Pattaya Daily News

14 August 2010 :: 12:08:48 pm 35276

Near Unanimous Rejection of Thaksin Asset Seizure Appeal

Thailand’s Supreme Court on Wednesday unanimously rejected the appeal of former Thai Prime Minister Thaksin Shinawatra in relation to the seizure of some Bt46 billion worth of his family assets.
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Bangkok, the 12th of August 2010: The Supreme Court Criminal Division for Holders of Political Positions in February ruled to seize Bt46.37 billion in Thaksin family assets in the form of share dividends and money gained from the sale of the Shin Corp telecommunications company. The court sited that the amount, just over half the family fortune, had been acquired through illegitimate means in abuse of the fugitive former premier’s position of power.

This week, in a one-hour plenary meeting, 119 of 142 judges voted 103:4 in favour of rejecting an appeal of the February decision put forth by Thaksin’s legal representatives. The appeals panel stated that no new evidence, which would affect the prior decision, had been presented by Mr. Shinawatra’s legal council. Twelve judges present at the appeal abstained from voting.

The remaining frozen assets of the Thaksin family, believed to be approximately Bt30.2 billion will now be returned to Mr. Shinawatra and his ex-wife Pojaman na Pombejra. The remaining assets are deemed to have been acquired prior to Mr. Shinawatra becoming Thailand’s Prime Minister in 2001.

Mr. Shinawatra’s lawyer Chatthip Tanthaprasart, following the appeal decision, revealed he will now inform his client of the ruling, conceding that no further action over the case could now be taken. “The legal procedure is over. We cannot do anything,” Mr Chatthip said.

Reporter : John Weston   Photo : Internet   Category : Thailand News

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