---- Of course there is.Quote:
Originally Posted by dirtydog
Thais seem to have different standards than falangs. Funny thing that.
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---- Of course there is.Quote:
Originally Posted by dirtydog
Thais seem to have different standards than falangs. Funny thing that.
Thaksin's Sister Faces Legal Challenge - WSJ.com
Thaksin's Sister Faces Legal Challenge Ahead of Vote
By JAMES HOOKWAY
BANGKOK—Yingluck Shinawatra is leading opinion polls in the race to become Thailand's next leader, but a legal challenge to prevent this 43-year-old businesswoman from becoming prime minister is already under way and could presage another summer of instability for one of Southeast Asia's most fractious nations.
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Associated Press Yingluck Shinawatra arriving for a campaign rally in Bangkok on Thursday.
The challenge centers on Ms. Yingluck's powerful brother, former Prime Minister Thaksin Shinawatra, who now helps advise Ms. Yingluck's campaign for the July 3 vote from his home in Dubai after Thailand's army ousted him from power in a 2006 coup.
Officials with Ms. Yingluck's party Puea Thai, or For Thais, Thursday filed a defamation complaint with police against two independent activists after they accused her of perjuring herself in court in order to help Mr. Thaksin keep a large chunk of his fortune. Well-known Thaksin critic Tul Sitthisomwong and former government investigator Kaewsun Atibhodhi this week said Ms. Yingluck lied when she told Thailand's Supreme Court last year that she bought 20 million baht, or $660,000, worth of shares in the telecommunications company Mr. Thaksin founded, Shin Corp.
Thailand's Supreme Court last year ruled that Shin Corp. profited unfairly from government policies during Mr. Thaksin's premiership, and ruled that some $1.46 billion of his assets be confiscated after concluding they were illegally earned. The court also said Mr. Thaksin had attempted to conceal ownership of shares in order to circumvent rules prohibiting politicians from owning stock. The court didn't specifically discuss Ms. Yingluck's testimony or shares. Mr. Thaksin's family sold all their shares in the firm to Singapore's Temasek Holdings Pte. Ltd. in 2005.
Dr. Tul, a medical lecturer, and Mr. Kaewsun are using the perjury allegation to push prosecutors to bring a case against Ms. Yingluck with the goal of preventing her from taking office if her party forms the next government. They couldn't be reached to comment. State prosecutors haven't acted on their accusations.
For Thais party spokesman Prompong Nopparit described the allegation as a smear tactic, and Ms. Yingluck indicated Thursday that she was untroubled by the claims. "I knew what to expect when I entered politics so I'll just do what I can and leave the rest to the legal process," she said while campaigning in Bangkok.
Analysts say a legal challenge could also heighten anxiety among investors who already are on edge about the prospect of mass protests or even a coup in the aftermath of July's elections.
"We're going back to the old battle between the pro- and anti-Thaksin forces," said Pavin Chachavalpongpun, an expert on Thai politics and a fellow at the Institute of Southeast Asian Studies in Singapore. "This is very likely to be a pre-emptive to move to prevent Mr. Thaksin's supporters from getting back into power."
Since the army removed Mr. Thaksin from office in 2006, accusing him of corruption and plotting to undermine Thailand's revered monarchy, Thailand's courts have played a significant role in the country's ongoing political drama.
In 2008, Thailand's Constitutional Court, which rules on political matters, removed two pro-Thaksin premiers, one for accepting token payments for appearing on a television cooking show and the other for buying votes. The Supreme Court, meanwhile, convicted Mr. Thaksin of corruption—a charge he denies—and sentenced him to two years in prison in addition to seizing a large chunk of his fortune, which it ruled was gained illegally.
Mr. Thaksin's supporters and many other Thais now consider the country's judiciary to be heavily politicized. Analysts say that perception helped trigger last year's political crisis here, when tens of thousands of Mr. Thaksin's supporters took to the streets of Bangkok to demand that the army and judiciary stop interfering in politics.
Clashes between protesters and security forces led to the deaths of 91 people, and further widened the gulf between prosperous Bangkok and vote-rich but economically struggling rural parts of the country where support for Mr. Thaksin continues to be strong.
