Prayut orders probe into Thai PBS investment in agro-giant
Director resigns, as outcry forces channel to review its policy
- 16 Mar 2017 at 05:00
- WRITER: POST REPORTERS
Once Prime Minister Prayut Chan-o-cha expressed interest in the deal, Thai PBS executives cancelled their purchase of debentures of influential Charoen Pokphand Foods. (File photos)
Prime Minister Prayut Chan-o-cha has ordered an inquiry into Thai Public Broadcasting Service's (Thai PBS) controversial investment in debentures issued by an agro-industrial conglomerate.
The public broadcaster has come under public criticism since news emerged of its decision to buy the debentures worth more than 100 million baht issued by Charoen Pokphand Foods Plc (CPF).
Responding to the criticism, Thai PBS said Wednesday it would scrap the investment and review its "investment policy framework".
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