Asia Sentinel

Asia Sentinel

Share this post

Asia Sentinel
Asia Sentinel
Thai Hire-Purchase Firm Group Lease Faces More Chaos
Copy link
Facebook
Email
Notes
More

Thai Hire-Purchase Firm Group Lease Faces More Chaos

Widespread fraud and looting of funds by Japanese former executive alleged

John Berthelsen's avatar
John Berthelsen
Jan 27, 2021
∙ Paid

Share this post

Asia Sentinel
Asia Sentinel
Thai Hire-Purchase Firm Group Lease Faces More Chaos
Copy link
Facebook
Email
Notes
More
Share

Group Lease PCL, a Thailand-based hire-purchase and microfinance firm that was once a high-flying darling of the Thai stock market, has lapsed into chaos with three of its five independent directors having resigned, its auditors refusing to sign off its accounts, a half-dozen top employees having been fired and shareholders stuck with untradeable suspen…

Keep reading with a 7-day free trial

Subscribe to Asia Sentinel to keep reading this post and get 7 days of free access to the full post archives.

Already a paid subscriber? Sign in
© 2025 Asia Sentinel
Publisher Privacy
Substack
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture

Share

Copy link
Facebook
Email
Notes
More