Thread: Thaksin hit with court case over KTB loans

Originally Posted by StrontiumDog

The case came to light after the 2006 coup government formed the Asset Examination Committee to look into alleged graft violations involving Thaksin.

Oh dear.... better backdate the amnesty bill another few years.

^ or 100 years for the thai axis of evil murderers

You can't argue with that

Thaksin hit with court case over KTB loans - The Nation

[QUOTE]"The case came to light after the 2006 coup government formed the Asset Examination Committee.............."QUOTE]

The above quote summarizes it all.

If Suthep or Newin and their ilk, had won so many elections, stuff like this would be happening to them.

I wonder why it is taking so long to cleanse this judiciary of its' Coupist roots.

But anyway, I will brace myself.

A headline like this, regardless if it is from the coupist owned and operated propaganda media, is a Godsend to the Thaksin Haters......Here they come with all their regurgatative impulses.

[QUOTE]"Thaksin is currently a fugitive from justice..........."[/QUOTE]

No he is not.

He is a political exile, not from justice, but from Coupists who are still managing to thwart the will of the electorate....The Constitution Court being the latest manifestation of that.

But all the while, ICC investigated Abhi. continues to preen about the Thai Political stage.

Unbelievable.

Thaksin is a convicted criminal, convicted and found guilty in a Thai court of LAW,Therefore he chose to escape justice and flee the country [ a fugitive from justice ] not self-imposed exile.A CRIMINAL ON THE RUN.. ...If by any small chance he was wrongly convicted why does he not return to Thailand and prove the courts wrong. For a man of his wealth and all the top legal talent at his disposal this should be an easy task,but NO ,only a whitewash will do to absolve him of all his crimes..A white-wash that his sister and the PT ARE TRYING TO BULLDOZE through parliament at this very minute.

As a footnote and this is for calgary, please please stop spouting your,"its the coupists " Crap.........

Originally Posted by StrontiumDog

The alleged fraudulent deals happened when Viroj Nualkhair, one of the key defendants, was the managing director of KTB.

Yes, Viroj Nualkhair used to be Sondhi Limongkuls banker before he became president of KTB.

Under Viroj's management, the debt that Manager Group ( owned by Sondhi )owed to Krung Thai Bank was reduced from Bt1.8 billion to THB 200 million.

That is a staggeringly large ' let off ' for a bank to make.

So here we have a case over suspicious transactions but nothing is said about wiping out the bulk of Sondhis debt ??

Suspicious action in itself .


( ref : Sondhi Limthongkul - Wikipedia, the free encyclopedia )

In 2004, state-ownedKrung Thai Bank (KTB) shocked Thailand's financial world by reclassifying approximately Bt40 billion as problem loans. It was rumored that M.R. Pridiyathorn Devakula, the Bank of Thailand's governor, would fire KTB CEO Viroj Nualkhair if he did not resign voluntarily. Viroj Nualkhair was Sondhi's former financial advisor, having helped him IPO one of his first companies.[22] As Krung Thai Bank's CEO, Viroj had forgiven Sondhi's debts by Bt1.6 billion and arranged for further rounds of forgiveness. Using all of his media outlets, Sondhi furiously attacked Pridiyathorn and defended Viroj. However, Viroj was eventually forced to leave Krung Thai Bank. Sondhi's public criticism of Thaksin increased.[

Originally Posted by jamiejambos

Thaksin is a convicted criminal, convicted and found guilty in a Thai court of LAW

And if one accepts that the coupist courts are normative, all else in your Post follows.

But there is the rub!

Originally Posted by Bangyai

Originally Posted by StrontiumDog

The alleged fraudulent deals happened when Viroj Nualkhair, one of the key defendants, was the managing director of KTB.

Yes, Viroj Nualkhair used to be Sondhi Limongkuls banker before he became president of KTB.

Under Viroj's management, the debt that Manager Group ( owned by Sondhi )owed to Krung Thai Bank was reduced from Bt1.8 billion to THB 200 million.

That is a staggeringly large ' let off ' for a bank to make.

So here we have a case over suspicious transactions but nothing is said about wiping out the bulk of Sondhis debt ??

Suspicious action in itself .


