Thaksin Accused By Assets Examination Committee On Deals

[sriracha john]

Regarding the investigation into the controversial procurement of the CTX bomb scanners, the accused Japanese citizen has sent a lawyer to hear the charges, and documents to defend his case were expected to be forwarded to the sub-panel on September 7.

After receiving the documents from him, the ASC sub-panel will forward the investigation result to its assembly.

- Thailand Outlook

[Jai Dee]

MFA reports insufficient translators to handle CTX9000 document translation

The Spokesperson to the Ministry of Foreign Affairs revealed that there are only 26 employees handling the translation of documents pertaining to the CTX9000 explosive detector case.

Director General of Information and Spokesperson to the Ministry of Foreign Affairs Tharit Charungwat (ธฤต จรุงวัฒน์ ) said that his ministry is cooperating fully in translating CTX9000 documents in order to provide the Asset Examination Committee with information related to the CTX9000 explosive detector case. Mr. Tharit revealed that there is an insufficient number of translators to handle the matter as the Ministry of Foreign Affairs is quite small.

The Spokesperson to the Ministry of Foreign Affairs affirms that his agency will expedite translations. Officials have completed 400 pages of translations, with over 1000 pages remaining. Mr. Tharit added that officials are coordinating closely with the Asset Examination Committee and providing continuous progress updates.

Source: Thai National News Bureau Public Relations Department - 09 August 2007

[sriracha john]

Like so many of Thaksin's schemes... poorly thought out... rushed through... and corruptively administered...

Dropouts force big rethink of ODOS

Minister says scheme cannot go on like this

The new version of the One District One Scholarship (ODOS) project will draw up stricter rules for its scholars after nearly 100 students from the project's first two years gave up their decision to pursue an overseas degree and returned to Thailand.

"We may make it a rule that scholars must enroll at top universities and in programmes that respond to the country's needs," Education Minister Wijit Srisa-arn said yesterday. He said such a rule would ensure that the money was well spent.

Launched by the previous administration, the ODOS project has found that many scholars from its first batch were struggling overseas.

In addition to some 90 students heading back to Thailand, 160 others were unsure whether they could complete their overseas undergraduate courses.

About 96 other grantees will also need more time than usual to complete their courses.

When asked why the students could not live up to expectations, Wijit said scholars in their first year were not properly prepared as they were rushed into going abroad.

"Some are children of political canvassers," he added, hinting that they might not be the cream of the provinces.

Wijit said most of the students who had returned to Thailand had now chosen to pursue a university degree in social sciences at private universities in Thailand. "This is not the field the country needs," he said.

Since the interim government came to power late last year, it has renamed the ODOS project the Community Development Scholarship project.

The project will reduce the number of scholars each year and will search for more "qualified" candidates.

Wijit has now asked the Office of the Civil Service Commission and the Office of the Higher Education Commission to draw up detailed reports on the scholars' choices of higher-educational institutes and their fields of study.

"It will not be worth it if the scholars enroll in unwanted courses at substandard institutes," he said.

He said the scholarships were intended to ensure that brilliant students received education at great institutes so that they could make a contribution to the country's development.

Although the scholarship does not require the students to offer their services to the government after their graduation, they are required to return to Thailand.

- The Nation

[TAWP]

Not the cream of the provinces that got the scholorships - what a shocker!

Are the Thaksin-appologetics going to come running here soon? This and the 'successfull' 30 baht-scheme is so often held up as symbols of his support for the 'working people'...

[hammered]

Like so many of Thaksin's schemes... poorly thought out... rushed through... and corruptively administered...

Dropouts force big rethink of ODOS

Minister says scheme cannot go on like this

The new version of the One District One Scholarship (ODOS) project will draw up stricter rules for its scholars after nearly 100 students from the project's first two years gave up their decision to pursue an overseas degree and returned to Thailand.

"We may make it a rule that scholars must enroll at top universities and in programmes that respond to the country's needs," Education Minister Wijit Srisa-arn said yesterday. He said such a rule would ensure that the money was well spent.

Launched by the previous administration, the ODOS project has found that many scholars from its first batch were struggling overseas.

In addition to some 90 students heading back to Thailand, 160 others were unsure whether they could complete their overseas undergraduate courses.

About 96 other grantees will also need more time than usual to complete their courses.

When asked why the students could not live up to expectations, Wijit said scholars in their first year were not properly prepared as they were rushed into going abroad.

"Some are children of political canvassers," he added, hinting that they might not be the cream of the provinces.

Wijit said most of the students who had returned to Thailand had now chosen to pursue a university degree in social sciences at private universities in Thailand. "This is not the field the country needs," he said.

Since the interim government came to power late last year, it has renamed the ODOS project the Community Development Scholarship project.

