Government House, 15 Oct – Finance Minister accepts PM’s request to solve the problem of direct selling business The iCon uses Criminal Code Section 341-342 Emergency Decree on borrowing money to prosecute, stressing that the Treasury will wait to see the results of the investigation and consider them for amendment of the law.
Mr. Pichai Chunhavajira, Deputy Prime Minister and Minister of Finance, said about the prosecution of the direct selling business, The Icon, that the Prime Minister has instructed the Ministry of Finance to take care of it. The Ministry of Finance will investigate whether it falls under Section 341 and 342 of the Criminal Code. As for the laws that were previously issued and fall under this category, the law was issued in 1984, which is the Royal Decree on Fraudulent Borrowing from the Public. It must be examined whether it falls under 3 categories: it is an advertisement to 10 or more people; 2, it pays higher returns if there is a loan involved, which pays higher interest rates than
what the financial institution charges.
and 3 meet the conditions of bringing money from other people to make revolving payments to the lenders and the business that is engaged in is lawful and the profits gained from the business are sufficient to be used for payments. However, will this fall into the category of violating the aforementioned law? Officials will consider this, and the Ministry of Finance will follow up on what the amendments will do in order to improve the law. -314.-Thai News Agency
Source: Thai News Agency