From: htk@ipied.tu.ac.TH (Hugh Thaweesak Koanantakool)
Newsgroups: soc.culture.thai
Subject: FWD:Bangkok Post Nov.21:Marut denies
Date: 21 Nov 1992 13:50:50 +1100
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From kamol Fri Nov 20 21:13:25 1992
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Date: Fri, 20 Nov 92 21:13:24+0700
From: Kamol Hengkietisak <kamol>
Received-Date: Fri, 20 Nov 92 21:13:24+0700
To: trin
Subject: Bangkok Post Nov 21: Marut denies postponing debate
Cc: htk
Status: R


HOUSE Speaker Marut Bunnag yesterday denied he was trying to buy 
time for the Government by delaying a House debate on an 
Opposition motion on stock manipulation.
 
The motion, on the agenda after three defence bills, will come up 
for debate next week, the House Speaker said.
 
Most of the House meeting on Thursday was taken up by a debate on 
the water shortage which started the day before.
 
Deputy House Speaker Wan Mohammad Nor Matha, filling in for the 
House Speaker closed the meeting after the House briefly debated 
and passed a bill, the second item on the agenda.
 
Mr Marut said he would have moved the motion on share price 
manipulation ahead if the Opposition had asked.
 
Chart Pattana MP Suchart Tancharoen, who co-sponsored the motion, 
claimed he had received phone threats following the plunge of the 
SET index.
 
People apparently think the motion caused the fall, he said, but 
his motion only seeks the formation of a committee to study stock 
market problems.
 
A debate on the issue, according to the Opposition, would boost 
the stock market, not destroy it, because it would force the 
Government to explain measures to help the SET.
 
Mr Suchart alleged that the Government, with the House Speaker's 
help, had blocked the Opposition's motion.
 
Finance Minister Tarrin Nimmarnhemin should resign for mishandling 
the problem and causing the collapse of the stock market and the 
country's economy, he said.
 
Meanwhile Economic Crime Suppression police have arrested two more 
people suspected of collaborating with big-time stock player Song 
Wacharasriroj in manipulating the stock market.
 
Miss Busakorn Wacharasriroj and Miss Pilaikorn Hattakham were 
taken to the Economic Crime Suppression Division headquarters for 
questioning yesterday afternoon by investigators who searched Mr 
Song's office on the second floor of Ratchathewi Tower on Phraya 
Thai Rd.
 
The Securities and Exchange Commission alleges that Song and 10 
associates manipulated the shares of the Bangkok Bank of Commerce 
between October 2 and 29 -- a violation of the Securities Exchange 
of Thailand and the law.
 
Division Commander Vatin Khamsongsri told reporters that 
investigators will question the 10 accused before charges are 
filed against them.
 
He also said the investigation still involves only Song and his 
associates.
 
Central Investigation Bureau chief Lt-Gen Thanu Homhuan said 
investigators will try to speed up their probe of Song and his 
associates.
 
He said Deputy Police Department chief Pong-amat Amatayakul would 
take charge of the case.
 
Investigators will be invited to meet on Monday to report on the 
progress of the investigation and to determine whether they have 
enough evidence to issue arrest warrants.
 
He said Song has denied all the charges brought against him by the 
SEC and vowed to testify only in court.
 
Pol Maj-Gen Vatin said yesterday the SEC was empowered to order 
the seizure of assets of the suspects if it had reason to believe 
that the wealth was obtained from stock manipulation.
 
The SEC could ask the Bank of Thailand to help secure information 
about the suspects' bank accounts if necessary, he said.