Thread: Is Thailand really that corrupt vs...
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Old 26-01-2006, 02:27 PM   #7 (permalink)
William
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I think this says it all really:

Quote:
Apparently, the Telecommunications Act of 2001 was amended to raise the statutory limit of foreign shareholding in Thai telecom companies from 25 per cent to 49 per cent.

Given that the amendment was signed last Friday, three days before the transaction took place, may one assume that the Thai Rak Thai government had amended the law to facilitate the deal?"
(discussion on the Shin deal) - source: The Nation 25/01/2006
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