DSI schedules meeting to discuss lead on controversial funds transfer

[webfact]

DSI schedules meeting to discuss lead on controversial funds transfer
Piyanut Tamnukasetchai
The Nation

BANGKOK: -- The Department of Special Investigation (DSI) will meet on Friday to discuss a new lead in the controversial wiring of Bt2.5 billion by Klongchan Credit Union Cooperative to a mining company that has reportedly been inactive for a decade.

Dusadee Arayawuthi, deputy permanent secretary for Justice, said yesterday that after the Anti-Money Laundering Office (AMLO) recently seized additional assets worth Bt1.22 billion of former chairman Supachai Srisupaaksorn, investigators discovered that he had signed a cheque for Bt2.5 billion to S W Holding Group (Thailand) Co. The money was then put into the account of a mining company in Nakhon Sawan province, which has reportedly not been performing any mining business for a decade, he said.

Further investigation found that the application for a mining permit in 2013 might have been done in retrospect, he said. Hence, officials will check why a mining concession had been issued to an inactive company and whether this had anything to do with an alleged attempt to take over some 1,000 rai of mining land.

The investigators will ask DSI chief Suwana Suwannajutha to assign Pol Lt-Colonel Thawal Mangkhang, a DSI special investigations expert, to help coordinate between DSI and AMLO, an informed source said.

Source: http://www.nationmultimedia.com/national/DSI-schedules-meeting-to-discuss-lead-on-controver-30254432.html

-- The Nation 2015-02-19

[trogers]

Who would have the authority to issue permits in 2013?

[aircut]

https://www.youtube.com/watch?v=lZ5tBOoZBKU

[FangFerang]

Go get him, Tigers!

Now, go after everyone with such activity including...your buddies........

[TheDiva]

Who would have the authority to issue permits in 2013?

The same authority that has had the right to issue permits since 2002, when the Minerals Act was last amended i.e the LMIO. That stands for LOCAL Mineral Industrial Official. I'm not sorry if that upsets your implicit intention to blame the PTP government.

[Nemesis7]

amazing thailand. I think its time to change the slogan and go for Land of anything thats possible.

[tomacht8]

Where all the billions come from?
Hopefully they follow the money flow back to the source!
Many try to launder their black money with investments into mines, land, hotels, resorts and stock market operations.

For example, buy a resort/hotel with 100-rooms for 500 Million Baht.
In the tax declaration, all rooms are fully booked throughout the/every year.
Then they pay taxes legally for the hotel income (but in reality there are hardly any guests).
The result is then clean (after tax) money.

They must follow the money flow back to the source!

Edited February 19, 2015 by tomacht8