Committee members managing the financial rehabilitation of Klongchan Credit Union Cooperative show pictures of land plots it plans to sell. Tawatchai KemgumnerdThe committee managing the financial rehabilitation at the Klongchan Credit Union Cooperative (KCUC) admitted yesterday it would not be able to complete the payment of debts to KCUC members affected by the multi-million-baht embezzlement scandal by year-end as previously promised. Prior to the court ruling, the KCUC said it had already found prospective buyers for the two plots, who agreed to purchase them at the estimated prices, said Mr Prakit. That will make it impossible for the KCUC financial rehabilitation committee to fulfil its previous promise to get the debt payment done by the end of this year, he said. Mr Prakit said the KCUC will not comment on allegations that it has committed new fraud in its financial rehabilitation, adding the KCUC is determined to fight the case in court.

Source: Bangkok Post June 23, 2017 23:26 UTC