The project will reduce the number of scholars each year and will search for more "qualified" candidates.

Wijit has now asked the Office of the Civil Service Commission and the Office of the Higher Education Commission to draw up detailed reports on the scholars' choices of higher-educational institutes and their fields of study.

"It will not be worth it if the scholars enroll in unwanted courses at substandard institutes," he said.

He said the scholarships were intended to ensure that brilliant students received education at great institutes so that they could make a contribution to the country's development.

Although the scholarship does not require the students to offer their services to the government after their graduation, they are required to return to Thailand.

- The Nation

I wonder which party they canvass for and I wonder how other peole's ID cards they are currently holding.

[sriracha john]

yet another of his gems....

92 people summoned to testify about Ua Athon housing project scandal

Department of Special Investigation (DSI) has been asked to issue summon warrants for 92 people to give testimony about the Ua Athon housing project.

Police Col Suchart Wongananchai, commander of foreign affairs and international crime cases said yesterday that Kaewsan Atibodhi, secretary to the Assets Examination Committee's subcommittee which probes the irregularities in the Ua Athon housing project requested the DSI to issue the 92 summons.

All 92 people will be asked to give statements next week.

Anti-Money Laundering Office (Amlo) officials have been helping the AEC officials to investigate the routes of money used in the project and who finally possessed the money.

- The Nation

Edited August 12, 2007 by sriracha john

[sriracha john]

The list of Thaksin's scandals and scams grows even longer.... again typified as.... hastily thrown together and with cronyism that lined the pockets of his buddies with billions of taxpayer's money....

Chiang Mai mega-projects frozen

Two controversial Chiang Mai mega-projects from ex-prime minister Thaksin Shinawatra's administration - an elephant reserve and a cable car to Doi Suthep - have been postponed indefinitely due to the possibility of negative effects on the fragile ecosystem of the Doi Suthep-Pui National Park.

However, the Chiang Mai Night Safari will remain open for the time being, said members of a forum held last week to discuss the future of all three projects.

The forum was hosted by Deputy Prime Minister and Social Development and Human Security Minister Paiboon Wattanasiritham, who admitted that the Night Safari and the pending projects had created conflict and consternation amongst Chiang Mai residents.

He added that a Special Zone Development (Public) Organisation for Sustainable Tourism had been created to provide participation from all sectors involved in the present and future projects, in order to benefit all concerned.

While the long-term future of the Night Safari is uncertain, Paiboon said it would be difficult to close it down at this time, but improvements and some changes were justified.

He hopes that these changes will satisfy all parties who have objected to the tourist attraction in the past.

The management of the Night Safari will be transferred to the Natural Resources and Environment Ministry, and there is a possibility that an advisory committee made up of local residents will be created in order to involve the community in the initiative.

The Doi Suthep-Pui National Park, which covers 160,000 rai of land - including the distinctive Phra Thad Doi Suthep Temple, overlooking the city of Chiang Mai - has been consistently eroded over the years by various governmental and private organisations, and is under threat by the continued development proposals.

The park contains more orchid, bird and butterfly species than Kao Yai National Park, which is eight times its size. It is home to more than 350 species of birds (Europe has 700 species) and 320 new species of plants and 200 new species of animals have been discovered in the area to date.

The halt of any more man-made projects that would affect this Chiang Mai treasure trove would be warmly welcomed by Chiang Mai residents and environmentalists.

- The Nation

[A_Traveller]

From Reuters site, link below:-

Acting on a complaint from a fellow professor at Silpakorn University, police are investigating whether Boonsong insulted King Bhumibol Adulyadej by asking his first-year students to debate the role of the monarchy in exams in 2005 and 2006....

ABOVE CRITICISM?

Revered as a champion of the poor and a pillar of stability through many crises and coups, only the most delicate portrayal of the King and his family is acceptable -- even though the monarch said publicly in 2005 he was not above criticism....

Boonsong has not been charged, but police have interviewed students and other faculty members at the leafy campus in Nakhon Pathom on the outskirts of Bangkok.

"We are collecting information," Police Colonel Passakorn Klanwan said. "We are looking at the intent of his teachings".

ECHOES OF MCCARTHY

Insisting he did nothing wrong, Boonsong has refused to hand over the marked exam papers, saying it would violate his students' rights and could expose them to allegations of lese majeste.

"This is like McCarthyism," the bespectacled professor with shoulder-length hair told Reuters, referring to the 1950s anti-communist witchhunts in the United States....

Link

Regards

/edit My connexion went west, so just quickly, this does concern me, there is an element of pour encourager les autres in this action, let alone the question of academic expression and enquiry. Also see SJ has posted a link to this as well.

