Ex-top official linked to possible graft

Kasem Klanying and others allegedly may of have embezzled OTEPC money via its suspicious and huge investments in the Billion Innovated Group. 

They have had their assets frozen. 

“Our probe reveals that in 2011 his group might have also caused damages to the OTEPC via Nong Khai Na Yoo Co Ltd,” Department of Special Investigation deputy chief Pol Lt-Colonel Pong-in Intarakhao said yesterday. 

He said that after Nong Khai Na Yoo increased its registered capital from Bt1 million to Bt1 billion, OTEPC bought Bt800 worth of its shares. 

“There are grounds to suspect that there have been irregularities involved. So, we have forwarded the case to relevant agencies including the National Anti-Corruption Commission,” Pong-in said.