The Pheu Thai Party and SC Asset Corporation have denied having any links to a Chinese criminal syndicate run by businessman and suspected crime boss Chaiyanat "Tuhao" Kornchayanant, saying foes are trying to ruin the reputation of the party and the company.
SC Asset on Sunday said the company's transactions are carried out in a transparent manner and in line with principles of good governance. The company also noted that it can only sell houses in its projects to Thai citizens and legal entities only.
Its statement stressed that house purchases must be paid via bank transfers, following claims that the syndicate and its nominees had bought a number of properties in cash.
