Bangkok: "Juti" orders a thorough investigation into the financial trail in the Forex case, setting a two-week deadline for progress.
According to Thai News Agency, the House Finance Committee is accelerating its investigation into Forex trading and its financial trail within two weeks. The committee is also pushing for loan programs to support restaurants and hotels through the economic crisis and prevent foreign takeovers.
Mr. Juti Krairiksh, Chairman of the House of Representatives' Committee on Finance, Banking, Financial Institutions, and Financial Markets, revealed that Ms. Siriwan Prasatchatru, Chair of the Sub-Committee on Screening Matters, brought a complaint received from Mr. Tankhun Jittisara, Chairman of the Santi Prachatham Club, regarding an investigation into the foreign exchange (Forex) trading market and related financial transactions. This complaint stems from numerous victims being defrauded by illegal brokers, and the Bank of Thailand's lack of supporting legislation. The matter was brought before the Committee. "The committee will consider the matter thoroughly and expedite the conclusion of investigations into fraud against the public both inside and outside the stock market, including the unfair treatment of minority shareholders and unresolved issues regarding debentures. We will report back to the committee within two weeks. Our principle is to prioritize resolving the suffering of the people," Mr. Juti stated.
Mr. Juti further stated that the Finance and Fiscal Affairs Committee had also discussed with specialized financial institutions under the Ministry of Finance ways to support the government's policy in promoting loans to assist Thai small and medium-sized enterprises (SMEs), such as restaurants and hotels, which are crucial to domestic employment and are facing liquidity shortages. The goal is to help these businesses maintain their ownership and prevent foreign takeover. State banks must not simply provide loans and then cease operations, but must also act as mentors in both finance and marketing to ensure business survival. "What we are concerned about is how to make it easier and faster for people to access loans. Anyone with problems can complain to the committee. We will help coordinate, consider solutions, and work proactively to ensure that people retain their jobs and SMEs can continue operating amidst difficult economic conditions, declining domestic purchasing power, and the tourism sector not yet f ully recovering," said the Chairman of the Finance and Fiscal Affairs Committee.