Thai construction tycoon charged with poaching

Associated Press |

BANGKOK (AP) — Thai police have filed more charges against a billionaire construction tycoon accused of hunting endangered animals in a wildlife sanctuary, in a case that has sparked public criticism of privileges enjoyed by the country's rich and well-connected elite.

Police filed charges of bribery and possession of guns and elephant tusks against Premchai Karnasuta and three others on Wednesday, after issuing nine other charges a day earlier over their hunting trip in early February. The group has denied all charges and was earlier granted bail.

Premchai is the president of Ital-Thai Development, one of Thailand's largest construction companies and a participant in many government mega-projects.

Police say the suspects were arrested at Thung Yai Naraesuan Wildlife Sanctuary with carcasses of an endangered black leopard and other wildlife in their possession.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Comments

What Is Petrolithium?

MGX Minerals explains the advantages of petrolithium and how they are helping to solve future problems today.

Emerging Growth

CMX Gold & Silver Corp.

CMX Gold & Silver Corp is an exploration stage company. The Company is engaged in the acquisition, exploration and development of silver and copper/gold properties in the USA.