Graft Penalties Surrounding Italian-Thai's Bid on Huge Projectby Phairath Khampha 21 August 2002 The board of New Bangkok International Airport Co punished two executives on August 8, 2002 for graft in a landfill project at Nong Ngu Hao airport in 1996. NBIA deputy managing director Pramual Hutasingh was dismissed, while assistant managing director Permsak Pattanapong faced a 10% cut in salary, a source said. The National Counter Corruption Commission earlier found the pair had amended the median bidding price to accommodate a bid from Italian-Thai Development Plc, which was later awarded the contract. ITD also faces sanctions and this could be applied to the permission it received to refinance, thus throwing it back into financial turmoil with the reduced likelihood of being capable of carrying out several lucrative development projects outside Thailand's borders.
|