FAT_AUSSIE Posted December 28, 2006 Report Share Posted December 28, 2006 THE Bank of Thailand will file corruption charges against former premier Thaksin Shinawatra after graft-busters found two fraudulent cases involving the deposed leader. The central bank would bring the case to a criminal court, Finance Minister Pridiyathorn Devakula said today. Corruption busters appointed by Thailand's ruling junta found yesterday that Mr Thaksin was involved in an alleged overpriced purchase of equipment at Bangkok's new Suvarnabhumi airport and a controversial land deal in 2003. The junta, which came to power after toppling the Thaksin government in a bloodless coup in September, justified the putsch by saying that rampant corruption during his five years in office had undermined democracy. The army-installed Government is investigating his family's business deals, including their January sale of Shin Corp shares to Singapore's Temasek Holdings, for alleged violations of Thai laws. Mr Thaksin's family sold their 49 per cent stake in Shin Corp, a telecom giant founded by the ousted premier, to the Singaporean state-linked investment firm for $US1.9 billion ($2.43 billion) under a tax free deal. The tax deal triggered months of street protests demanding Mr Thaksin's resignation over alleged abuse of power and corruption, culminating in the September coup. After the power grab, the military reinstated the anti-corruption commission, which had been dormant for more than a year, and set up the Asset Scrutinising Committee with the power to seize assets from Thaksin and other former officials. NEWS.com.au 28/12/06. http://www.news.com.au/story/0,23599,20975569-38196,00.html Link to comment Share on other sites More sharing options...
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