Union: No GSB funding for rice scheme

Members of the labour union of the Government Savings Bank will fight against any decision allowing the government to borrow GSB funds to finance the rice pledging scheme, the union said in a statement released on Monday.

The release of the statement was prompted by a report that the GSB would allow the government to use the people's deposits to pay farmers owed money under the rice pledging scheme.

"Dear fellow SGB staff and employees, the union would like to assure you that we are duty-bound to protect our organisation and the people's deposits with our honour and dignity.  

''Whoever thinks about subverting our bank will certainly meet doom.  The union will fight to the end," the statement said.

GSB director Voravit Chailimpamontri said the report was not correct.  The Bank for Agriculture and Agricultural Cooperatives (BACC) is directly responsible for the scheme, he said.

The report might have derived from a misunderstanding, he said.

Share your thoughts

Discussion 1 : 20/01/2014 at 08:21 PM
Yeah, vote the same corrupt crowd back in!
Discussion 2 : 20/01/2014 at 05:16 PM
Even though I feel for the farmers its the government that has left them high and dry. The government can try to blame the protests but they didn't get there pay in October or November or even the beginning of December before the government dissolved the house. I wish there was a simple solution but the EC cannot release any money as possibly could be seen as benefiting PTP prior to an election. The only way is for the NACC to decide quickly if YS and various ministers should be charged prior to 2nd Feb elections. If so the senate can then nominate a new neutral caretaker PM who should then be able to get the EC to release the money.
Discussion 3 : 20/01/2014 at 03:26 PM
I think you will find that all the members are share owners.
Discussion 4 : 20/01/2014 at 02:57 PM
Since when does an employees union control the company?
Discussion 5 : 20/01/2014 at 02:21 PM
It's funny how the director said that BAAC is responsible for the rice program, does that mean that the loan requiest did not come from the government?. The rice problem can be solved by a comprehensive audit of the program. Do the money trail, retrieve money that has been stolen from the program and pay the farmers. The government should not be able to secure any loan until they have the Rice Scheme management in order. If GSB loans the government or BAAC in relations to the rice scheme, I will withdraw my entire saving from the bank and I encourage others to do the same.
Discussion 6 : 20/01/2014 at 02:11 PM
well there is a clear answer: if you are right, go vote 2 February.
Discussion 7 : 20/01/2014 at 01:11 PM
Who is the source of the report. Surely it is not political.
Discussion 8 : 20/01/2014 at 01:08 PM
The rice scam should have never been allowed to start .The rice industry has been destroyed so PT can pretend it isn't buying votes .

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