BANGKOK - What one hand of the Thai state gave in privileged telecommunications concessions, the other has taken away on charges of policy corruption and the accumulation of unusual wealth. In a highly anticipated Supreme Court verdict on Friday, a nine-judge panel ruled on Friday to seize US$1.4 billion (46.4 billion baht) worth of former prime minister and telecom concessionaire Thaksin Shinawatra's and his family's assets.
The court found that Thaksin and his ex-wife Pojaman na Pombejra concealed their assets in violation of laws that bar politicians and their spouses from owning shares in private companies while in office. Judges also ruled that Thaksin abused his power as premier by implementing policies that directly benefited his private companies, including the now Singapore-owned Shin Corp, Advanced Info Services and Thaicom, then known as Shin Satellite.
Officials say Thaksin may be charged with ten more crimes.
The court found that Thaksin and his ex-wife Pojaman na Pombejra concealed their assets in violation of laws that bar politicians and their spouses from owning shares in private companies while in office. Judges also ruled that Thaksin abused his power as premier by implementing policies that directly benefited his private companies, including the now Singapore-owned Shin Corp, Advanced Info Services and Thaicom, then known as Shin Satellite.
Officials say Thaksin may be charged with ten more crimes.
More from Asia Times Online HERE.
1 comment:
I guess corruption doesnt discriminate.
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