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PTT FIASCO

PTT union against Consumers Foundation

PTT Plc's labour union is prepared to file a lawsuit against the Consumers Foundation, claiming that the foundation distributed papers to the public prior to the Supreme Administrative Court's ruling last Friday.



Nattakorn Kaewdee, the union chief, said information is being gathered and the legal aspects are being studied before the charges will be filed.

 He said that by distributing papers and giving comments before the ruling, it's considered the contempt to the court. He noted that the papers contained misleading information which could cause damage to small investors.

 "So far, we have stayed quiet in honour of the court. But after the ruling, the foundation filed another charge saying that PTT was giving out wrong information," he said.

 The lawsuit is planned to be filed soon and the labour union is prepared to take comments from all small shareholders.

 Tomorrow, the union would gather a meeting of PTT-lovers, where the court's ruling would be explained and the gatherers would be informed of PTT's future.

 The Consumers Foundation was the one who brought PTT to the Supreme Administrative Court earlier this year, which led to the split of three pipelines and other rights worth Bt15 billion from PTT.

- The Nation  


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