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 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:


Emerging Growth

MGX Minerals Inc.

MGX Minerals is a diversified Canadian mining company listed on the Canadian Securities Exchange. MGX is engaged in the acquisition and development of industrial mineral deposits in western Canada that…

Private Markets


Voleo is a free download that allows you to form investment clubs with your friends, family, colleagues, classmates, teammates…basically anyone you know and trust. Invest and manage a stock portfolio…

iPRO Network, LLC

We provide the platform, tools, and resources to empower individuals and professionals to market desirable goods and services to the public, taking the place of traditional methods of commerce.