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Thai police says investation of Krung Thai Bank loan scandal almost done.

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| March 01, 2005 | COPYRIGHT 2005 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Thai Press Reports)

Section: Business News - Police investigators have almost completed questioning witnesses in the two criminal cases involving the Krung Thai Bank (KTB) loans scandal and have expressed confidence that they will be able to forward them to the Anti-Money Laundering Office by March 9, The Nation reports.

Maj-General Siriphong Ongsaengkhun, who heads the probe team, said investigators had questioned up to six witnesses involving KTB's irregular loan of Bt9.9-billion to Golden Technology Industrial Park.

"This case has lots of details and is very complicated. It took place between early 2003 and April 2004 and involves a lot of people,'' he said.

"But investigators have been trying to wrap up this case. We hope to conclude the case by next week and forward it to the Anti-Money Laundering Office." As for the second case - involving KTB's irregular loan of Bt2.8 billion to Thonburi ...

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