Briefs

Prime Minister General Prayut Chan-o-cha said yesterday that CP Group and Thai Beverage have proposed to jointly invest in high-speed rail projects.

The two companies and the government are ironing out investment formats, which could take the form of joint investment with the government, concession or benefit sharing methods. Negotiations are expected to be concluded by the end of this year, he said.

The government is pushing forward with two high-speed rail projects, one linking Bangkok with Hua Hin and the other linking Bangkok with Pattaya and Rayong.

 

 

LIBEL SUIT FILED 

Chai Bunnag, a major shareholder of software and IT solutions provider Solution Corner (1998), or SLC, has filed a libel suit against Krungthep Turakij Media Co, which owns the Krungthep Turakij newspaper, and related parties.

The move came after articles referring to him as being the mastermind behind SLC’s bid to buy into diversified media firm Nation Multimedia Group were published in the newspaper, the www.bangkokbiznews.com website and the Facebook page of Adisak Limparungpatanakij, president of National Broadcasting Corporation, from January 4-11, Chai’s lawyer Suthee Pongpaiboon said yesterday. 

 

CRIMINAL COMPLAINT 

The Securities and Exchange Commission yesterday filed a complaint with Economic Crime police against Quantum Benchmark Corporation, Globalview Consulting Co, Arya Payungvivattanakul, a managing director of Globalview Consulting, Ruangrit Pansiri, and Aroonvadee Kittikasemsak for allegedly jointly operating unlicensed securities businesses.

Following up on a report, the SEC found that the companies and persons, without obtaining a licence under Section 90 of the Securities and Exchange Act, jointly operated securities businesses of brokerage, investment advisory and private fund management by advertising, soliciting and using the website www.qg-corp.com. 

The actions were subject to imprisonment of two to five years or a fine of Bt200,000-Bt500,000 or both and a maximum fine of Bt10,000 for every day the violation continues, as specified by Section 289 of the act. 

Anyone suffering damage from investing with those companies or persons should contact the police at 02 237 1199 for further legal proceedings.