BRIBERY IS a huge industry in Thailand with estimated revenue of Bt200 billion annually, prominent banker Banyong Pongpanich said yesterday.
Speaking in his capacity as a board member of the Anti-Corruption Organisation of Thailand – which held a
seminar on the Rolls-Royce bribery case that allegedly involves Thai Airways International (THAI) and PTT –
Banyong said bribery was a large and expanding industry that involved many people who were earning their living as “coordinators” in the sale of goods to state agencies
Based on a reported 8-per-cent commission rate, the bribery industry in Thailand could be worth Bt200 billion
as the expenses of state firms amounted to over Bt2 trillion annually, he said.
“The bribery process stretches very far. It is not only involving state enterprises but it has always existed in state
agencies and continues to expand because no one has ever been caught,” Banyong said.
“[If you ask me] if the industry disappeared with the coup d’etat, this is a question that I won’t answer.”
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