Sign up | Log in



Home  >>  Daily News  >>  Thailand News >>  Politics >>  Thai minister says all of Thaksin's wealth should have been seized

NEWS UPDATES 4 March 2010

Thai minister says all of Thaksin's wealth should have been seized

Related Stories

March 3, 2010
Thailand: Inflation rises for 5th consecutive month

March 1, 2010
Thai bourse undaunted by political uncertainty

February 28, 2010
Thailand: Political uncertainty remains key risk factor to economy

February 27, 2010
Thai court orders seizure of $1.4 billion from ex-premier’s frozen assets

February 18, 2010
Thailand: Local investors unruffled by political unrest

February 15, 2010
Survey: Thais fear violence if court seizes assets of ousted premier Thaksin

January 31, 2010
Thailand tightens security for judges following death warnings

Thailand's finance minister has said the country's Supreme Court should have seized all of fugitive former premier Thaksin Shinawatra's fortune instead of only part of his wealth, reported AFP.

In comments on his Facebook page, Korn Chatikavanij took aim at Friday's decision confiscating $1.4 billion of a total of $2.3 billion in assets which were frozen after Thaksin was toppled in a 2006 coup.

"I increasingly feel that the court was really fair. But if it were me, I would have seized the entire 76 billion baht," wrote Korn, who helped investigate Thaksin's graft before taking up his current post.

The court's decision was widely perceived as a political compromise to mollify Thaksin's supporters, as it allowed him to hold on to the value of his company shares as it stood before he became prime minister in 2001.

"I simply think that if the court only seized the surplus wealth, that means although Thaksin is corrupt he still holds on to his initial money," Korn said in the post on Wednesday.

He said the damage done to state agencies through Thaksin's allegedly corrupt activities merited further legal action against him.

"Those agencies must legally pursue Thaksin," said Korn, a British-born, Oxford-educated former investment banker.

Thailand's anti-corruption body on Thursday said it would fast-track outstanding graft cases against Thaksin. The Supreme Court said in its ruling it was confiscating his money because he abused his power for personal gain.

Thailand's judiciary on Wednesday defended the verdict, saying that it had not been biased or subject to political influence.

Thaksin, who lives in exile to avoid a prior jail sentence for corruption, has vowed to fight the verdict and accused the judges of issuing a "very political" ruling which was a "joke for the world".

His supporters in the so-called "Red Shirt" movement have announced a series of protests around the country later this month in a bid to topple the current government.


Comment on this Article. Send them to
Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below 





1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand