Businesses conned by lure of Mon megaprojects | Bangkok Post: news - News Summed Up

Businesses conned by lure of Mon megaprojects | Bangkok Post: news


(Photo by Tawatchai Kemgumnerd)About 10 business operators testified to the Department of Special Investigation in Bangkok on Monday that they were conned into investing about 300 million baht in several bogus projects in the Mon State of Myanmar. Mr Chanont said he invested in Hujjee Group because he was told an investment of 100,000-200,000 baht would yield a return of 200-300 million baht. According to Pol Maj Suriya, Hujjee Group misled Thai business operators into believing Kyaw Myint Oo had awarded it 78 projects, including a government complex and an airport. Pol Maj Suriya said some local reporters had been hired to report the activities of Hujjee Group, and provincial officials had been invited to participate, to boost its credibility. "All the stories were fake including the claimed registered capital of the company of 500 billion baht," the DSI deputy director-general said.


Source: Bangkok Post October 09, 2017 10:52 UTC



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