webfact Posted September 11, 2014 Posted September 11, 2014 Villagers want NACC to probe industry minister for his gold mining linksBANGKOK: -- A petition was submitted to the National Anti-Corruption Commission today by a group of villagers demanding an investigation into the conduct of Industry Minister Chakkramont Phasukvanich over his previous connection with gold-mining business.The group claimed to represent people in Lop Buri, Saraburi, Phichit, Phitsanuloke and Petchabun provinces where gold mining operations are under way. The petition was received by Mr Phisit Pattanakitchamroon, a special expert on corruption.The petitioners claimed by Industry Minister Chakkramont used to be a shareholder in the Akkara mining company or Akkara Resources gold-mining company and a board director of CIMB bank which is key financier of the mining business.Mrs Wanpen Promrangsan, a representative of the group, said that even though Mr Chakkramont had already resigned from the bank and disposed of his shares in the mining company, it was not enough to ensure that he would protect the interest of people affected from the effects of mining activities.She said that large tracts of land namely 70,000 rai in Saraburi, 160,000 rai in Lop Buri and 400,000 rai in Phitsanuloke had been concessioned to gold mining companies .Source: http://englishnews.thaipbs.or.th/villagers-want-nacc-probe-industry-minister-gold-mining-links/ -- Thai PBS 2014-09-11 1
tomacht8 Posted September 11, 2014 Posted September 11, 2014 The petitioners claimed by Industry Minister Chakkramont used to be a shareholder in the Akkara mining company or Akkara Resources gold-mining company and a board director of CIMB bank which is key financier of the mining business.Conflict of interest?Taking advantage in his official function?personal enrichment?bribery? 1
Popular Post whybother Posted September 11, 2014 Popular Post Posted September 11, 2014 The petitioners claimed by Industry Minister Chakkramont used to be a shareholder in the Akkara mining company or Akkara Resources gold-mining company and a board director of CIMB bank which is key financier of the mining business. Conflict of interest? Taking advantage in his official function? personal enrichment? bribery? "used to be" ... where is the conflict of interest? 3
Cuchulainn Posted September 11, 2014 Posted September 11, 2014 Good. ANYONE involved in politics at all in any way must be thoroughly scrutinised when declaring assets and wealth. 2
tomacht8 Posted September 11, 2014 Posted September 11, 2014 The petitioners claimed by Industry Minister Chakkramont used to be a shareholder in the Akkara mining company or Akkara Resources gold-mining company and a board director of CIMB bank which is key financier of the mining business. Conflict of interest? Taking advantage in his official function? personal enrichment? bribery? "used to be" ... where is the conflict of interest? Perhaps the Minister of Industry gives the mining rights exclusive to companies at which he is privately involved?
whybother Posted September 11, 2014 Posted September 11, 2014 Perhaps the Minister of Industry gives the mining rights exclusive to companies at which he is privately involved? Which companies is he currently "privately involved"? 1
tomacht8 Posted September 11, 2014 Posted September 11, 2014 Perhaps the Minister of Industry gives the mining rights exclusive to companies at which he is privately involved? Which companies is he currently "privately involved"? Minister Chakkramont used to be a shareholder in the Akkara mining company or Akkara Resources gold-mining company. If you are Interested: http://www.dailynews.co.th/Content/economic/262992/
smutcakes Posted September 11, 2014 Posted September 11, 2014 Maybe the NACC can also investigate the role of the new police chief in the Loei mine fiasco, as he was a director of Tungkum Limited, which might explain the inability of the police to do anything. 1
whybother Posted September 11, 2014 Posted September 11, 2014 Perhaps the Minister of Industry gives the mining rights exclusive to companies at which he is privately involved? Which companies is he currently "privately involved"? Minister Chakkramont used to be a shareholder in the Akkara mining company or Akkara Resources gold-mining company. If you are Interested: http://www.dailynews.co.th/Content/economic/262992/ "used to be", so in other words, "not currently". 2
tomacht8 Posted September 11, 2014 Posted September 11, 2014 Perhaps the Minister of Industry gives the mining rights exclusive to companies at which he is privately involved? Which companies is he currently "privately involved"? Minister Chakkramont used to be a shareholder in the Akkara mining company or Akkara Resources gold-mining company. If you are Interested: http://www.dailynews.co.th/Content/economic/262992/ "used to be", so in other words, "not currently". He sold his shares recently, as it is in the article. Is it good if the NACC checking this. An assets and wealth check should be obligatory upon every high official and politician.
whybother Posted September 11, 2014 Posted September 11, 2014 He sold his shares recently, as it is in the article. Is it good if the NACC checking this. An assets and wealth check should be obligatory upon every high official and politician. He most likely sold his shares when he became minister. As such he would no longer be "privately involved" with the company. Therefore, (back to your original comment) there would be no "conflict of interest". 1
tomacht8 Posted September 11, 2014 Posted September 11, 2014 He sold his shares recently, as it is in the article. Is it good if the NACC checking this. An assets and wealth check should be obligatory upon every high official and politician. He most likely sold his shares when he became minister. As such he would no longer be "privately involved" with the company. Therefore, (back to your original comment) there would be no "conflict of interest". "used to be" Or you think the Villagers do a PR stunt?
