Bangkok Pundit are used. May as well publish a picture of the writings on the inside of a pub's dunny door.

And your quote "The numbers got the votes" sums up the ethos of the PTP, perfectly.

[Robby nz]

The Shins have never cared about the poor, they were simply the cheapest and easiest way to buy their way into power/money ect. Anyone with half a brain can see that.

Agree, they use money to get into power to enrich themselves and their cronies while others use tanks and guns.

Neither cares much about the country as a whole or the poor.

Anyone with a quarter of a brain can see that.

Cheap stab at the military I see.

In a topic about the rice scam which the Yingluck government started and the military stopped and even tries to get corrected.

What was that about a 'quarter brain'?

You mean rice scheme not scam or fraud. I have never heard that from the NCPO audit team or any charges brought against Yingluck or her ex-ministers? Or are you holding back some information privy only to you.

You don't appear to be aware that 2 of the PT Commerce ministers were red carded, an action which will very likely lead to farther action against them.

Nor do you seem to have noticed that the NACC has recommended that charges be laid against Yingluck for negligence.

Once the audit of the inspections is complete and a report prepared at the end of next month and that is added to the evidence the NACC already has there can be little doubt farther charges will be laid from warehouse to (previous) cabinet level and probably beyond.

[dru2]

Come on reds . . . defend or excuse this . . . or will you finally accept that Thaksin/Yingluck/PT/UDD etc don't give a shit nor have they ever given a shit about "the poor" who they were allegedly "helping".

The only thing they were interested in was solidifying their power over "the poor" and enriching themselves obscenely whilst doing so. All in the guise of "democracy" . . . it's all one big <deleted> joke and so so many of you just can't see it still.

Oh, they can see it Tatsujin, they just can't admit it because they are either too stubborn and don't want to lose face, are too thick and just don't understand what is happening, are trolls and want to keep baiting and taunting people into arguments (eg. phipodon) or are paid to post crap.

The Shins have never cared about the poor, they were simply the cheapest and easiest way to buy their way into power/money ect. Anyone with half a brain can see that.

Why all this innuedos unless you are baiting and taunting yourself. Why this off tangent posting when the subject is all about bad storage due to the extended storage period. If it is a storage problem, the owners of the warehouses will have to compensate the government. Anyone with half a brain can see that.

But, Eric, do you even have half a brain? You keep on denying that it was a PTP-organised scam, blaming everyone - eg warehouse owners - in a desperate bid to exonerate your beloved "Madame Yingluck". You are a pathetic and unconvincing psycophant.

[Eric Loh]

Come on reds . . . defend or excuse this . . . or will you finally accept that Thaksin/Yingluck/PT/UDD etc don't give a shit nor have they ever given a shit about "the poor" who they were allegedly "helping".

The only thing they were interested in was solidifying their power over "the poor" and enriching themselves obscenely whilst doing so. All in the guise of "democracy" . . . it's all one big <deleted> joke and so so many of you just can't see it still.

Oh, they can see it Tatsujin, they just can't admit it because they are either too stubborn and don't want to lose face, are too thick and just don't understand what is happening, are trolls and want to keep baiting and taunting people into arguments (eg. phipodon) or are paid to post crap.

The Shins have never cared about the poor, they were simply the cheapest and easiest way to buy their way into power/money ect. Anyone with half a brain can see that.

Why all this innuedos unless you are baiting and taunting yourself. Why this off tangent posting when the subject is all about bad storage due to the extended storage period. If it is a storage problem, the owners of the warehouses will have to compensate the government. Anyone with half a brain can see that.

But, Eric, do you even have half a brain? You keep on denying that it was a PTP-organised scam, blaming everyone - eg warehouse owners - in a desperate bid to exonerate your beloved "Madame Yingluck". You are a pathetic and unconvincing psycophant.

That's the kind of reply that really requires less than a quarter brain to come up. No rebuttal but just insults and completely devoid of substance. If you have evidence of scam, bring it up or qoute some references, not avoiding by giving an unintelligent reply.

[Eric Loh]

The Shins have never cared about the poor, they were simply the cheapest and easiest way to buy their way into power/money ect. Anyone with half a brain can see that.

Agree, they use money to get into power to enrich themselves and their cronies while others use tanks and guns.

Neither cares much about the country as a whole or the poor.

