BRITISH INTERNATIONAL SCHOOL, PHUKET
BRITISH INTERNATIONAL SCHOOL, PHUKET Kata Rocks
The Phuket News Novosti Phuket Khao Phuket

Login | Create Account | Search


Former minister indicted for murder of billionaire friend

Former minister indicted for murder of billionaire friend

BANGKOK: Public prosecutors yesterday (June 7) indicted former deputy commerce minister Banyin Tangpakorn, accusing him of the murder of billionaire friend and construction tycoon Chuwong sae Tang after stealing B300-million of his shares in 2015.

crimedeathmurderpoliceviolencetransport
By Bangkok Post

Friday 8 June 2018, 08:42AM


Banyin Tangpakorn, 54, at the Bangkok South Criminal Court in April this year to testify in the case involving the alleged theft of shares worth B300mn from late construction tycoon and short-term friend Chuwong sae Tang. Photo: Somchai Poomlard

Banyin Tangpakorn, 54, at the Bangkok South Criminal Court in April this year to testify in the case involving the alleged theft of shares worth B300mn from late construction tycoon and short-term friend Chuwong sae Tang. Photo: Somchai Poomlard

Prayut Phetkhun, deputy spokesman of the Office of the Attorney-General, said Lt Col (retired) Banyin was charged with colluding in premeditated murder and colluding in murder for personal gain or to avoid criminal punishment for another wrongdoing. Such offences carry a maximum penalty of death.

Public prosecutors also proposed that any punishment handed down in the case be cumulative on punishment from another case involving document forgery for the theft of shares.

The Phra Khanong court accepted the case for trial and set the first hearing for July 9. The court released Banyin on him on bail of B2mn on condition he not leave the country without prior permission.

Mr Chuwong, 50, was found dead in the front passenger seat of Banyin’s Lexus SUV after it crashed into a roadside tree in Prawet district, Bangkok, on June 26, 2015.

Banyin survived the incident unscathed. The vehicle suffered minor damage.

QSI International School Phuket

Police at Udomsuk station initially attributed Mr Chuwong’s death to the crash. The Crime Suppression Division (CSD) took over the investigation and suspected Banyin of colluding in murder and that the accident was a set up to cover the murder.

The CSD concluded that Mr Chuwong was clubbed to death before the accident. Banyin had invited Mr Chuwong to a round of golf that night.

The murder motive was the fraudulent ownership of a portfolio of shares.

The case involves Banyin, who had known Chuwong since they met during a course at the National Defence College a few years before his death, and three women. One of the women was the broker handling Mr Chuwong’s stocks account and suspected of being Banyin’s mistress. They are all suspected of stealing B300mn worth of Mr Chuwong’s shares using forged documents.

Read original story here

Comment on this story

* Please login to comment. If you do not have an account please register below by simply entering a username, password and email address. You can still leave your comment below at the same time.

CAPTCHA

Be the first to comment.

 

Have a news tip-off? Click here

 

Phuket community
Hong Kong leader tries to reassure investors rattled by China law

She is just a Beijing puppet, she never disagrees with anything communist China does...(Read More)


Tourism and Sports Ministry seeks to lift domestic lockdown

Too late ! - everybody has already gone out of business. Way way too slow to open up. Even the beach...(Read More)


Phuket beach cleanup nets 40kg of trash

What me always strikes, considering that Phuket beaches are the tourist life line for Phuket income ...(Read More)


‘No politics’ in decree stretch

I saw a quote somewhere today, forgot where. Went along the lines of when certain politicians open...(Read More)


Thailand logs three new COVID cases, no deaths

According government, daily 2-3 new virus patients. Is that justifying many Thai people suffer pover...(Read More)


Phuket beach cleanup nets 40kg of trash

Can we do this at Surin Beach? ...(Read More)


‘No politics’ in decree stretch

If you believe what Prawit says, I have bridge for sale in London...(Read More)


Phuket beach cleanup nets 40kg of trash

Tell it to the ignorant fishermen....(Read More)


Europe lifts virus shutters as Japan ends emergency

'The Spanish government also announced that it would scrap quarantine for foreign arrivals from ...(Read More)


MP Sira moves for action after DSI probe finds Kata condo project land title, building permission unlawful

Also, I cannot confirm that construction is continuing as Nasa states, but would not be the least bi...(Read More)