ID :
339557
Sat, 08/30/2014 - 13:50
Auther :

Blacklisted firms not to be allowed to co-invest with Thai state

BANGKOK, August 30 (TNA) - Thailand's State Enterprise Policy Office (SEPO) says that bankrupt persons and those who have any imprisonment record will not be allowed to co-invest with the state in new mega-projects. Yajai Pattanasukwasun, a SEPO legal director, told journalists on Saturday (Aug 30) that her office has issued a regulation stipulating that bankrupt and those who have been imprisoned on serious offences will not be allowed to co-invest with the state in mega-projects, while business firms hiring to act advisers are required to have undertaken an advisory role in at least three projects having been already implemented. Yajai revealed that the advisory firm must also not have any link with private companies which have proposed to jointly invest with the state and must not be politicians or civil servants. (TNA)

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