83af878b-e369-4d88-a040-129177296b5f.pdf 5UU1C1 Thanachart


TCAP. CSO. 035/2016


Date 7 March 2016

TCAP.CSO.035!2016


Subject The News regarding the case of the Office of the Welfare Promotion Commission for Teachers and Educational Personnel will file a civil law suit against Thanachart Bank Public Company Limited.


To The President


The Stock Exchange of Thailand


As there was a report in the mass media that the Secretary-General of the Office of the Welfare Promotion Commission for Teachers and Educational Personnel ("OTEP") will file a civil law suit against Thanachart Bank Public Company Limited ("the Bank") for the refund of 2, 100 million baht with interest 7.5 percent per annum due to the withdrawal and closing of account deposited at the Bank on 27 December 2013 was invalidity done .

Thanachart Capital Public Company Limited ("the Company") would like to inform that, such issue, the Bank which is a subsidiary of the Company has already sent fetters to inform OTEP for the facts and documentary evidences as fully investigated 3 times on 7 January 2016, 28 January 2016, and 23 February 2016, including there was a meeting to discuss such issue as the Bank was unable to take responsibility under the reasons in summary as follows:

  1. The Withdrawal Slip and BAHTNET Slip Forms have been co-signed by two authorized persons in accordance with the terms as prescribed by OTEP, including the Passbook has been submitted for record and the authorized persons have duly signed to receive 2, 100 million baht from the Bank, it, therefore, was the validity performance in accordance with the Bank Regulations regarding the withdrawal and transfer of fund in all respects.

  2. The withdrawal and the transfer of fund have been done under the intention and purpose of the resolution of the Board, as the employee of the Bank has no right or to be involved in any aspect.

  3. The letter of OTEP as signed by the Deputy Secretary-General, acting for the Secretary- General to notify the purpose of closing account which was referred to be a claim to the Bank that it was invalidity letter and done by unauthorized person and not in accordance with the conditions for closing of accounts and withdrawal, is not the documents used for the withdrawal and closing of account under the Bank Regulations.

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    Thanachart Capital Public Company Limited

    444mmnil:wuLl'I Yn'lL'l'ilf iu16·17 ff.l'UVH1J1h1Wil'l l1 nJL'UlilU'l:W'lU n1LVm'1 10330

    444 MBKTower.16'''-17"'Floor, Phayathai Road,,Vangmai.Pathumwan,Bangkok10330THAILAND

    Tel:(662) 217-8444, 217-8000 ,611-9111 Fax:(662) 613-6099 wwwthanachart co th10Luu,,.0101sJiooos10


    H-01-047-1

    TCAP.CSO.035/2016


  4. OTEP has known that the approval of investment to purchase the Promissory Note of a private company at the amount of 2, 100 million baht, for the interest of 7 percent per annum, was done in accordance with the resolution of the Board in all respects, after that, the interest under the Promissory Note had been received in full. When the principle due was not paid, the Bank, then, has been called to take responsibility by referring to the letter duly signed by Deputy Secretary-General of OTEP to notify the purpose of closing account as stated above,and claimed that there was the careless action of the commercial bank. It, then, was unfair and causing damage to the Bank.

The Company would like to further inform that in this case the transaction of withdrawal under this case has been done since 27 December 2013 as OTEP and its responsible executives have known well and they have never been raised any issue of this withdrawal. Furthermore, under the discovery of facts by the Bank, finding that this matter has been clearly audited and investigated by the Transaction Committee of Anti-Money Laundering Office. The Bank, then,notified to the Chief Ombudsman and requested for the additional investigation of related facts and documentary evidences and asked for the consideration to review its previous opinion as duly present to the Ministry of Education, due to it was known well in various media that the action of OTEP under this case coming from the opinion of the Ombudsman.

As the performance of the employee of the Bank has been validity done under the Bank Regulations, the Company wishes to inform you accordingly and kindly request to disclose this news.


Yours Faithfully,


Thanachart Capital Public Company Limited

-Somjate Moosirilert - (Mr. Somjate Moosirilert)

Senior Executive Vice President


Corporate Secretary Office


Tel:0-2217-8000 ext. 3008-3012


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Thanachart Capital pcl issued this content on 07 March 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 07 March 2016 08:34:35 UTC

Original Document: http://tcap.listedcompany.com/news.html/id/514861