Thailand: Developer denies bribing CPB

Sakulthorn Juangroongruangkit, president of Real Asset Development Co and a younger brother of politician Thanathorn Juangroongruangkit, on Wednesday insisted he was a victim in a 2019 bribery case.

He has been accused of paying 20 million baht in bribes to two people, one of whom was an official with the Crown Property Bureau (CPB), in a bid to secure a land-leasing contract with the CPB without competing in a bidding process.

A court verdict, dated Nov 27, 2019 said Mr Sakulthorn had paid money three times to defendants.

The first payment was 5 million baht, and after receiving [forged] documents, Mr Sakulthorn then allegedly paid 5 million baht and another 10 million baht to both defendants to process the land lease.

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