The BTS Growth Infrastructure Fund has been cleared of alleged irregularities, the Department of Special Investigation (DSI) says.
The DSI has found that Bangkok Transit System Co (BTSC)'s plan to raise funds through the mutual fund programme was clean, DSI director-general Tarit Pengdith said yesterday.
The fundraising programme had nothing to with the Bangkok Metropolitan Administration (BMA)'s contract extension to give the BTSC operational control of the Green Line railway until 2042, he said. The DSI is also investigating the extended service operation contract.
The BTSC sought approval for the mutual fund from the Securities and Exchange Commission (SEC).
The process, however, was put on hold after the DSI told the SEC it was investigating a possible link between the fund and the rail route services contract.
"The DSI spent about two weeks investigating and has now informed the SEC that the mutual fund has nothing to do with the case of the improper extension of the BTS contract," Mr Tarit said.
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- Writer: King-oua Laohong