NACC

According to the suit, filed by NACC, of malfeasance for ordering the Finance Ministry to administer the rehabilitation of Thai Petrochemical Industry (TPI) in 2003 on Mr. Thaksin Shinawatra in violation of Section 157 of the Criminal Code as the Finance Ministry has no authority to manage a private company. The private company in this case is TPI, who later changes its name to IRPC. Today, August 29, 2018 the Criminal of Supreme Court justifies with majority rule that Mr. Thaksin Shinawatra, former prime minister, did not protest on the matter of Finance Ministry administering the rehabilitation of TPI (IRPC), and the nomination of five committees to administer the company did not intend to find benefits for oneself or others. The evidence shows that the rehabilitation of TPI was agreed by the bank, officers, borrower and labour union, while the order was proceed according to Central Bankruptcy Court. Thus, it is the duty of Finance Ministry to support and remedy its country economy, and the case is dismissed. The accusation from NACC is still beyond the supporting evidences to justify that the defendant violated Section 157 of the Criminal Code. As for IRPC’s shares at the end of trading session on August 29, 2018 closes at ฿6.85/share, increased by ฿0.15 or 2.24%