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| Southeast Asia |
| Thai court seizes former PMs assets |
| 2010-02-27 |
| [Iran Press TV Latest] Dubbed the Judgement Day, on Friday Thailand's supreme court ruled to confiscate more than half of former prime minister Thaksin Shinawatra's family fortune because of his abuse of power. The final verdict said that $1.4 billion of the $ 2.2 billion will be confiscated after he was found to have abused his power in all five major cases against him. The verdict was issued amid tight security to prevent violence by his red-shirted supporters. The assets are from the sale of Thaksin's telecommunications firm. They were frozen following his overthrow in a military coup in 2006. Thaksin has been convicted in absentia of graft. He was found to have concealed his ownership of shares in his family telecommunications conglomerate during his five years in power, while gearing government policy to benefit the company. The court ruled that $900 million amassed by Thaksin before his premiership be unfrozen. The former prime minister, who is currently living in self-imposed exile in Dubai, denied any wrongdoing and called the verdict very political and a big joke. Using a video link from Dubai to speak with his supporters, he insisted he would continue to seek justice in his case. |
| Posted by:Fred |
| #1 |
| Posted by: Snavimble Dark Lord of the Huns2650 2010-02-27 12:30 |