Anyone with a quarter of a brain can see that.

Cheap stab at the military I see.

In a topic about the rice scam which the Yingluck government started and the military stopped and even tries to get corrected.

What was that about a 'quarter brain'?

You mean rice scheme not scam or fraud. I have never heard that from the NCPO audit team or any charges brought against Yingluck or her ex-ministers? Or are you holding back some information privy only to you.

You don't appear to be aware that 2 of the PT Commerce ministers were red carded, an action which will very likely lead to farther action against them.

Nor do you seem to have noticed that the NACC has recommended that charges be laid against Yingluck for negligence.

Once the audit of the inspections is complete and a report prepared at the end of next month and that is added to the evidence the NACC already has there can be little doubt farther charges will be laid from warehouse to (previous) cabinet level and probably beyond.

I have no problem agreeing with you on most points. As when the audit is completed and the inspectors found sufficient evidence of corruption or scam as most like to call, linking to anyone including Yingluck and cabinet ministers, throw the book at them. I detest corruption just like you whether which side there are from including the military. But as it is now, there are no charges or conviction and the charges as you correctly state should only be for negligence.

As for the red cards, those are from the EC and I can't see the connection with the rice scheme.

[Robby nz]

Cheap stab at the military I see.

In a topic about the rice scam which the Yingluck government started and the military stopped and even tries to get corrected.

What was that about a 'quarter brain'?

You mean rice scheme not scam or fraud. I have never heard that from the NCPO audit team or any charges brought against Yingluck or her ex-ministers? Or are you holding back some information privy only to you.

You don't appear to be aware that 2 of the PT Commerce ministers were red carded, an action which will very likely lead to farther action against them.

Nor do you seem to have noticed that the NACC has recommended that charges be laid against Yingluck for negligence.

Once the audit of the inspections is complete and a report prepared at the end of next month and that is added to the evidence the NACC already has there can be little doubt farther charges will be laid from warehouse to (previous) cabinet level and probably beyond.

I have no problem agreeing with you on most points. As when the audit is completed and the inspectors found sufficient evidence of corruption or scam as most like to call, linking to anyone including Yingluck and cabinet ministers, throw the book at them. I detest corruption just like you whether which side there are from including the military. But as it is now, there are no charges or conviction and the charges as you correctly state should only be for negligence.

As for the red cards, those are from the EC and I can't see the connection with the rice scheme.

You cant see any connection between 2 previous commerce ministers and the rice scheme ?

Was it not the commerce ministry that was supposed to be in charge of the scheme ?

And the commerce ministers, as one replaced the other, were supposed to be in charge of the commerce ministry.

Incidentally, I didn't state that charges should only be for negligence, I stated that at present the charges being investigated against Yingluck are for negligence.

I will state however that there will very likely be far more than negligence involved when all the audits and investigations are complete.

[Baerboxer]

This can not be true as I fully remember Yingluck making the announcement that she ordered and inspection or these warehouses and the stockpiles were in good condition. It is known to all that a Shiniwatra would not lie

I will do all in my power to nominate you for a Pulitzer prize as your funny and sarcastic writing here exposed, for the first time in history, a government that told a lie.

Well done sir!

Doesn't change the fact - Yingluck lied, her cabinet lied and not for the only time about this.

Doesn't matter what others did, didn't do, or said before and in relation to anything else. This is about one of the biggest scams in Thai history, thought up by a convicted criminal fugitive and implemented by his sister whilst she acted as PM. Negligence, lies and corruption,

Hopefully all those involved will be punished, but as this is Thailand the rich hiso elites involved, such as the Shins, will no doubt escape any real punishment.

[Prbkk]

Haven't seen any evidence of a scam. Bad policy, yes. Poorly managed, yes. Scam, no...I can;t see how Yingluck is implicated in this other than as the person running with a lousy policy.

[Old Man River]

But I don't think i can help you with arguments that this was not just for the headlines. Most government policies in Thailand are implemented for the headlines without must thought or investigation being done. That was so with the previous government as well as with the current government (crackdown on visa runs which lasted about a month before they started easing the rules already, disgust about the rice scheme only to come up with a rubber scheme, etc).

It would seem both have something in common, the word "scheme".

