Thai Developer Denies Tax Evasion Charges Against Srettha (1)

Sansiri, a Thai property developer previously run by prime minister candidate Srettha Thavisin, denies allegations that the company colluded in tax evasion in a land deal under his watch.

• Shares of Sansiri tumble as much as 3.8%, bucking a gain in SET Index, with trading volume almost 3 times its three-month, full-day average
• Land purchases were legitimate and in accordance with good corporate governance, Sansiri, says in an exchange filing Friday
• Srettha only approved the price and investment value of the land deal in question in his capacity as the CEO and director of the company
• Purchase contracts, ...