More on CentralWorld fire

1 03 2013

A week or so ago PPT posted on continuing court case on the CentralWorld arson in May 2010.  The South Bangkok Criminal Court is scheduled to deliver its ruling in the case against the only two remaining defendants after two juveniles were earlier acquitted. In another case related to the event, The Nation has a very short account.

The Civil Court has ruled that Deves Insurance, a company owned by the Crown Property Bureau, “must pay the compensation plus interest of 7.5 per cent per annum from March 31, 2011 to Central Group, following the 15-month lawsuit.” In addition it had to pay the Central Group’s legal costs. Apparently Deves claimed the burning of the department store was “an act of terrorism” and thus exempt from an “all-risk insurance policy.” The court ruled that the arson was not a result of terrorism.

The report states that the total claim against Deves was “Bt2.7 billion for property damage and another Bt990 million for loss of income as CentralWorld was closed from May 19 to September 28, 2010…”.



%d bloggers like this: