The Ministry of Defense will investigate the Royal Thai Army's request for the repayment of a 1.4 billion baht loan made to Royal Thai Army Enterprise, said Defense Minister Phumtham Wechayachai.

He said that he has not yet seen the full details and has asked the army for more information. He also said he wants the issue resolved within this government term.

RTA Enterprise is a company in which the military owns 50% of the shares and senior military officers hold the other 50%. With a registered capital of 10 million baht, it reportedly borrowed 1.29 billion baht from the military budget at an interest-free rate in 2019. The loan is yet to be repaid.

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