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UPDATE Saxena Scandal Links Back to Valentino's Koh Yao Yai Land

Category: Real estate, Posted:21 Nov 2009 | 11:00 am

In the latest development of the financial scandal involved Rakesh Saxena a new link has been reported in the local media between former Phuket property developer Malaysian national Valentino who had been arrested in a Phang Nga property case and is not thought to be evading the law after being released on bail.
Valentino who had been accused of fraud with land titles on Phang Nga's Koh Yao island was charged with encroachment and illegal documentation. The case played a significant role in the financial failure of the Bangkok Bank of Commerce and the latest connection is Saxena who was recently extradited back to Thailand from Canada.

Other News

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Project Rattan Focused On Restoring Thai Craft

Category: Tourism, Posted:20 Sep 2020 | 08:52 am If you find yourself in Bangkok from now until the end of December, you should take some time and visit Australian designer Patrick Keane’s Project Rattan exhibition at River City. Project Rattan is an exhibition of furniture design featuring Thai craftsmanship and aimed at restoring local artisans to create international level products. The exhibit is […]
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Condo Hotels and TPO’s Hitting Bangkok

Category: Hotels, Posted:20 Sep 2020 | 08:47 am Bangkok’s hospitality market is set rapid growth in the emergence of condo hotels and third party management operators (TPO’s). The trend is best seen with the recent launch of The Wyndham Queen Convention Centre Hotel and Residences in Bangkok operated by Kew Green Management Company Thailand. Kew Green has seven properties in the pipeline in […]
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The Hotel Business Plan – Why It Must Die (and soon)

Category: Opinion, Posted:18 Sep 2020 | 17:26 pm As I madly type away on the keyboard of my MacBook Pro, thousands of dumbstruck hoteliers across the world are slaving away in a blurring succession of days and nights in the mindless pursuit of completing an ignominious document known as The Hotel Business Plan. It’s Friday and I’m over-caffeinated, so hang on tight. Wait, […]