ASEAN KEY DESTINATIONS
Thai Court issues warrant for Thaksin
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.
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.
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,
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
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.
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