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Military to strip former Thai leader of fortune

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Published Date: 24 September 2006
THAILAND'S military rulers will investigate the vast assets of toppled prime minister Thaksin Shinawatra and confiscate those he may have gained from corruption and abuse of power during his nearly six years in office.
Members of Thaksin's family have stayed in Thailand while he remains in London amid speculation they want to protect a fortune that soared after the telecoms tycoon-turned-politician took office in 2001.

While he faces losing assets since coming
to power, a well-placed source said: "The assets and money he had before he became prime minister will not be touched."

A spokesman for the leaders of the military coup said Thaksin can go back: "We still consider him a Thai citizen and he is welcome to return to Thailand."

The country's ruling military council, which toppled Thaksin last Tuesday in a bloodless coup, faces a host of urgent tasks, including restoration of peace in southern Thailand, where a Muslim insurgency has killed more than 1,700 people.

Yesterday, four police officers were injured in the first attack since the coup, when a bomb exploded in Pattani province as they prepared security ahead of a visit later in the day by Crown Prince Vajiralongkorn.

Meanwhile, a former bank chief and a former Senate speaker yesterday joined a speculative pool of candidates for the post of prime minister. Former Thai central bank chief Chatu Mongol Sonakul is being tipped because of his fiscal expertise and recognition in the world community.

Military and civilian sources working with the coup leaders said former Senate speaker Meechai Richuphand, who is writing laws for the coup leaders, was also being considered.

All eyes are on the military to fulfil its pledge to pick a leader within two weeks to oversee political reforms and eventual elections. It was Thailand's 18th coup since it became a constitutional monarchy in 1932, but its first in 15 years.



The full article contains 337 words and appears in Scotland On Sunday newspaper.
Page 1 of 1

  • Last Updated: 23 September 2006 9:26 PM
  • Source: Scotland On Sunday
  • Location: Scotland
  • Related Topics: Thailand
 
1

Cynic,

Dalkeith 24/09/2006 14:42:28

You can bet your bottom dollar that any diverted funds will be safely tucked away in a foreign bank where it is out of reach of the Thai authorities. Of course, any sensible Prime Minister from these unstable regions would naturally do the same. As I warned earlier, the military have opened up a can of worms. They have a created instability and uncertainty that will consume them.


 

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