Try GOLD - Free
CREC probed for nominees
Bangkok Post
|April 03, 2025
The Department of Special Investigation (DSI) is probing shareholdings by suspected Thai nominees in China Railway No.10 Engineering Co (CREC) while the ITD-CREC consortium has defended its construction standards approved by the State Audit Office (SAO).
-
ITD-CREC, a joint venture between SET-listed Italian-Thai Development Plc and China Railway No.10 Thailand Co, was awarded the contract to put up the 2.1-billion-baht building for the SAO.
Justice Minister Tawee Sodsong said yesterday the DSI has gathered sufficient evidence to suspect the use of nominees at the company, which is legally required to have at least 51% Thai ownership.
The minister said the company has registered capital exceeding 100 million baht and more than 10 companies have been found using the same group of Thai directors and the same registered business address.
"The DSI's investigation has found credible evidence, warranting the case to be classified as a special investigation," he said.
This story is from the April 03, 2025 edition of Bangkok Post.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Bangkok Post
Bangkok Post
New project to help riders switch to EVs
The Bangkok Metropolitan Administration (BMA) has partnered with the German Society for International Cooperation (GIZ) on a project to support motorcycle taxi riders in switching to electric vehicles.
1 min
February 17, 2026
Bangkok Post
Pennsylvania jury finds J&J liable for cancer in talc trial
A jury in Pennsylvania state court on Friday awarded $250,000 (7.77 million baht) to the family ofa woman who sued Johnson & Johnson alleging its talc-based baby powder was to blame for her ovarian cancer.
2 mins
February 17, 2026
Bangkok Post
Trump border czar dismisses demands to reform ICE
White House border czar Tom Homan on Sunday brushed off Democratic demands to reform ICE amid mounting backlash over the agency's tactics and a partisan deadlock over homeland security funding.
1 min
February 17, 2026
Bangkok Post
Trat businesses brace for lengthy closures
Business operators along the Thai-Cambodian frontier in Trat province are bracing for a prolonged border shutdown, urging authorities to reopen checkpoints while rapidly pivoting toward domestic markets to survive.
1 mins
February 17, 2026
Bangkok Post
Nomination nightmare for precious metals
Lessons from the sell-off after new Fed chief was announced. By Kean Tan
3 mins
February 17, 2026
Bangkok Post
BMA opens car park for public use
Visitors can now park their cars at Bangkok Metropolitan Administration's (BMA) public parking lot under Lan Khon Muang (City Square) outside City Hall's operating hours, says Bangkok governor Chadchart Sittipunt.
1 min
February 17, 2026
Bangkok Post
Govt confirms visa-free access for Canada, UK visitors
China confirmed that Canadian and British citizens will be able to visit the country visa-free from today, after the two countries' leaders had announced such agreements following official trips to Beijing.
1 min
February 17, 2026
Bangkok Post
Israel’s approval of land registration draws outrage
Israel's government has approved a process to register land in the West Bank, drawing condemnation from Arab nations and critics who labelled ita “mega land grab” that would accelerate annexation of the Palestinian territory.
1 min
February 17, 2026
Bangkok Post
2 or 3 cups of coffee a day may reduce dementia risk, but not if it's decaf
If you think your daily doses of espresso or Earl Grey sharpen your mind, you just might be right, new science suggests.
3 mins
February 17, 2026
Bangkok Post
IN BRIEF
Tycoon ‘okay’ after stage fall
1 min
February 17, 2026
Listen
Translate
Change font size