Recent opinion polls indicate that Ms. Yingluck is leading current Prime Minister Abhisit Vejjajiva in many parts of the country. The election race, however, is so tight that analysts say neither For Thais nor Mr. Abhisit's Democrat Party is likely to secure an absolute majority in Parliament and will have to rely on the cooperation of smaller parties to form a coalition government.
So much is obvious to anybody except the most rabid Thaksin haters.Quote:
Originally Posted by Hampsha
how anyone in their right mind can claim change with that leader when all they do is change a fascist regime for another one
if Thaksin was serious about change, he would embrace a real socialist agenda, not a sinister populist agenda
"sinister populist agenda" :rofl:Quote:
Originally Posted by Butterfly
You are dribbling again Butters....
Is he going to ban ladyboy bars? Is that what you are upset about?
^ must be that cognitive disconnect again,
no I am upset that he will put the farmers and the peasants more into debt so he can control them more easily
Econ 101 is not your strong isn't it ? :mid:
He controls them by putting them into debt?Quote:
Originally Posted by Butterfly
Did one of your ladyboy friends spike your drinks again?
It is not unusal for a business to borrow money. So why do you say farmers cannot not do the same.
The quote below relates the origin:
The fact that Thaksin was confident enough was confident enough to go thru with the deal, then claim no knowledge shows the control he had over the judiciary, unless of course you believe he had no prior knowledge.Quote:
Thaksin himself fanned the flames with the sale of his company, Shin Corporation, for 73 billion baht to the investment holding Temasek, after Shin’s share value had tremendously increased since 2001 during Thaksin’s time in office. With this transaction, important government concessions for the biggest mobile phone network and the satellite monopoly, a low-cost airline, a television channel, an Internet service provider, a marketing firm, and others in effect became the property of the government of Singapore, which is the owner of Temasek.[iii] This sale to a foreign government was engineered by a Thai prime minister who had founded his political party on nationalist sentiments, even calling it “Thais love Thai” (Thai Rak Thai, TRT). Matters were made worse by the fact that the sale obviously had been meticulously planned over many months by a number of Thaksin’s close legal and management confidents, with the probable aim of avoiding payment of a single baht of tax for this sale.[iv] Hardly any observer was prepared to believe that Thaksin was as surprised by the sale of his own company to Singapore as everybody else. Yet, this had to be his official line of defense because Article 209 of the Thai Constitution stipulates strict separation of executive political power from the pursuit of private business interests. Members of the cabinet must not hold any shares in companies, and they must also not take part in any management decisions.[v] Furthermore, the sale raised the question of whether Thaksin had used the relationship he had built in his capacity as prime minister of Thailand with the prime minister of Singapore for gaining private profit.
It was plainly obvious that he had used his position to corruptly enrich himself massively, yet nobody acted against. This flies in the face of all the claims he was fighting the blue bloods and their judiciary. The tables have turned now TiT. Not to mention that the sale of such important national assets to a foreign power showed his nationalistic rhetoric is complete BS.
Sure he is extremely popular, but how many of his poor fans know and understand the details of this case?
The case against his family, politically motivated or not, are extremely serious and should proceed.
yes, like a landlord in the Middle AgeQuote:
Originally Posted by DroversDog
it's perfectly ok to borrow money for a business, nothing wrong with that, but being overleveraged in debt like farmers tend to be is the issue hereQuote:
Originally Posted by DroversDog
So where are your stats that backup that Thai farmers are more unlikely to over-stretch themself then over forms of business.Quote:
Originally Posted by Butterfly
The stocks of his company rose with the StockMarket average. How is that massively enriching himself?Quote:
Originally Posted by Buksida
Also it was business dealings which profited the economy as a whole. That is not the same as making shady dealings at the expense of the state budget and enriching yourself on kickbacks.
At least that is what I gathered going through many discussions here on Teak Door.
