Error gets firm off NACC bribery hook
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Construction giant STEC charged under wrong section of Criminal Code
published : 17 Dec 2020 at 07:55
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The National Anti-Corruption Commission (NACC) has decided not to seek the prosecution of Sino-Thai Engineering and Construction Plc (STEC) in a bribery case that allegedly occurred in 2015.
Commissioners voted 6 to 3 on Tuesday not to prosecute the company after finding that the wrong law had been applied to the case from the outset, the Isranews Agency reported.
During the course of the investigation, the firm was accused of paying bribes in contravention of Section 144 of the Criminal Code when it should have faced charges of violating Section 149 for allegedly assisting state officials to demand ill-gotten gains.
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Amid the COVID-19 crisis, the global market for Turbogenerators estimated at US$10 Billion in the year 2020, is projected to reach a revised size of US$9.9 Billion by 2027, growing at a CAGR of -0.2% over the analysis period 2020-2027.