Ex-minister Boonsong and 20 others faulted for corruption in fake G-to-G rice deals by NACC

[Lite Beer]

Ex-minister Boonsong and 20 others faulted for corruption in fake G-to-G rice deals by NACC

BANGKOK: -- The National Anti-Corruption Commission on Tuesday faulted former commerce minister Boonsong Teriyaphirom, former deputy commerce minister Poom Saraphol and 19 other officials and business people of corruption in connection with two fake government-to-government rice deals involving with 65,000 tonnes of milled rice worth about 847 million baht.

Other prominent figures implicated by the NACC are Major Veeravuth Watjanapukka, former secretary of Boonsong; Mr Manas Soiploy, former director-general of Foreign Trade Department, Mr Teekumporn Nartvorathat, former deputy director-general of Foreign Trade Department and Mr Akarapong Chueykliang, former director of Foreign Rice Trade Office.

Two Chinese companies named in the supposedly G-to-G rice deals are Guangdong stationery & sporting goods imp. & exp. Corp and Hainan grain and oil industrial trading company.

According to the NACC’s findings, the two Chinese firms were not authorized by the Chinese government to buy rice from Thailand. The rice were sold to the two firms at below domestic market prices and were never exported. Instead, the grains were sold to Siam Indiga or other domestic buyers at a profit.

The NACC has instructed the Foreign Trade Department and Finance Ministry to demand compensation from the 21 accuseds. The Revenue Department will also look into their financial transactions and tax payment records.

Former commerce minister Boonsong was also faulted for involvement in four other fake G-to-G rice deals with four Chinese firms. The deals involved 14 million tonnes of rice.

Source: http://englishnews.thaipbs.or.th/ex-minister-boonsong-20-others-faulted-corruption-fake-g-g-rice-deals-nacc

-- Thai PBS 2015-01-20

[Bluespunk]

Busted.

[tomacht8]

Organized thieves, swindlers, forgers, liars.

I hope the people of Thailand will get some of the stolen money back.

[djjamie]

This warms my cockles to no end and rest assured I am not talking about cooking bivalves in hot water.

I have been waiting for this day from the 11th of October, 2012 after he told the public to ignore export figures that proved he was lying..

[Rhys]

and the.. same.. old.. lack of daring.. status quo..

[seajae]

now the heat has been turned up on the ptp, lets see who tries to run or offers evidence for a get out of jail free card. The ptp house of cards is starting to fall in a big way.

[rubl]

and the former PM Ms. Yingluck knew nothing what her hand picked Minister of Commerce was getting into. In November 2013 Ms. Yingluck clearly stated in parliament during a censure debate that she and only she was in charge.

Makes you wonder, doesn't it ?

[surangw]

"G-to-G"

greed to gold, right ?

[Thai at Heart]

Former commerce minister Boonsong was also faulted for involvement in four other fake G-to-G rice deals with four Chinese firms. The deals involved 14 million tonnes of rice.

Nice how this one is sitting as an afterthought at the bottom. 14mn tonnes? Huh?

Meanwhile, 65,000 tonnes is going to bring the house down it seems. What a joke.

[HiSoLowSoNoSo]

To all Redshirt supporters: try to defend this

[assayer]

Former commerce minister Boonsong was also faulted for involvement in four other fake G-to-G rice deals with four Chinese firms. The deals involved 14 million tonnes of rice.

Nice how this one is sitting as an afterthought at the bottom. 14mn tonnes? Huh?

Meanwhile, 65,000 tonnes is going to bring the house down it seems. What a joke.

If my calculator is correct, the 14000000 tons mentioned at the bottom of the article is only worth-----176,985,074,626.865baht. That's 176 billion folks, or to us plain folks---- $5,462,502,303.2983

[jaidam]

To be fair to Boonsong, I don't think any serious observers are laying the blame for the trillion-odd lost baht on him. He is only Yaowapa's lapdog. You can't blame the dummy if the ventriloquist is offensive, can you?

[halloween]

In all fairness, the figures for the value of rice stolen should be discounted by the money that would otherwise have been paid in storage costs.

that the storage costs were another waste of taxpayer's money, most likely paid to other Thaksin cronies, is irrelevant.