Yes formally it may qualify as corruption but it is a Third World country as so many are never tired of emphasizing. And I don't see damage to the economy and the state budget there.
the stock price doesn't mean anything, the revenues of the company went through the roof though, much faster than the average Thai companies listed on the SETQuote:
Originally Posted by Takeovers
here goes your moral compass again :mid:Quote:
Originally Posted by Takeovers
Not forgetting that for most, their farm is a business.....Quote:
Originally Posted by DroversDog
You posted somebody else's words as your own... The man was not involved in this conversation, and in no way can his words be considered in context.Quote:
Originally Posted by Buksida
Notice, however that I sent you a green on his comments (that I thought at the time were yours...); saying that I agreed with most of the post... You seem to have kept that fact hidden...
Lastly, both you and SD have defended your practice of lying. It is NOT okay to cut and paste from leading authorities/academics and claim the words/mind as your own. You two are beyond help...
Cases against Yingluck final: SEC
ELECTION
Cases against Yingluck final: SEC
13 June 2011
By The Nation
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The Securities and Exchange Commission insisted that its proceedings against Yingluck Shinawatra, per her involvement in the Shin Corporation Plc's share scandal, is final.
The SEC said in the statement, issued following requests from a pro-democratic group that the agency takes action against Yingluck - a prime minister hopeful, that the agency has carried out all its tasks within the specified scope of authority.
Per the requested action against Yingluck for her alleged shareholding in Shin Corp and Ample Rich Investments on behalf of former prime minister Thaksin Shinawatra and Khunying Pojaman Na Pombejra, the SEC said that it filed charges against Thaksin and Pojaman to the Department of Special Investigation on April 28, 2010. The DSI and the public prosecutors later concluded not to launch a court proceeding against the case. The SEC noted that under the securities law, Yingluck did not breach the law for not filing reports on her shareholding given that her shareholding is less than 5 per cent of Shin Corp's capital.
"The SEC has submitted all evidence to the DSI and the National Anti-Corruption Commission. The SEC has completed its part concerning the securities law," it said.
Per the request for investigation on Yingluck's statement in 2006 that the Shinawatra family had no involvement in two funds associated with Win Mark Co Ltd despite the later proof that Thaksin and Pojaman owned the funds, the SEC said that it could not do so.
It said that under the Securities and Exchange Act's Article 238, the SEC could take actions only against those falsifying facts to misleading others on a listed company's share prices and financial status. In this case, it involved only the shareholding issue, not the prices or financial facts.
Most polls show that Yingluck's Pheu Thai Party is the most likely to lead the new government and Yingluck is consequently tipped to become the new prime minister.
It is looking pretty clear who will be forming the next government, although there may be a two party coalition. Rather than taking potshots at Yingluck the Democrats would be wise to buy a few suitcases, stuff them with cash and book flights out of here for 4th July.
^Though, to quote a "member" here: "Unless....."
and still no local media pics of the obvious numbers at the PT rallies ,
nor any pics in either local OR international media of comparable numbers at Dems shindigs .
Wasn't last Friday supposed to be a deliberately rare "mass" Dem rally in BKK? Haven't noticed any coverage of it..... Maybe the timing clashed with some "must see" thing on TV?Quote:
Originally Posted by Mid
Not sounding as though this is going to be a runner. Lots of hype and column inches dedicated to a lot of hot air and speculation.Quote:
Originally Posted by SteveCM
Unless someone manages to concoct an offense out of thin air. Hey, it could happen here. Just about everything does eventually.
However, it might be that the Dem's are hatching another plot...
the company was registered in the bahamas ..
which was a wise business decision .. not a policy i support .. but legal
i have always it was an 'enron like' move .. legal but real distasteful
he demanded man city players bow to him .. legal but real funny
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his acquiring such massive assets due to the favorable business landscape he orchestrated is not legal thus making all of his business actions illegal.
+ there was all sorts of tax code / sale price fraud involved with transfers of stock to his kids.
Thaksin's wife, poki-mom, has been convicted of tax evasion & fraud. She fled Thailand after being sentneced to prison for stealing 546,000,000Thb
2008.Thaksin's daughter helds the most stock in the Thai stock market of any individual
did the sheik like wealth of his family (outside his mega-sheikly frozen assets) help somchi's rise to leadership .. baht speak
how much tea money would one 'invest' in getting his billions in frozen baht.
he encourage the 'spring 2010 tire burning festival' (quite amazing how thailand got siam sq, pra ram si & lupini park looking quite good .. 4 weeks?
