The huge inventory pressured the government to resort to government-to-government (G-to-G) export deals to lower the burden of holding on to excess stock – but those deals turned out to be bogus. For example, the Thai government entered into four export deals with Guangdong Stationery and Sporting Goods Import and Export Corp (GSSG) and Hainan Grain and Oil Industrial Trading Co (Hainan). The first deal with GSSG covered two million tonnes of old rice worth Bt18 billion while the second deal covered two million tonnes of new rice worth Bt28.9 billion. Later, Warong submitted documents to the National Anti-Corruption Commission to substantiate his accusation that the Yingluck government had announced fake G-To-G deals. Former commerce minister Boonsong Teriyapirom and 15 others were charged with faking G-to-G export deals.

Source: The Nation Bangkok August 21, 2017 18:00 UTC