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State commitment to governance questioned.
Byline: Ploy Chitsomboon
May 9--The current scandal over alleged state corruption in the procurement of X-ray machines at Suvarnabhumi airport has raised questions among foreign investors about the country's commitment to improved governance.
Local analysts say investor concerns would be eased if the government moves quickly to investigate and prosecute the details of the case.
GE InVision Technologies, a unit of General Electric, was fined $1.4 million by US securities regulators for violating the US Foreign Corrupt Practices Act. In court documents, US prosecutors said the company or its agents might have paid bribes to Thai officials to ...
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Source: HighBeam Research, State commitment to governance questioned.