I have always felt his mai noi was worthy of an enhanced bar fine & dinner indoors.
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<iframe width="425" height="349" src="https://www.youtube.com/embed/hLW1G1vhxWM" frameborder="0" allowfullscreen></iframe>
YouTube - ‪
double post ..
^ If it looks like shit, feels like shit, and smells like shit.......its shit :)
Bangkok Post : Yingluck in the clear with SEC
News > Politics
Yingluck in the clear with SEC
Tul says verdict intended to 'protect' ShinawatrasThe Securities and Exchange Commission has cleared Pheu Thai Party's No.1 list candidate Yingluck Shinawatra of accusations that she broke securities law, insisting that its investigation into her had been concluded.
- Published: 14/06/2011 at 12:00 AM
- Newspaper section: News
https://teakdoor.com/images/smilies1/You_Rock_Emoticon.gif Flying high
Yingluck Shinawatra, Pheu Thai's No.1 party-list candidate, takes a helicopter ride from Phrao district to Chom Thong district in Chiang Mai during her trip to promote party candidates in the North.
The SEC investigation was prompted by calls from two groups accusing her of making false transaction reports among other infractions in relation to securities she had allegedly held on behalf of her brother, ousted former prime minister Thaksin Shinawatra.
Kaewsun Atibhodhi, a member of the disbanded Assets Scrutiny Committee (ASC), and Tul Sitthisomwong, leader of the anti-red-shirt Network of Citizen Volunteers Protecting the Land, recently demanded that the SEC probe the alleged irregularities of Ms Yingluck's cases, which were related to an order by the Supreme Court's Criminal Division for Holders of Political Positions to seize 46 billion baht from Thaksin.
They had accused Ms Yingluck of making false transaction reports to the SEC following the court's verdict that she and three other people had held shares in Shin Corp and Ample Rich Investments on behalf of Thaksin and his ex-wife Khunying Potjaman na Pombejra, when he was prime minister.
In addition, they accused Ms Yingluck of making a false statement to the SEC that the Shinawatra family was not associated with two overseas investment funds and Win Mark Co, which together owned Shin Corp and SC Asset Plc.
The SEC found, after she had made her statement, that Thaksin and Khunying Potjaman owned the funds and companies.
Regarding the shareholding in Shin Corp and Ample Rich, the SEC said the agency had lodged a complaint against Thaksin and Khunying Potjaman with the Department of Special Investigation on April 28, 2010, for making false transaction reports for the sale of Shin Corp shares in 2000, 2001 and 2006.
However, the DSI and public prosecutors decided last year not to pursue the case.
The SEC noted that Ms Yingluck had not breached securities law by not filing reports on her shareholding transaction because she held less than 5 per cent of Shin Corp's total shares.
"The SEC has forwarded all evidence concerning the case to the DSI and the National Anti-Corruption Commission," it said in a statement.
Also, the SEC said that the charge that Ms Yingluck had made a false statement was beyond the scope of its authority to take action because it was not related to a listed company's financial status or share prices.
As for the alleged share concealment in SC Asset, the public prosecutors decided not to press any charges against any of the accused, and hence, the SEC would not pursue the case.
"But, if new evidence is found, the SEC is ready to reconsider the cases," it said.
Dr Tul yesterday said the SEC's statement was just another attempt by the agency to help conceal the Shinawatra family's alleged wrongdoings, he said.
"The SEC intentionally overlooked other acts which violated SEC law," he said.
The SEC's statement does not clear Ms Yingluck of the charges, he said.
Dr Tul said his network would lodge a complaint against Ms Yingluck with the DSI next Tuesday.
"We have evidence proving that Ms Yingluck breached SEC law," he said.
Dr Tul challenged the SEC to resign en masse if his network could prove Ms Yingluck committed the illegal acts.
Mr Kaewsun said the SEC's statement was not based on the letter of the law.
He said the SEC had not focused on his allegation that Ms Yingluck made false reports, but instead deflected the issue by saying that she was not required to report because she had owned less than 5% of the shares.