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China Railways No 10 company director formally booked by DSI

China Railways No 10 company director formally booked by DSI

13 Sept 13:03 Key points summarised by AI
  • A Chinese director and major shareholder of China Railway No 10 (Thailand) was arrested by Thailand's Department of Special Investigation (DSI) for allegedly violating the Alien Business Act.
  • The director is accused of using Thai nominees to hold shares in the company, with DSI actively searching for three identified Thai individuals believed to be these nominee stockholders.
  • This arrest is part of a broader investigation into the China Railway No 10 (Thailand) - Italian-Thai Development Corp (CREC-ITD) joint venture, which won a 2.1 billion baht contract for a State Audit Office building that later collapsed; the DSI is also probing alleged bid rigging related to this contract.
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