Edited August 13, 2007 by A_Traveller

[ColPyat]

Regards

/edit My connexion went west, so just quickly, this does concern me, there is an element of pour encourager les autres in this action, let alone the question of academic expression and enquiry. Also see SJ has posted a link to this as well.

Cases such as this are of utmost concern. In present Thailand a lose interpretation of this law by the powers that are has already led to silencing of criticism of the new national economic policy (part of the constitution draft) even by academics.

Many Thaksin opponents in the academia are now warning against trends of intimidation of the government even worse than under Thaksin.

[Jai Dee]

Argumentative posts have been deleted from this topic.

You know the rules guys... please abide by them.

/Edit - and please keep speculation of lese majeste to yourselves. It's OK to quote news bulletins stating lese majeste charges may have been made, but we do not want any speculation about it here on the forum.

Thanks for your understanding.

Edited August 14, 2007 by Jai Dee
Additional comments added.

[Jai Dee]

AEC issues 11th order to freeze Bt232 million worth of assets

The Assets Examination Committee Tuesday issued its 11th order to freeze Bt232 million more of assets of a sister and son of former prime minister Thaksin Shinawatra.

The order froze Bt202 million worth of assets of Yinglak Shinawatra, a sister of Thaksin and Bt30 million worth of assets of Panthongtae Shinawatra, the son of Thaksin.

Source: The Nation - 14 August 2007

[sriracha john]

ASC chairman Nam Yimyaem said yesterday the committee was ready to submit four more cases against Mr Thaksin to the Attorney-General's office. They concern alleged irregularities in the procurement of CTX luggage scanners for Suvarnabhumi airport, the purchase of 90 million rubber saplings, a low-cost housing project for the poor, and the four-billion-baht credit for Burma through the Export-Import Bank.

Continued here:

http://www.bangkokpost.com/News/16Aug2007_news01.php

[Jai Dee]

Thaksin lawyer asks 7.8bln be unfrozen

Lawyer of Shinawatra family handed a letter to the Assets Scrutiny Committee on Thursday, asking it to unfreeze family assets worth 7.8 billion baht in seven days. Lawyer Wimon Songsermsakul asked the ASC to unfreeze assets under two companies -- OAI Management Co and Worth Supply Co.

Mr Wimon claimed assets under the two companies have nothing to do with alleged corruption cases that are under probe of the ASC.

More from the Bangkok Post here.

[sriracha john]

ahhhh.... just like the Thaksin of old.... sue for a Billion and a half

Thaksin attorney to file defamation lawsuit against DSI chief

BANGKOK - Former prime minister Thaksin Shinawatra planned to have a lawyer file a 1.5 Billion Baht libel lawsuit Thursday against Department of Special Investigation (DSI) chief Sunai Manomai-udom, regarding SC Asset stock concealment charges.

Noppadol Pattama, legal adviser to the Shinawatra family, said the 1.5 Billion Baht (US$43 million) defamation lawsuit will be lodged with the Civil Court against the DSI chief who had earlier made accusations charging Mr. Thaksin and his spouse, Pojaman, as guilty of the SC Asset stock concealment charges.

The lawyer had earlier taken legal action at Wang Noi police station in Ayutthaya against the DSI chief, who had further claimed he had obtained evidence which allegedly found the deposed prime minister guilty as charged.

Such accusations, which are yet to be proven either way in court, had resulted in grounds for the accused to file the libel lawsuit against the accuser, Mr. Noppadol said.

- MCOT

============================================================

What??? No self-righteous, insane claim that being accused tarnished his sterling silver reputation???

Perhaps that seemingly obligatory, redundant, add-on is, nowadays, just assumed.

[John K]

This is actually significant. Because of the huge amount of money selected by Thaksin it does reflect his mental state. He is trying to scare off his pursuers much like an animal would show it’s teeth and snarl. The increasing large sums of money very likely are in direct per portion to his anger. Also the fact that he sent his lawyers back for a second round of get my money unfrozen after they were told Thaksin needs to come in person is another sign of his increasing frustration. That 12000 km screwdriver is a bit difficult to use.

To sue a government body because it is doing it’s job is totally absurd. Whether Thaksin sues or not both will be decided by a judge. Every time he files something with the courts he without words is saying they are a valid and properly functioning entity.

