Jun 9, 2013

Commerce Minister said he did not know magnitude of financial loss in rice grain pawning program

A former Thai Finance Minister in a previous government, wrote "he was about to faint" upon hearing news about answer of the current Minister of Commerce at a recent press conference that he did not know how much was the government's loss on rice grain 'pawning' because the government has not sold out the grain stock yet. The former minister argued that every organization must do accounting on a regular schedule, and that it would be a shame if the Ministry of Commerce has not used good accounting practice.
He guessimated that the loss was at least 200-300 billion Baht.

Ref: Manager

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