webfact Posted September 23, 2020 Share Posted September 23, 2020 SSO board told to clarify its investment in Sri Panwa Hotel’s trust fund Civil Society for State Welfare is demanding clarification from the board of the Social Security Office (SSO) about its investment in the Sri Panwa Hospitality Real Estate Investment Trust, while an opposition MP has demanded a probe into the land rights of the Sri Panwa Phuket Luxurious Pool Villa Hotel in Phuket. Mr. Nimit Thian-udom, a core member of the Civil Society for State Welfare, said today that, although there is no law prohibiting the SSO from investing in a trust fund, its board should explain the rationale for its investment, the yield and take into consideration the good governance record of the businesses in which it invests. Pheu Thai MP for Bangkok, Chirayu Huangsap, said the House Committee on Judicial Affairs, Independent Organizations and State Enterprises will invite the Labour Minister to clarify the SSO’s investment in the trust fund, worth about 500 million baht. Full story: https://www.thaipbsworld.com/sso-board-told-to-clarify-its-investment-in-sri-panwa-hotels-trust-fund/ -- © Copyright Thai PBS 2020-09-24 - Whatever you're going through, the Samaritans are here for you - Follow Thaivisa on LINE for breaking COVID-19 updates 1 Link to comment Share on other sites More sharing options...
bluesofa Posted September 23, 2020 Share Posted September 23, 2020 9 minutes ago, webfact said: Pheu Thai MP for Bangkok, Chirayu Huangsap, said the House Committee on Judicial Affairs, Independent Organizations and State Enterprises will invite the Labour Minister to clarify the SSO’s investment in the trust fund, 'Invite'? Is this some formal language in government, or is there something else going on? ' Demand' would surely be the better word for what appears to be a suspect use of public money. 1 Link to comment Share on other sites More sharing options...
klauskunkel Posted September 24, 2020 Share Posted September 24, 2020 (edited) from the article: "Labour Minister Somsak Thepsuthin said he does not yet know if the hotel was built legally on a hilltop overlooking the Andaman Sea." Investment first, minor legal details to be adjusted later Edited September 24, 2020 by klauskunkel 1 1 Link to comment Share on other sites More sharing options...
DirtyHarry55 Posted September 24, 2020 Share Posted September 24, 2020 So the SSO "Social Security Office" invested in a Luxury Resort owned by a vocal Pro Government supporter? Which is now taking a hit financially? Hopefully they didn't invest too much in Luxury Resorts. lol 1 Link to comment Share on other sites More sharing options...
AgMech Cowboy Posted September 24, 2020 Share Posted September 24, 2020 43 minutes ago, DirtyHarry55 said: So the SSO "Social Security Office" invested in a Luxury Resort owned by a vocal Pro Government supporter? Yep, that pretty much sums up the whole rhetoric. 1 Link to comment Share on other sites More sharing options...
Baerboxer Posted September 24, 2020 Share Posted September 24, 2020 7 hours ago, bluesofa said: 'Invite'? Is this some formal language in government, or is there something else going on? ' Demand' would surely be the better word for what appears to be a suspect use of public money. Yes, seems rather odd. Pheu Thai normally "demand" everything they want. Link to comment Share on other sites More sharing options...
JusticeGB Posted September 24, 2020 Share Posted September 24, 2020 The "invitation" might have been extended because the purchase of the land may have occurred at a time when a former reincarnation of Phue Thai existed. Link to comment Share on other sites More sharing options...
tracker1 Posted September 24, 2020 Share Posted September 24, 2020 Here they must have a dictionary of words to use in place of the word Corruption ! Link to comment Share on other sites More sharing options...
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