EconomyLens.com
No Result
View All Result
Friday, February 27, 2026
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Business

Thai tycoon surrenders over deadly skyscraper collapse

David Peterson by David Peterson
May 16, 2025
in Business
Reading Time: 4 mins read
A A
2
31
SHARES
389
VIEWS
Share on FacebookShare on Twitter

The 30-storey Bangkok tower crumbled in seconds, killing 89 people, mostly construction workers, when a magnitude-7.7 tremor hit neighbouring Myanmar on March 28. ©AFP

Bangkok (AFP) – A Thai construction tycoon turned himself in on Friday to face charges of alleged negligence over the collapse of a skyscraper that killed dozens of people in a powerful earthquake, police said. The 30-storey Bangkok tower crumbled in seconds, killing 89 people, mostly construction workers, when a magnitude-7.7 tremor hit neighbouring Myanmar on March 28. The building being constructed to house the State Audit Office was the only structure to collapse in the Thai capital, raising serious concerns about safety standards and oversight.

Related

At Milan Fashion Week, industry’s darker side goes unmentioned

Chemical giant BASF to shift jobs from Germany to Asia

Chemical giant BASF to shift jobs from Germany to Asia

French prosecutors probe Al-Fayeds over sex trafficking

Netflix walks away from Warner Bros. bid, clearing path for Paramount

A Thai court on Thursday issued arrest warrants for 17 people on charges of “professional negligence causing death”, including Premchai Karnasuta, CEO of Italian-Thai Development (ITD), one of the kingdom’s largest construction firms. Premchai and 14 other suspects reported to Bangkok’s Bang Sue Police station where “they denied all charges”, district police chief Sanong Sangmanee told AFP, adding the remaining suspects were due Monday.

If convicted, the 71-year-old magnate faces up to 10 years in prison and a fine of 200,000 baht ($6,000). Livestream footage from local outlet The Reporters showed Premchai in a wheelchair as officers escorted him from the police station to court. A court official told AFP that Premchai will be held in pre-trial detention while prosecutors continue their investigation.

This is not the tycoon’s first legal tangle. In 2021, a Thai court sentenced him to three years and two months in prison for poaching protected wildlife, including a black panther. He was released early in 2023 as part of a group of inmates granted clemency for good behaviour. According to public filings with the Stock Exchange of Thailand, Premchai owns nearly 12 percent of ITD’s shares. Thai justice department investigators said Friday they will probe cement plates used in the tower’s construction to gather further evidence for their case.

© 2024 AFP

Tags: constructionnatural disastersnegligence
Share12Tweet8Share2Pin3Send
Previous Post

Stock markets calmer as trade rally eases

Next Post

Ramaphosa’s talks with Trump chance to reset tattered ties

David Peterson

David Peterson

Related Posts

Business

Thieves target high-value Pokemon cards as franchise turns 30

February 26, 2026
Business

Automaker Stellantis posts massive loss, pivots from EV

February 26, 2026
Business

Guinness maker Diageo cuts outlook on weak US, China demand

February 25, 2026
Business

Aston Martin slashes staff as US tariffs hit carmakers

February 25, 2026
Business

Warner Bros. opens door to Paramount as bidding war heats up

February 25, 2026
Business

UK fines Reddit nearly $20 mn over children’s data failures

February 24, 2026
Next Post

Ramaphosa's talks with Trump chance to reset tattered ties

Stock markets seek to hold onto gains

Dua Lipa is the youngest person on UK's under-40 rich list

Ozempic-maker Novo Nordisk says CEO to step down

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
2 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

New York ruling deals Trump business a major blow

81

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

Paramount acquires Warner Bros. in $110 bn mega-merger

February 27, 2026

Trump tells US govt to ‘immediately’ stop using Anthropic AI tech

February 27, 2026

Oil prices jump on Iran attack fears while US stocks fall

February 27, 2026

Oil prices jump on Iran attack fears, Wall Street slips on AI

February 27, 2026
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.