THAILAND
Corruption Probe
August 6, 2007

Subcommittee to investigate EXIM Bank loan to Myanmar
The Asset Examination Committee (AEC) is preparing to establish a subcommittee to investigate the Export-Import Bank of Thailand (EXIM Bank)'s issuance four billion baht in loans to the government of Burma.

AEC officials have agreed to file charges against former Prime Minister Thaksin Shinawatra for his role in instructing the EXIM Bank to provide an additional one billion baht in loans to the Myanmese government, resulting in a financial burden of 99.9 million baht for the Ministry of Finance and the government for a period of 12 years. The AEC has finalized the members of its investigative subcommittee earlier today.

AEC officials revealed that it may be necessary to review the 'Where are you?' book written by Lt. Sunisa Lertpakawat on ousted Prime Minister Thaksin to obtain valuable information on Mr. Thaksin's transfer of 73 billion baht after the sale of Shin Corp stocks. PRD