PUBLISHED: 4:00 p.m. on August 4, 2023.
Sansiri Plc, a real estate designer, yesterday defended its former chief executive Srettha Thavisin, who is currently the Pheu Thai Party’s candidate for prime minister, in response to claims made by whistleblower Chuvit Kamolvisit that he was involved in tax avoidance.
Sansiri refuted claims in a statement released yesterday that the sellers were merely tasked with making payments at the agreed-upon prices and transferring ownership of the land, according to the purchase agreement made between the company and them for the disputed land.
According to Sansiri, the business was unaware of or involved in the sellers’ tax bills. Mr. Srettha, the company’s best executive, had given his approval to the property purchase that the property team of the business had submitted.
” Mr. Srettha approved the order of the land story in his power as the company’s top exec.” The property team, which was also in charge of coordinating [ with concerned people ]], was responsible for the land contract, payment, and land ownership transfer, according to the statement.
The equity shift took place in accordance with the Department of Land’s appropriate rules, regulations, and regulations. Mr. Srettha, according to the real estate tycoon, had completed his duties as the best administrative and had not participated in any property ownership transfers. The organization was adamant that it had firmly adhered to good governance and the law when conducting operations.
When Mr. Srettha was the chief executive of Sansiri, Mr Chuvit held a press conference yesterday to provide proof of abnormalities regarding the August 2019 offer.
In order to avoid paying taxes of 521 million baht on the company’s purchase of a perfect 400-square-wah( flat wah = 4 square meters ) plot on Sarasin Road in Bangkok, Mr. Chuvit claimed that Mrs. Srettha and Sansiri had conspired with the landowners to evade the taxes.
The reported purchase amount was 1.57 billion rmb, or close to 4 million per square woo, according to reports. It was the most expensive area purchase the business had ever made.
According to him, Mr. Srettha approved the purchase and sale contract with the 12 owners of the land combined under a single subject act. Each of the 12 owners would be responsible for excise tax on the sale proceeds, which would complete 521 million baht, under the” ordinary relationship” they formed.
Mr. Chuvit claimed that each of the 12 went to the Department of Land to transport smaller plots to Sansiri in order to avoid paying taxes. The operation took 12 days to complete.