Labour Ministry Targets Transparency
Thailand’s Labour Minister Phiphat Ratchakitprakarn announced on June 14, 2025, the formation of a new committee to investigate the Social Security Office’s acquisition of the SKYY9 building. The probe aims to scrutinize the deal’s inflated price and hold accountable those responsible for any irregularities.
Initial Findings Reveal Overpayment
SKYY9 Bought for Double Market Value
A special audit committee, established by Interior Minister Anutin Charnvirakul, uncovered that the SKYY9 Centre on Rama IX Road was purchased for 7 billion baht between 2022 and 2023, despite a market value of approximately 3 billion baht. This significant overpayment triggered the call for a deeper investigation.
Challenges in Forming Neutral Panel
Credible Leadership Sought
Phiphat highlighted the difficulty of appointing a neutral and credible chairman for the new investigative panel. Although the SKYY9 purchase predates his tenure, he emphasized his commitment to ensuring transparency and accountability in addressing the controversial investment decision.
Potential Disciplinary Actions
Officials Face Possible Suspension
The Labour Minister plans to consult with Anutin on suspending officials involved in the SKYY9 deal pending the investigation’s outcome. Phiphat stressed that any disciplinary or legal actions must be based on a thorough review to identify violations, particularly those linked to potential corruption.
Investigation Expected to Take Time
Careful Process for Fairness
Unlike the initial audit, the new probe is likely to be time-intensive due to the need for meticulous evidence gathering. Phiphat noted that the Social Security Office’s established processes for high-value purchases should facilitate uncovering the facts, but decisions on disciplinary measures require utmost care.
Opposition Seeks NACC Probe
People’s Party MPs Demand Accountability
On June 13, 2025, People’s Party MPs Rukchanok Srinork and Sahaswat Khoomkhong filed a petition with the National Anti-Corruption Commission, urging a separate investigation. The petition names key figures involved in the deal, including Deputy Commerce Minister Suchart Chomkli and former Social Security Office officials.
