Mr. Sompot Ahonai, CEO and Mr. Amorn Sapthawekul, Deputy CEO of Absolute Power Public Company Limited, announced his resignation from the position of Director and CEO. For the sake of transparency and full opportunity for investigation. Confident of Purity is willing to cooperate with relevant government agencies in the investigation.
Ready to explain the case of purchasing equipment from abroad. And/or purchasing software for use in solar power plant construction projects in Nakhon Sawan and Lampang.
Ensure that they did not work together to commit corruption. Because the process of appointing contractors is chosen by the decision of the company's board of directors. This is a turnkey contract for the entire project. There is an engineering procurement and construction (EPC) contract where the contractor designs, purchases, builds and installs all the systems of the project. The procurement of equipment is the contractor's duty and decision-making authority, not the decision of the company or Sompot's or Amorn's.
The contractor will receive project details including a list of equipment to be purchased. By specifying more than one brand of each equipment and then allowing the contractor to make the purchasing decision himself.
In this regard, the decision to allocate major equipment must be approved by the project technical advisor appointed by the financial institution, an independent global advisor with no direction or control. The project technical advisor also commented that the project construction costs were reasonable compared to other projects at the time.
As is clear, the costs of establishing the company's projects are compared with the costs of establishing similar projects of other companies listed on the stock exchange during the same period. Also, EA projects are the least expensive and most profitable. Even achieving the highest return on investment (IRR)
As the SEC has charged, this is the beginning of an enforcement process. Mr. Sompot and Mr. Amorn are not currently believed to be the perpetrators. We are prepared to cooperate to establish the truth so that it can come to light in the future.
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