No Bhanapot probe at bank
The president of Kasikornbank said yesterday the shareholding of Bhanapot Damapong, brother of Pojaman Shinawatra, was still "insignificant" and there was no need for an examination.
Prasarn Trairatvorakul said he had no idea if the shareholder was a nominee, or not. His comment followed a news report that Damapong held 28.9 million shares representing 1.21 per cent of Kasikornbank and ranked number 11 on the list of major shareholders. Prasarn said that in the last shareholders meeting Damapong had voted in line with a proposal made by bank's board of directors. The bank also had no idea if the money that Damapong bought the bank's shares with came from any of 21 bank accounts frozen last week because of doubts about aspects of the Shin takeover.
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