( ref : Sondhi Limthongkul - Wikipedia, the free encyclopedia )

In 2004, state-ownedKrung Thai Bank (KTB) shocked Thailand's financial world by reclassifying approximately Bt40 billion as problem loans. It was rumored that M.R. Pridiyathorn Devakula, the Bank of Thailand's governor, would fire KTB CEO Viroj Nualkhair if he did not resign voluntarily. Viroj Nualkhair was Sondhi's former financial advisor, having helped him IPO one of his first companies.[22] As Krung Thai Bank's CEO, Viroj had forgiven Sondhi's debts by Bt1.6 billion and arranged for further rounds of forgiveness. Using all of his media outlets, Sondhi furiously attacked Pridiyathorn and defended Viroj. However, Viroj was eventually forced to leave Krung Thai Bank. Sondhi's public criticism of Thaksin increased.[

But all of that is OK BY.

They weren't winning elections.

Originally Posted by Bangyai

Originally Posted by StrontiumDog

The alleged fraudulent deals happened when Viroj Nualkhair, one of the key defendants, was the managing director of KTB.

Yes, Viroj Nualkhair used to be Sondhi Limongkuls banker before he became president of KTB.

Under Viroj's management, the debt that Manager Group ( owned by Sondhi )owed to Krung Thai Bank was reduced from Bt1.8 billion to THB 200 million.

That is a staggeringly large ' let off ' for a bank to make.

So here we have a case over suspicious transactions but nothing is said about wiping out the bulk of Sondhis debt ??

Suspicious action in itself .


( ref : Sondhi Limthongkul - Wikipedia, the free encyclopedia )

In 2004, state-ownedKrung Thai Bank (KTB) shocked Thailand's financial world by reclassifying approximately Bt40 billion as problem loans. It was rumored that M.R. Pridiyathorn Devakula, the Bank of Thailand's governor, would fire KTB CEO Viroj Nualkhair if he did not resign voluntarily. Viroj Nualkhair was Sondhi's former financial advisor, having helped him IPO one of his first companies.[22] As Krung Thai Bank's CEO, Viroj had forgiven Sondhi's debts by Bt1.6 billion and arranged for further rounds of forgiveness. Using all of his media outlets, Sondhi furiously attacked Pridiyathorn and defended Viroj. However, Viroj was eventually forced to leave Krung Thai Bank. Sondhi's public criticism of Thaksin increased.[

Only 1.6 billion in a write down for Sondhi? The deal in question was for some 9.9 billion and caused a 4.5 billion loss.
No wonder he was upset.
TH



, March 7, 2007 : Last updated 20:58 pm (Thai local time)








'KTB loan paid to Panthongtae's firm'

Deposed prime minister Thaksin Shinawatra, his wife and his son face possible prosecution for allegedly ordering Krung Thai Bank to extend a Bt9.9-billion loan to the Krisada Mahanakorn Plc group with highly inflated collateral security, a source said yesterday.


The Assets Examination Committee yesterday agreed to a suggestion by its subcommittee probing the loan scandal to incriminate seven politicians, eight Krung Thai Bank officials, four executives and five companies and their management for alleged involvement in the loan scandal, AEC spokesman Sak Korsaengruang said.

Sak said damages caused by extending the KTB loan to the Krisada Mahanakorn group was estimated at Bt4.5 billion.

A Krung Thai Bank witness has testified to the subcommittee, incriminating Thaksin, his wife Khunying Pojaman Shinawatra and their son Panthongtae Shinawatra for ordering the bank to approve the loan.

Others allegedly involved include Manop Divari, father of Sita Divari, former Thai Rak Thai Party spokesman, and the mother of Kanchana Honghern, Pojaman's personal secretary. The panel found that the loan extended to the group was paid to Panthongtae and Manop, executives of How Come Entertainment, run by Panthongtae.

robing banks and stealing from poor people, where would the Thaksin gang stop ?

^^

Originally Posted by Thaihome

March 7, 2007

Amazing how these PADites are so proficient saving the propaganda that the coupists fed them.

This is a 'dump' from 5 years ago for heaven's sake, right after their coup.

Coming one year after their coup, they frenziedly produced huge volumes of stuff trying to self-servingly criminalize those they coup'ed out of existence.

PADites look for every excuse to regurgitate this stuff.

I wonder if Thaksin ever laments winning all those elections.

Suthep, Newin and their ilk, never had to worry about this stuff.

Dems target Thaksin's son | Bangkok Post: breakingnews

Dems target Thaksin's son

• Published: 25/06/2012 at 05:27 PM
• Online news:

The Democrats are seeking criminal law action against Panthongtae Shinawatra, son of former prime minister Thaksin, for alleged involvement in a case involving a 9.9-billion-baht dishonest loan from Krung Thai Bank.