So, will the 'rubber scheme" pay middle man, pay a price way above word price, no plans to limit volume and amounts, no plans for alternative crops, no plans for quality improvements?

If it is a subsidy, which it is, the price will be, per definition, above the market price.

So please quantify "way above".

The loss is being defined as the value of rice in stockpile vs market price. As of Jan. 2013, the loss was estimated to be over THB 440 billion. The losses would be higher now.

Sent from my iPad using Thaivisa Connect Thailand

[The Deerhunter]

"failed to meet the standard because it was apparent the colour was "wrong", the samples went bad or were damaged by pests, or were mixed with cheaper grains, among other things"

As was demonstrated by the Democrats in Parliament a staggering 564 days ago.

But 564 days ago it was great and they were lying. Yeah Right!!

But seriously: So this is the Government warehouses. Let us hope that on average, the private warehouses have some better news than "1-in-5 is ok" for the Thai taxpayer. Oh dear, but no surprises

[Bob12345]

This can not be true as I fully remember Yingluck making the announcement that she ordered and inspection or these warehouses and the stockpiles were in good condition. It is known to all that a Shiniwatra would not lie

I will do all in my power to nominate you for a Pulitzer prize as your funny and sarcastic writing here exposed, for the first time in history, a government that told a lie.

Well done sir!

Doesn't change the fact - Yingluck lied, her cabinet lied and not for the only time about this.

Doesn't matter what others did, didn't do, or said before and in relation to anything else. This is about one of the biggest scams in Thai history, thought up by a convicted criminal fugitive and implemented by his sister whilst she acted as PM. Negligence, lies and corruption,

Hopefully all those involved will be punished, but as this is Thailand the rich hiso elites involved, such as the Shins, will no doubt escape any real punishment.

My reply was to indicate that the post added little to nothing to the conversation.

Not sure if it is the biggest scam in thai history, and neither do you. It is a costly rice subsidy which involved fraud, but the magnitute of the fraudulent part is unknown so far as is the size of the fraud committed by the previous governments thailand has had in the past 50 years.

I also hope that those involved will get a fair trail and will be punished accordingly. And, just like you, i have my doubts this will happen. Fair punishments should deter future governments to commit fraud (or place themselves above the law as the current government is doing).

[Bob12345]

But I don't think i can help you with arguments that this was not just for the headlines. Most government policies in Thailand are implemented for the headlines without must thought or investigation being done. That was so with the previous government as well as with the current government (crackdown on visa runs which lasted about a month before they started easing the rules already, disgust about the rice scheme only to come up with a rubber scheme, etc).

It would seem both have something in common, the word "scheme".

So, will the 'rubber scheme" pay middle man, pay a price way above word price, no plans to limit volume and amounts, no plans for alternative crops, no plans for quality improvements?

If it is a subsidy, which it is, the price will be, per definition, above the market price.

So please quantify "way above".

The loss is being defined as the value of rice in stockpile vs market price. As of Jan. 2013, the loss was estimated to be over THB 440 billion. The losses would be higher now.

Sent from my iPad using Thaivisa Connect Thailand

Yes, that is how you can measure a loss.

The point is that a subsidy always makes a loss (unless you can corner the market).

[The Deerhunter]

Haven't seen any evidence of a scam. Bad policy, yes. Poorly managed, yes. Scam, no...I can;t see how Yingluck is implicated in this other than as the person running with a lousy policy.

Sir, you are an optimist. A deluded, fiercely loyal optimist. They claimed they had checked it all (in April I think) and it was all peachy, so SHE said!!!!!. At what point do you start to lose confidence in your own blind loyalty for these guys? Put a fox in charge of the hen house and what else do you expect? Only in Thailand with a beautiful photogenic ex-prime minister could we find ex-pat people posting like this with your level of "optimism", if that (after all these revelations) is still an appropriate word to describe your blind enthusiasm. Wake up & smell the coffee. There is still time to quietly admit with honour that "perhaps your charity was misplaced." Go on. Take a deep breath & say it. Otherwise it will just get worse every day. It's all downhill from here buddy!

[The Deerhunter]

Come on reds . . . defend or excuse this . . . or will you finally accept that Thaksin/Yingluck/PT/UDD etc don't give a shit nor have they ever given a shit about "the poor" who they were allegedly "helping".

