Thai former executive of Gov't Housing Bank escapes indictment

20:16, August 25, 2010      

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A former Government Housing Bank ( GHB) executive and three other alleged accomplices who the Office of the Attorney General (OAG) wants indicted for malfeasance and fraud managed to escape indictment, the Bangkok Post's website reported on Wednesday.

Deputy attorney general Waiwut Lortrakul said the OAG asked the National Anti-Corruption Commission (NACC) to bring Sakda Narong or Sadkapinij Narongchartsophon, the former GHB executive, and three others to its office by Aug. 25 for indictment or the case would be closed.

On Aug. 10, the NACC submitted the case to the OAG seeking indictment of Sakda for dishonestly expending loans for a housing project of his own wife and other projects with conspiracy from the three accomplices.

After considering the case, the OAG found it had sufficient evidence to indict the four, and notified the NACC on Aug. 19 to bring the four to its office for indictment on Aug. 23 before the statute of limitations of the case expired on Aug. 25.

But, as of 04:30 p.m. local time on Aug. 25, the NACC still could not bring the four for indictment. Therefore, the case has been closed and the four have escaped indictment, Waiwut said.

The case has been in the NACC's hands for 14 years before it decided to ask the OAG to indict the four on Aug. 10, he said.



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