Deputy Democrat spokeswoman Mallika Boonmeetrakul on Monday submitted a letter to Attorney-General Chulasingh Vasantasingh asking for an explanation why the Office of the Attorney-General (OAG) and the National Anti-Corruption Commission, which are handling the case, did not press charges against Mr Panthongtae for allegedly receiving stolen property.

The now-defunct Asset Scrutiny Committee (ASC) accused deposed prime minister Thaksin of pressuring the State-owned KTB to lend 9.9 billion baht to companies under the umbrella of Krisdamahanakorn Plc -- a listed company and major real estate developer that bought up a lot of land around Suvarnabhumi airport before it was built.

Later, the money was allegedly transferred "dishonestly'' to an account held by Thaksin's son Panthongtae.

The OAG has filed malfeasance charges against Thaksin and 26 others, saying the accused acted to support dishonest loan extensions of KTB to help rehabilitate Krisdamahanakorn, and that such acts were fraudulent.

Mr Chulasingh said the charges were filed with the Supreme Court's Criminal Division for Holders of Political Positions and the agencies could not charge Panthongtae because he was not a government official.

However, public prosecutors could file a separate lawsuit against him with the Criminal Court.

Ms Mallika said she was discussing with the party’s legal team whether to directly file a petition demanding further investigation of Mr Panthongtae’s alleged role in the case with the Department of Special Investigation, or The Royal Thai Police Office.

The Supreme Court has set July 25 as the date to decide whether it will accept the case.

Originally Posted by Calgary

^
Coupists continue their campaign of seeking validation on the back of criminalizing those they coupe'd.

If they can impute wrong to others, they think it ascribes affirmation to them.

This illogic idiocy tries to ignore their theft of a country and murder of those who challenged their political thievery.

Electoral democracy is attached to those they coupe'd. Undemocratic power grabs attributes to them.

Not complicated

Not complicated at all.
Another case of Thaksin and his clan stealing from others and then expecting idiots like Calgary to proclaim that it was OK because it happened before 2006.

Winning too many elections is a criminal undertaking in Thailand.

(Please, no coupist indoctrinated propaganda dumps)

Originally Posted by StrontiumDog

However, public prosecutors could file a separate lawsuit

And where the fcuck are the Public Pprosecutors regards the mainstream PAD yellow nutter criminal terrorists, and their lofty patrons, who are responsible for crimes against democracy with illegal coups, and crimes gainst humanity by slaying innocent protestors with sniper headshots on the streets of the capital?

You can't argue with that

I am sure the dems court cases will reach the courts in record time, unlike the cases against them.

Looks like the dems are not very happy about proposed democracy under PT. and you dem supporters come from democratic countries, and wish the suppressed thais to stay exactly were they are.

Shameful

Originally Posted by StrontiumDog

Dems target Thaksin's son

about fucking time, that little prick has a look on his face that looks like a future brutal dictator being groomed by daddy

Like father like son.

Originally Posted by StrontiumDog

while the ex-premier was in power.

No immunity for that one if he's convicted? Happened before any of the proposed immunity start dates I believe?

Second offence (and on the run from the first conviction) should ensure a stiffer penalty as well.

Of course, Coup issued law "court" verdicts are only for laughing at , and don't count

Ask any democracy

You can't argue with that

I do have a good chuckle every time Calgary spouts off about Taksin winning elections.

hahahahahhahahhahahahahahahahahahahahahahahahahaha h

It is almost as if he has never lived in Thailand or spoken to a Thai person about what happens at election time. All elections are bought, through cash to voters and inducements to turncoat politicians to cluster round one rich man or on man who can deliver the right level of graft in the future.

Taksin purchased his elections, they were not just the mere baubles of a rich and vain Chinaman but allowed him to corrupt the country for his and his cronies own ends.

The only bit of the story above that I struggle with is that the Village Idiot, son of the Great Chinaman, was able to get his hands on so much. But then again this family thought they owned Thailand and no one would dare say anything or cross them so no need to hide the money and keeping it in the Village Idiot's bank account was fine. The Rachadapisek land auction is an example where no one dared incur the wrath of the Great Chinaman by bidding against him and demonstartes the arrogance at the height of the Taksin budding dictatorship.

Those were dark days for Thailand, I had never seen such brazen corruption and influence peddling (even in Thailand) and greed.