Thailand: Bring Your Spreadsheet And Bulletproof Vest

Delivering bad news to indebted Thai companies gets risky

Thailand, to the outside world, may seem a tourist haven punctuated with smiles. But there's another aspect of the country familiar to those who do business there: the death threat. Foreigners don't usually get exposed to this dicey practice. But that's changing. On Mar. 10, leading Australian insolvency specialist Michael Wansley, 58, was assassinated in broad daylight. Police have arrested a suspect. Authorities say Wansley, a Deloitte Touche Tohmatsu employee, was peering too closely at the books of a sugar mill whose executives were allegedly diverting funds while they owed $450 million in debt.

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