[cooked]

."According to the NACC’s findings, the two Chinese firms were not authorized by the Chinese government to buy rice from Thailand. The rice were sold to the two firms at below domestic market prices and were never exported. Instead, the grains were sold to Siam Indiga or other domestic buyers at a profit."

The magnificent reporting style of Thai PBS leaves me confused. Are they saying that the rice was sold twice? Are they saying that the Chinese firm sold it on? If they did.then obviously money was criminally made, but not for the entirety of the value of the rice?

[manarak]

."According to the NACC’s findings, the two Chinese firms were not authorized by the Chinese government to buy rice from Thailand. The rice were sold to the two firms at below domestic market prices and were never exported. Instead, the grains were sold to Siam Indiga or other domestic buyers at a profit."

The magnificent reporting style of Thai PBS leaves me confused. Are they saying that the rice was sold twice? Are they saying that the Chinese firm sold it on? If they did.then obviously money was criminally made, but not for the entirety of the value of the rice?

The article is crystal clear, the Chinese companies just served as front for the government crooks in the deal.

They sold the rice cheap pretending exporting it to China, but in reality, it never left Thailand and was then sold on domestically for a higher price. I don't know how much the initial discount for the Chinese was, but if we suppose it was about 10 to 15%, then the crooks could have made about 10% of the total value when selling it on inside Thailand.

So this deal yielded about 500 million baht in total.

Except paying off participants, my other thought is that buying votes is expensive.

[Thai at Heart]

Former commerce minister Boonsong was also faulted for involvement in four other fake G-to-G rice deals with four Chinese firms. The deals involved 14 million tonnes of rice.

Nice how this one is sitting as an afterthought at the bottom. 14mn tonnes? Huh?

Meanwhile, 65,000 tonnes is going to bring the house down it seems. What a joke.

If my calculator is correct, the 14000000 tons mentioned at the bottom of the article is only worth-----176,985,074,626.865baht. That's 176 billion folks, or to us plain folks---- $5,462,502,303.2983

So why does is the headline fussing over 65,000 mt. I somehow think that his empeachment over 14mn might just be a little more significant.

[Somtamnication]

I am so glad this has come to light. Thailand is growing up. Slowly but....

[halloween]

So why does is the headline fussing over 65,000 mt. I somehow think that his empeachment over 14mn might just be a little more significant.

I suspect it is easier for your to nitpick the reporting than to discuss the actual crime.

[chainarong]

This is what you are searching for not only the PTP Government Ministers also Department officials , who agreed knowing full well that this was a scam , search for documentation that officials also warned the PTP of the danger of this foolhardy scheme and tell the public the names of those who stood up to this powerful group of people, it is doubtful that there will be many in this section, PTP having surrounded themselves with yes men.

[thesetat2013]

Former commerce minister Boonsong was also faulted for involvement in four other fake G-to-G rice deals with four Chinese firms. The deals involved 14 million tonnes of rice.

Nice how this one is sitting as an afterthought at the bottom. 14mn tonnes? Huh?

Meanwhile, 65,000 tonnes is going to bring the house down it seems. What a joke.

If my calculator is correct, the 14000000 tons mentioned at the bottom of the article is only worth-----176,985,074,626.865baht. That's 176 billion folks, or to us plain folks---- $5,462,502,303.2983

So why does is the headline fussing over 65,000 mt. I somehow think that his empeachment over 14mn might just be a little more significant.

It all has to be accounted for.

Down to the last grain. These people must be held accountable from the one at the bottom of the barrel all the way to YL.

[halloween]

This is what you are searching for not only the PTP Government Ministers also Department officials , who agreed knowing full well that this was a scam , search for documentation that officials also warned the PTP of the danger of this foolhardy scheme and tell the public the names of those who stood up to this powerful group of people, it is doubtful that there will be many in this section, PTP having surrounded themselves with yes men.

Those that warned about this should be promoted, while those who succumbed to political pressure to ignore warnings summarily fired. Great precedent.

[Robby nz]

The BKK Post has a more detailed report on this which all started during the 2012 no confidence debate when the Dems produced evidence of this and were laughed at by PT. http://www.thaivisa.com/forum/topic/600926-rice-deals-with-china-fake-thai-democrats/

As my ancient granny used to say 'now they are laughing on the other side of their face'.

