Thailand: Finance Ministry gets evidence of graft in Thai Airways

A Transport Ministry panel on corruption filed 18 documents of evidence against Thai Airways International (THAI) with the Finance Ministry on Tuesday (Sept 1), pending an investigation into mismanagement of the debt-ridden airline.

As a state agency, THAI racked up about Bt250 billion in debts before asking for court-supervised restructuring earlier this year.

The Transport Ministry panel found THAI had sold discounted tickets to agents, resulting in losses of billions per year.

According to Komkit Wongsomboon, who heads the panel, the corruption involved incentives for ticket-sellers based on the volume of tickets sold rather than their value or resulting sales deficit.

The original full article can be found at thestar.com.my

(Photo: Somchai Poomlard)

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