whybother Posted September 11, 2014 Posted September 11, 2014 He sold his shares recently, as it is in the article. Is it good if the NACC checking this. An assets and wealth check should be obligatory upon every high official and politician. He most likely sold his shares when he became minister. As such he would no longer be "privately involved" with the company. Therefore, (back to your original comment) there would be no "conflict of interest". "used to be" Correct. Before he became minister on September 1. Therefore, there is no conflict of interest.
whybother Posted September 11, 2014 Posted September 11, 2014 Or you think the Villagers do a PR stunt? The villagers don't like the fact that the Industry Minister knows about industry. 1
tomacht8 Posted September 11, 2014 Posted September 11, 2014 Or you think the Villagers do a PR stunt? The villagers don't like the fact that the Industry Minister knows about industry. I think the residents are concerned about their environment and the consequences of the mining industry. 1
whybother Posted September 11, 2014 Posted September 11, 2014 I think the residents are concerned about their environment and the consequences of the mining industry. And they have every right to be concerned. I am not disagreeing with that. I am disagreeing with your statement that there is a conflict of interest. The minister no longer holds shares in Akkara mining. He is not "privately involved" with them.
tomacht8 Posted September 11, 2014 Posted September 11, 2014 I think the residents are concerned about their environment and the consequences of the mining industry. And they have every right to be concerned. I am not disagreeing with that. I am disagreeing with your statement that there is a conflict of interest. The minister no longer holds shares in Akkara mining. He is not "privately involved" with them. Conflict of interest with a question mark, please!
whybother Posted September 11, 2014 Posted September 11, 2014 I think the residents are concerned about their environment and the consequences of the mining industry. And they have every right to be concerned. I am not disagreeing with that. I am disagreeing with your statement that there is a conflict of interest. The minister no longer holds shares in Akkara mining. He is not "privately involved" with them. Conflict of interest with a question mark, please! So you're not trying to say there was a conflict of interest because he used to own shares?
Popular Post Acharn Posted September 11, 2014 Popular Post Posted September 11, 2014 The petitioners claimed by Industry Minister Chakkramont used to be a shareholder in the Akkara mining company or Akkara Resources gold-mining company and a board director of CIMB bank which is key financier of the mining business. Conflict of interest? Taking advantage in his official function? personal enrichment? bribery? "used to be" ... where is the conflict of interest? The conflict is implied. Ownership of the 230,000 rai under concession to the mining company is not known. Whether he has continuing relations with the two companies is not known. Whether his wife owns shares in the mining company is not known. All good reason to dig into the particulars, since his position as Minister of Industries gives him huge power of the well-being of people. By the way, I think there is a General who is still closely associated with that mining company and owns a "private security" company that gets hired by the company as well. 3
tomacht8 Posted September 11, 2014 Posted September 11, 2014 I think the residents are concerned about their environment and the consequences of the mining industry. And they have every right to be concerned. I am not disagreeing with that. I am disagreeing with your statement that there is a conflict of interest. The minister no longer holds shares in Akkara mining. He is not "privately involved" with them. Conflict of interest with a question mark, please! So you're not trying to say there was a conflict of interest because he used to own shares? That he was an influential person in finance and in the mining industry until some days before, is undisputed. Now villagers demand the NACC to examine the independence. That there are exist relationships of the past is undisputed without naivety. Conflict of interest? (That is a question)Who knows what is previously expired there in the villages from mining. So i like that the NACC check this.Sounds cool.
Halion Posted September 11, 2014 Posted September 11, 2014 Knowing the Thai psyche , I would want to know to whom he sold his shares to before I jumped on the no conflict bandwagon. TIT 1
chotthee Posted September 11, 2014 Posted September 11, 2014 Mr Chakkramont HAD already resigned from the bank and disposed of his shares in the mining company. Case close please. Better spend your time go after Yingluck.
rubl Posted September 11, 2014 Posted September 11, 2014 Well, it would seem that if we apply the strict logic of some posters here, not too many politicians will be able to ever become a Cabinet Minister. Ms. Yingluck is disqualified as well, pity really.
Chris Lawrence Posted September 11, 2014 Posted September 11, 2014 What can one say if its true? Smart man get in get out with a sh*t load of cash. Business Thai style
Artisi Posted September 11, 2014 Posted September 11, 2014 Knowing the Thai psyche , I would want to know to whom he sold his shares to before I jumped on the no conflict bandwagon. TIT Agreed, maybe the maid, gardener, or family driver -- the precedent has already been established.
FangFerang Posted September 11, 2014 Posted September 11, 2014 So, why would Thai villagers, well known for their selfless dedication to the national and world communities and altruistic motives, file a petition to protest that a former shareholder would not watch out for interests for which he no longer was involved nor supervising -?- "it was not enough to ensure that he would protect the interest of people affected from the effects of mining activities." Uh, the one side buys votes and the other side buys petitions.... Amazing...... PS -- and look in the eyes of the guy on the left, and see past the deep poetic suffering....he thinks every day is Tuesday. 1
khaowong1 Posted September 11, 2014 Posted September 11, 2014 Just guessing here, but my vote is that some people in his district have bad feelings toward him. 1
bangrak Posted September 11, 2014 Posted September 11, 2014 Selling his assets to whom might be a point to me, as if he would not be involved anymore, would you really believe it, it is as evident as when Thaksin first became PM, and no double standards, do remember, don't give anyone a possibility to put a minister's honesty into doubt, for sure not in this 'clean' government the country needs!
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