Saksayam denies MFP share, asset allegations

Transport Minister Saksayam Chidchob rejects opposition allegations about his share dealings. Chanat Katanyu
Transport Minister Saksayam Chidchob rejects opposition allegations about their share dealings. Chanat Katanyu

Transport Minister Saksayam Chidchob rejected allegations made by a Move ahead Party (MFP) MEGAPIXEL against him including share concealment plus making a false asset declaration.

He was speaking during the censure debate against the government upon Wednesday. Pakornwut Udompipatsakul, an MFP MEGAPIXEL, accused Mr Saksayam of concealing his assets in Burijarearn Construction Limited Partnership and using a worker as a nominee to keep shares on his account.

The particular MP said the company was founded in 1996, along with 80% of its gives held by the Chidchob family. Mr Saksayam quit being a shareholder when he moved into politics in 1997. However he produced a comeback as a major shareholder within 2015 when he increased the company’s signed up capital to 120 million baht.

The company has been awarded construction tasks worth 440 mil baht between 2015 and 2017. Ahead of the 2019 election, Mr Saksayam transferred their shares worth 119. 4 million baht to his nominee, Mr Pakornwut claimed.

In his declaration of assets to the National Anti-Corruption Commission (NACC) on assuming the position of MP in 2019, he declared their assets worth 115. 7 million baht without any debts, Mister Pakornwut said. However , there was no proof of the payment for your share purchase, he said. “Where may be the money [119.4 million]? Is this a case of share concealment? ” Mr Pakornwut said.

This individual also said the business was awarded Transport Ministry construction agreements, some of which were tainted with irregularities. In some cases, the company won an attempt with a price provided below the median price, he stated.

Responding to the accusations, Mr Saksayam said it was a friend who bought the company’s shares and there was proof of the money transfer totalling 119. 5 million baht from Thanachart Financial institution. The Department associated with Business Development also issued a certification for the transaction on March 28, 2018. The minister was adamant he now is not related to the company.

On the question the reason why the money was not documented in the assets declaration to the NACC, he or she said he had not really assumed political workplace yet, adding which he officially became a good MP on May 5, 2019.

However , he or she later reported the cash to the NACC, Mr Saksayam said, while denying allegations associated with collusion related to the particular ministry’s contracts. He said he had actually laid down an insurance policy for officials in order to uphold the guideline of good governance plus comply with the law.