Looking at all the goings on with this scheme and the prior Thaksin scheme there are names that come up consistently throughout, for instance :

2012-10-10
Winners And Losers Emerge In Rice Scheme: Thailand

The government's rice-price pledging policy has paved the way for Siam Indiga to become the country's biggest exporter, with total export volume reaching 480,000 tonnes during the first nine months of this year.

http://www.thaivisa....cheme-thailand/

The same company was also alleged to be tangled up with this gent and his company which went bankrupt :

http://www.thaivisa.com/forum/topic/737022-rice-fraud-verdict-on-thaksins-aide-due-today/page-3

BANGKOK: -- The Samut Prakarn provincial court Tuesday sentenced a close aide to ex-pm Thaksin Shinawatra to six years in jail and fined him Bt12,000 after finding him guilty of embezzlement and fraud for his failure to deliver a Bt200-million rice shipment to Iran.

The same company was also alleged to have links to PT MP's, but that's for the NACC to prove.

[Thai at Heart]

."According to the NACCs findings, the two Chinese firms were not authorized by the Chinese government to buy rice from Thailand. The rice were sold to the two firms at below domestic market prices and were never exported. Instead, the grains were sold to Siam Indiga or other domestic buyers at a profit."

The magnificent reporting style of Thai PBS leaves me confused. Are they saying that the rice was sold twice? Are they saying that the Chinese firm sold it on? If they did.then obviously money was criminally made, but not for the entirety of the value of the rice?

The article is crystal clear, the Chinese companies just served as front for the government crooks in the deal.

They sold the rice cheap pretending exporting it to China, but in reality, it never left Thailand and was then sold on domestically for a higher price. I don't know how much the initial discount for the Chinese was, but if we suppose it was about 10 to 15%, then the crooks could have made about 10% of the total value when selling it on inside Thailand.

So this deal yielded about 500 million baht in total.

Except paying off participants, my other thought is that buying votes is expensive.

This really is the most basic and pathetic effort at corruption.

Who the hell signed the invoice at below market value to this level? Shouldnt be hard its a signature.

Who in the customs dept issued bills of lading, letters of credit etc etc.

[Thai at Heart]

So why does is the headline fussing over 65,000 mt. I somehow think that his empeachment over 14mn might just be a little more significant.

I suspect it is easier for your to nitpick the reporting than to discuss the actual crime.

65,000 Mt out of 75,000,000.

If this is what they have, I guess the country should be happy it wasn't 6,500,000 mt

[maidee]

part of the EVERYBODY RICH IN 6 months, scam

[AleG]

I suspect it is easier for your to nitpick the reporting than to discuss the actual crime.

65,000 Mt out of 75,000,000.

If this is what they have, I guess the country should be happy it wasn't 6,500,000 mt

First off, that's the tonnage of one or two alleged fraudulent maneuvers, we don't know how many more there had been. Secondly, it doesn't make them look one bit better, in my view, if they used their disastrous policy to skim a relatively small amount of money, people that deliberately cause enormous amounts of damage to get a relatively small benefit are not exactly what I'd call good people.

[shirtless]

IM sure its all just a misunderstanding and the truth will set them free, remember this is Thailand and the rich and politically connected are never guilty.

[halloween]

I'm waiting for the first one to squeal "I was just following Thaksin's orders."

Didn't work in Nuremburg, but worth a try here. Hmmm, perhaps not recently.

[slapout]

the government to government fake deals look to total over 14 million tons of rice. there are a reported 700 plus warehouses who have come up short on inventory, let rice go down in quality, etc. these same warehouses are owned/sub leased by individuals/companies on blacklist for previous indiscritions and are still collecting funds for storage, treatment, movement, etc of contents of their facilities.

i was chastized by a fellow tv member when i mentioned the rice scam could end up costing the thai taxpayer 4 billion us several months ago. i honestly did not think the crooks running/involved in this program would be so blantent but greed apparently knows no limit. the total cost of this boondoggle may never be known/published except to a few, hopefully those few will give the thai people satisfaction by seeing funds are returned/assits seized and those involved are imprisoned

[robblok]

I did not see any red cheerleader in this topic, guess even they now see that it was for the good of the country that the military took over. Else this corrupt scheme would have destroyed Thailand. So good that Thaksin included himself in the amnesty by doing this he brought the card house down with his own arrogance.