The share price of CP AXTRA Public Company Limited (SET: CPAXT), at the closing of morning session, was THB 27 with negative THB 1 or 3.57%. A sharp plunge in the morning session was due to the report that special investigators had found illegal pork being bought by the company. The price dropped as much as 5.3% at the opening bell this morning.
Police Major Suriya Singhakamol, the Director General of Department of Special Investigation (DSI), and a group of government officials, working on the illegal pigs case, had disclosed the search warrant to investigate the head office of CPAXT at Pattanakarn Road. The search started after the link between the buying of frozen cut of porks (pig) from the company that was prosecuted for importing illegal frozen cut of porks (illegal pigs).
The point being whether the buyer of illegal pigs (CPAXT) will also be prosecuted or not since DSI had previously affirmed that the buyer will also be prosecuted as the importer. It has not been concluded, in this case, due to the necessity of further investigation. However, transaction documents showed the money flow of more than THB 390 million, which was traded publicly. Thus, the DSI is obligated to investigate if the goods were legally imported or not.
Mrs. Siriporn Dechsingha, Chief Corporate Communication Officer of CPAXT, revealed that the company is willing to cooperate with DSI in accordance with the search warrant. On 15 November and 21 November 2023, government sectors, Department of Livestock Development, Department of Internal Trade, and Provincial Public Health came to examine the operation process and import documents at Mahachai and Wang Noi Distribution Centres.
“I affirm that Makro has a strong standpoint. We do not support illegal imported products. If there is evidence proving the said company to be importing illegally, we will not continue to buy from the said company anymore. I also request the DSI to hasten the investigation since our company is also affected. For the cooperation with DSI on examining the head office, we have already presented the process of buying and checking product quality, with legal buying documents being shown. Also, pork and cuts of pork, both chilled and frozen that sell via every Makro, have been certified by Livestock OK. This assures the delivery of fresh, clean, and safe products to the consumer according to the code of conduct of the Department of Livestock Development with 100% traceability,” said Mrs. Siriporn.
