State bodies in new bribe claim
By USANEE MONGKOLPORN
THE NATION

 

 

BANGKOK: -- The MEA, PEA and TOT embroiled in US cable firm’s admission it made illegal payments in Thailand and other countries.

 

A NEW corruption scandal has hit three more state enterprises days after the national carrier, Thai Airways (THAI), was rocked by allegations that it was paid US$38 million (Bt1.3 billion) in bribes by UK aircraft engine-maker Rolls-Royce.

 

In the latest disclosure from the US Justice Department, Thailand’s Provincial Electricity Authority (PEA), Metropolitan Electricity Authority (MEA) and TOT Plc were named as agencies that received bribes from US-based General Cable for the sale of cables and wires to Thailand from 2002 to 2013.

 

In response to the disclosure, PEA governor Semsakool Klaikaew said yesterday the authority’s board had set up a committee to gather more details on the alleged bribery case.

 

Full story: http://www.nationmultimedia.com/news/national/30304864

 

-- © Copyright The Nation 2017-01-25

Two in a week, in the international news no less. I wonder how efficiently they're going to be able to sweep these under the carpet? I'm kind of looking forward to this. Seeing how much mud sticks, and to whom. Should be a jolly good show if nothing else.  

Edited January 25, 20179 yr by Katipo

Shock, horror...this can't be true

Do you think Thai electricity companies would needlessly buy cabling and give kickbacks?  I don't think so.

 

1 minute ago, zaphod reborn said:

Do you think Thai electricity companies would needlessly buy cabling and give kickbacks?  I don't think so.

 

 

The cable supply contract is obviously sorted but I wonder if the sole supply contract for cable ties is still up for grabs?

I thought they were now calling the payments "Broker fees",sounds

better than bribes,    but still the same.

regards worgeordie

Maybe Bill Gates understands now?

12 minutes ago, worgeordie said:

I thought they were now calling the payments "Broker fees",sounds

better than bribes,    but still the same.

regards worgeordie

Corruption commission same same.

1 hour ago, Katipo said:

Two in a week, in the international news no less. I wonder how efficiently they're going to be able to sweep these under the carpet? I'm kind of looking forward to this. Seeing how much mud sticks, and to whom. Should be a jolly good show if nothing else.  

No mud will stick to anyone, and it will die a death and fade away, same as normal. No one is willing to investigate as they are all up to their necks in it.

This is just the way things work in Thailand. The cost of doing business and if you

take the high road and don't pay other companies will. No surprises here.

59 minutes ago, mtls2005 said:

Maybe Bill Gates understands now?

Nah,

He's wireless.

That's it all sorted, a committee has been set up so we can expect swift action

7 hours ago, webfact said:

set up a committee to gather more details on the alleged bribery case.

Will die yet another slow death. This is just the tip of the iceberg concerning bribery. Its the new alternate truth in the business world. In the days and months to come more will come out and just overwhelm a system that does not know how to handle bribery charges on this level. 

Fair go lads, the state agency execs have to pay for their mia nois somhow without the wife knowing too much.

T.I.T

well it's nice that even a few of the billions of corruption cases in this place are getting into the news.  Does anyone know of anyone who is serving time for corruption other than for political reasons?

http://www.fcpablog.com/blog/2016/12/29/general-cable-pays-75-million-for-fcpa-settlement.html

 

 

the total payout is now expected to be 80+ million usd for General. Paid 13 million for 51 million profit.

 

Had to  give it all back including the profit, fine, and interests. 80.5 million usd.

Thailand...'Hub' of Committee's that sit around trying to make up enough excuses or ways to live in denial that any Thai ever took a bent Baht !