THG company denies any link to Dr. Boon Vanasin’s investment claims

The Thonburi Healthcare Group (THG) has issued a statement, addressed to the Stock Exchange of Thailand (SET), maintaining that it has nothing to do with the five healthcare projects in which Dr. Boon Vanasin has claimed to be investing.

Dr. Boon resigned as chairman and director of THG on August 26th, 2022, and neither holds any position in the group nor has any role in its management, according to the statement.

Regarding Boon’s former wife Charuwan, and daughter Nalin, the statement said they are among 15 directors of the company and have not yet resigned.

Although the two have been charged by police, they are still qualified to be directors, because the legal process is still under way, said the statement, adding that the company continues to function as normal and the charges against Boon’s family are not affecting operations.

Charuwan and Nalin were ordered detained for 12 days today by the Criminal Court, pending completion of questioning.

Today, Boon’s classmate, 86-year-old Dr. Saluay, and her son Pothirat filed a complaint with the Central Investigation Bureau, claiming that they had invested 25 million baht in Boon’s healthcare projects and are now afraid that they may not see their money again.

Pothirat said Boon told them that he would mobilise funding for the projects through the issuance of debentures, but these turned out to be just annually renewable promissory notes, with 7% return on investment, because Thonburi Hospital was not registered with SET at the time.

He said that he, his wife and mother-in-law had received a dividend from their investment every June and December without a problem, but he has recently attempted to contact Boon’s staff, to ask about the dividend due on December 12th, but could not reach any of them.

Saluay claims that she has invested 17 million baht in Boon’s projects and is now doubtful that she will get any of the money back.