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NEWS UPDATES Asean Affairs    15 October 2012 

Thai Court issues warrant for Thaksin


The Supreme Court yesterday issued an arrest warrant against former Thai prime minister Thaksin Shinawatra for not being present to hear the court's decision to proceed with the Krung Thai Bank loan scandal case.

Thaksin, the first defendant in the case, is accused of collaborating with 26 others to have the state-owned bank approve loans for firms under the Krisda Mahanakorn Group.

The 26 other defendants include the bank's then-managing director Viroj Nualkair, who appeared in court yesterday to hear the decision.

The Supreme Court's Criminal Division for Holders of Political Office has set the next hearing on January 25, when it will listen to the defendants and public prosecutors verify the evidence. The case against Thaksin will be suspended pending arrest.

The court reasoned yesterday that Thaksin had been informed of the schedule, but since he refused to turn up he would be regarded as fleeing. Thaksin's legal adviser Noppadon

Pattama said yesterday that Thaksin refused to accept anything resulting from the 2006 military coup or any cases that were investigated by the Assets Examination Committee (AEC). Thaksin insists that he was never involved in the approval of the Krung Thai loans and did not believe there was any evidence linking him to it.

"Will taking legal action against Thaksin on cases taken up after the military coup bring about reconciliation? Thaksin should receive justice under the normal legal process, not what has resulted from the coup," Noppadon said.

The case was first investigated by the AEC, which had been set up by the coup-makers in 2006.

The main prosecution claim in the case is that Thaksin abused his office to influence the bank's decision to grant loans to real-estate developer Krisda Mahanakorn despite the company's poor credit rating.

The case will focus on three transactions worth more than 10 billion baht (US$326 million) in total. All the transactions took place during Thaksin's time as premier.

Read the rest of the Story below...


First time outside China and first time in Bangkok: A Multi-Billion$ industry event
The 7th Railworld Summit 2012, Oct 24-26, 2012. The Dusit Thani hotel, Bangkok, Thailand

China’s leading event organizer CDMC (China Decision Makers Consultancy) and AABC (AseanAffairs Business Council) – the business platform of C.I.A. (China-India-Asean) and AseanAffairs- the only global media dedicated to SE Asia brings to Bangkok and Asean for the first time, the prestigious Rail World Summit 2012 to be held for the seventh time and first time outside China.

Southeast Asia is one of the most dynamic, fast-growing regions in the world today. It offers a market of 590 million people, rich natural resources, skilled labor, and an export industry concentrated in global high-growth sectors – all tied together in a free-trade area, ASEAN.

This year’s event will enter a new chapter in Bangkok, Thailand, 24th-26th October. The three-day summit will address the most critical industry issues in Southeast Asia and globally and will draw attendees from government, railway authorities, projects, equipment and technology companies, aiming to help to gauge the pulse of this dynamic industry and get caught up with the most cutting edge railway technologies.

The market for rail technology in Southeast Asia currently has a volume of approximately EUR 1.8 billion. The market will grow at a significantly higher level than other regions. We expect growth of 6% per year to around EUR 2.4 billion in 2016. Though the region makes up only a small share of market volume for railway technology in Asia compared to China, India and Japan, the region is very interesting for international players due to its relative openness and low local competition.

The summit has been extended to feature a post-congress full-day site tour on the third day, which is a tailor-made site visit with high-end reception designed to witness the remarkable advancement of industry facilities, and will leave with practical skills and new contacts.

The conference will draw over 270 participants, bringing together with government and association, railway authorities, metro/LRT operators, project owners, planning & design institutes, equipment & technology vendor and IT solution companies.

Some of the confirmed companies
from Europe, USA, China, India, Japan, Korea, Cambodia, Thailand, Indonesia, Malaysia......Beijing Subway Operation Co., Ltd,  Siemens, Chongqing Rail Transit Corporation, AEG Brazilian National Agency for Land Transport, Rutherford Global Power, China Railway Group Limited,  Balfour Beatty Rail,  Shanghai Shentong Metro Co., Ltd, Ministry of Railways P.R.C., ADB ,Knorr-Bremse SfS GmbH, Indian Railways, Beijing-Shanghai High-Speed Railway Co., Ltd, Bayer Materials, Korea Rail Networks Authority, GE Transportation,  BAE Systems, ABB Ashurst, EAO Zoller + Fröhlich GmbH, Kawasaki Heavy Industries Ltd.,Rockwell  Hitachi Cable, Nexans WaveTrain Systems, Itochu, Cisco   RZD ZOOMLION Komatsu, Halfen Rail Innovation Australia Pty Ltd, MAHLE Behr Industry Cooling Equipment (Tianjin) Co., Ltd.  Böhler Uddeholm, MITSUBISHI ELECTRIC CORPORATION, Rogers (Shanghai)

International Trading Co., Ltd. Freshfields Bruckhaus Deringer TOLL, Royal Cambodia railways, Nanjing Metro, Delhi Metro Rail Corporation,Konkan Railway Corporation Ltd. , Beijing Dinghan Tech Co., Ltd. , HOPPECKE Battery System GmbH, Crane Aerospace, CSM ERL Maintenance Support Sdn Bhd, Metrosolution Zublin, Mitsui & Co., Ltd., Fuji Electric, Voestalpine BWG GmbH & Co.KG, MRT Jakarta,  TUV Rhainland, Beijing General Municipal Engineering R & D Institute,  Guangshen Railway Co., Ltd   MOOG   Centro Sviluppo Materiali SpA Ashida ELECTRONICS (P) LTD. ,Technical Expert Network, UBM, Jindal Steel, Herbert Smith Bureau Veritas, China Railway 23rd Bureau Group Co.,Ltd. Bangkok Metro, Bangkok Metropolitan Authority, Land Public Transport Commission (SPAD, Malaysia).

Hurry! Seats are Limited! Receive discounts on Individual & multiple bookings before 5 Oct 2012.
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Yesterday's arrest warrant is the sixth warrant faced by Thaksin since he fled the country ahead of the Supreme Court's ruling on the Ratchadapisek land case in 2008.

The first arrest warrant was issued by Supreme Court, when Thaksin failed to attend the first hearing in the Export-Import Bank case on Sept 16, 2008.

The second and the third warrants were also issued by the Supreme Court in the same year for failing to attend the first hearings for the two- and three-digit lotteries and the telecommunication excise tax cases respectively.

The fourth warrant was issued by the Supreme Court on Oct 21, 2008, when Thaksin was sentenced to two years in jail for abusing power to facilitate a deal for his then-wife

Pojaman na Pombejra allowing her to buy a Ratchadapisek land plot worth 772 million baht from the state.

The fifth warrant came from the Criminal Court on May 25, 2010, over terrorism charges. The court has yet to hear from the plaintiff's witnesses.

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






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