The only thing they were interested in was solidifying their power over "the poor" and enriching themselves obscenely whilst doing so. All in the guise of "democracy" . . . it's all one big <deleted> joke and so so many of you just can't see it still.

Oh, they can see it Tatsujin, they just can't admit it because they are either too stubborn and don't want to lose face, are too thick and just don't understand what is happening, are trolls and want to keep baiting and taunting people into arguments (eg. phipodon) or are paid to post crap.

The Shins have never cared about the poor, they were simply the cheapest and easiest way to buy their way into power/money ect. Anyone with half a brain can see that.

Why all this innuedos unless you are baiting and taunting yourself. Why this off tangent posting when the subject is all about bad storage due to the extended storage period. If it is a storage problem, the owners of the warehouses will have to compensate the government. Anyone with half a brain can see that.

But, Eric, do you even have half a brain? You keep on denying that it was a PTP-organised scam, blaming everyone - eg warehouse owners - in a desperate bid to exonerate your beloved "Madame Yingluck". You are a pathetic and unconvincing psycophant.

Eric. This was the government warehouses!!!! Duh! Who is going to compensate whom, Eric?

[Thai at Heart]

Haven't seen any evidence of a scam. Bad policy, yes. Poorly managed, yes. Scam, no...I can;t see how Yingluck is implicated in this other than as the person running with a lousy policy.

Sir, you are an optimist. A deluded, fiercely loyal optimist. They claimed they had checked it all (in April I think) and it was all peachy, so SHE said!!!!!. At what point do you start to lose confidence in your own blind loyalty for these guys? Put a fox in charge of the hen house and what else do you expect? Only in Thailand with a beautiful photogenic ex-prime minister could we find ex-pat people posting like this with your level of "optimism", if that (after all these revelations) is still an appropriate word to describe your blind enthusiasm. Wake up & smell the coffee. There is still time to quietly admit with honour that "perhaps your charity was misplaced." Go on. Take a deep breath & say it. Otherwise it will just get worse every day. It's all downhill from here buddy!

You think natural deterioration of the product suggests a scam?

Beyond that, I think this statement without more details is actually incredibly damaging to the country and the government.

Substandard means what exactly? Inedible, or what? He has just rubbished the entire volume in storage.

[tim armstrong]

Sub standard rice is not worthless, it just means that there will be a massive loss in revenue. Who will pay ? probably no one. Just start again and hope the monitoring is more effective this time around.

[Eric Loh]

Come on reds . . . defend or excuse this . . . or will you finally accept that Thaksin/Yingluck/PT/UDD etc don't give a shit nor have they ever given a shit about "the poor" who they were allegedly "helping".

The only thing they were interested in was solidifying their power over "the poor" and enriching themselves obscenely whilst doing so. All in the guise of "democracy" . . . it's all one big <deleted> joke and so so many of you just can't see it still.

Oh, they can see it Tatsujin, they just can't admit it because they are either too stubborn and don't want to lose face, are too thick and just don't understand what is happening, are trolls and want to keep baiting and taunting people into arguments (eg. phipodon) or are paid to post crap.

The Shins have never cared about the poor, they were simply the cheapest and easiest way to buy their way into power/money ect. Anyone with half a brain can see that.

Why all this innuedos unless you are baiting and taunting yourself. Why this off tangent posting when the subject is all about bad storage due to the extended storage period. If it is a storage problem, the owners of the warehouses will have to compensate the government. Anyone with half a brain can see that.

But, Eric, do you even have half a brain? You keep on denying that it was a PTP-organised scam, blaming everyone - eg warehouse owners - in a desperate bid to exonerate your beloved "Madame Yingluck". You are a pathetic and unconvincing psycophant.

Eric. This was the government warehouses!!!! Duh! Who is going to compensate whom, Eric?

Here is an extract of the NCPO statement on 13 August 2014 which may help you understand more about compensation - "NCPO will take legal action against warehouse owners and government officials in order to offset losses with some compensation".

PWO is a state owned enterprise like TA or PTT and is responsible for its own financial management. They will have to pay compensation back to the government. I hope they have insurance.

Also PWO has about 200 warehouses and could only store about 2 million tons. The bulk will be PWO contracted private warehouses which I think is in the region of 800 warehouses. They too will have to pay compensation for bad storage conditions which are part of the contract.