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Ex-Appeals Court president denies allegations of corruption in Toyota Motors tax case

Ex-Appeals Court president denies allegations of corruption in Toyota Motors tax case

14 Sept 01:34 Key points summarised by AI
  • Former Appeals Court President Chaiyasit Trachutham categorically denies Law360's report implicating him in Toyota Motors Thailand's (TMT) alleged bribery scandal.
  • Chaiyasit recounted his direct involvement in the TMT tax dispute, where he argued for the Customs Department, leading to the Appeals Court overturning a prior ruling in TMT's favor concerning Prius import duties.
  • He questioned TMT's silence on the bribery claims and their legal spending, suggesting that unusually high expenditures could indicate illicit payments.
  • The alleged bribery is currently under investigation by the US Justice Department and the US Securities and Exchange Commission, with Thai judicial authorities also seeking details to launch their own inquiry.
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