[sriracha john]

Unusual cash transfers detected

The Bank of Thailand has detected unusual transfers of money into bank accounts of a former executive of the New Bangkok International Airport Co (NBIA). This has prompted an Assets Scrutiny Committee (ASC) sub-panel investigating alleged corruption in the procurement of the CTX bomb scanners for Suvarnabhumi airport to ask it to trace the money trail thoroughly. The NBIA was a subsidiary of Airports of Thailand that supervised Suvarnabhumi airport's construction. A source said officials of the central bank had reported to the ASC's sub-panel that they had detected unusual transfers of huge amounts of money into accounts held by a former NBIA executive. The panel has asked the bank to find out from which accounts the money was transferred. The central bank has also been asked to check the accounts of four or five people, including politicians, suspected to have been involved in the CTX luggage-scanner scandal. The ASC has already filed criminal charges against deposed prime minister Thaksin Shinawatra, Mr Suriya and 21 other officials for dishonest performance of duties involving the hiring of inexperienced contractors and accepting overpriced quotations. Mr Suriya was asked to defend himself against the charges, but he has failed to show up.

Continued here:

http://www.bangkokpost.com/News/27Aug2007_news11.php

=====================================================

He still hasn't shown up????

... anyone with a bleeding rectum for that long would need transfusions....

Edited August 26, 2007 by sriracha john

[Jai Dee]

Ex-PM sues chairman of AEC subcommittee

Former Prime Minister Thaksin Shinawatra (ทักษิณ ชินวัตร) files a 1.5-billion lawsuit against the chairman of a subcommittee under the Assets Examination Committee (AEC) alleging him of authorizing additional loans to Myanmar.

Lawyer of the ex-PM Sapphawit Khongkhanoi (สรรพวิชช์ คงคาน้อย) represents his client in suing Wiroj Laohaphan (วิโรจน์ เลาหะพันธุ์), chairman of the subcommittee scrutinizing the release of a 4-million baht loan by the Export-Import Bank of Thailand (EXIM) to Myanmar. According to the lawyer, Mr Thaksin decided to sue the chairman as the latter earlier claimed that the release of loan was authorized to facilitate the operation of the Shin Satellite, a company owned by Mr Thaksin’s family. The lawyer said Mr Wiroj’s remark on the release of loan is misleading, creating misunderstandings from the general public that the deposed PM sought benefits for his family.

The Civil Court has accepted to consider the lawsuit. It is scheduled to discuss details of the case on November 27th at 13.30 hrs.

Source: Thai National News Bureau Public Relations Department - 28 August 2007

[sriracha john]

it's no wonder that corruption under Thaksin has been accurately described as "unprecedented".....

15 Billion Baht of lottery proceeds misused, AEC says

A panel of the Assets Examination Committee (AEC) yesterday estimated the damage incurred by the Finance and Interior ministries from the two- and three-digit lottery scheme at 37 Billion Baht.

Udom Fuangfung, chairman of the AEC panel probing the irregularities in the lottery scheme, said that of the 37 Billion Baht, 15 Billion Baht was misused by the Government Lottery Office (GLO).

That sum included the tax income from gambling that the GLO should have submitted to the Interior Ministry at 10 per cent - it gave only 0.5 per cent - and the 7-per-cent value-added tax that the Finance Ministry should have received from the lottery sale.

"The Thaksin Cabinet, which approved this lottery scheme, must be solely responsible for the damage and some GLO officials will shoulder responsibility for the damage that they approved," he said.

The AEC will ask the Finance and Interior ministries to file complaints against those responsible, Udom added.

- The Nation

[jumnien]

from today's Post:

Gen Sonthi's visit and cosy reception by the Burmese junta could send wrong signals to Asean and the rest of the international community.

What outsiders will see are two military dictators of sorts shaking hands and smiling, while the people in their respective nations are struggling for freedom and democracy. That is not the image that we as a nation should be sending.

Sonthi's AEC is having less credibility ever day...

[sriracha john]

From the same off-topic article:

Despite recent political events at home and the Sept 19, 2006 coup, Thailand is not on a par with Burma in terms of repression and lack of democracy.

Edited August 31, 2007 by sriracha john

[jumnien]

Here's the whole article from today's post that you quoted from:

Trip to Burma ill-considered

Outgoing Army Commander-in-Chief Gen Sonthi Boonyaratkalin's recent trip to Burma to meet with top-level military figures in the ruling junta there was misguided at best, and wholly inappropriate at worst.

Although Gen Sonthi retires from the military at the end of next month, there was no real need for him to go and "assure" the Burmese junta that Thailand's policies towards Burma would continue unchanged in his absence.

Such high-level policy decisions are for the government to make, not an outgoing commander-in-chief of the Army.

Gen Sonthi met with the chairman of Burma's State Peace and Development Council, Senior General Than Shwe and Burmese army chief General Maung Aye in the new administrative capital of Naypyidaw during his two-day visit that began last Monday. It was one of a number of trips to neighbouring countries over recent weeks - including Indonesia, Malaysia and Singapore - that seem to have gone under the radar of the local press.

But Gen Sonthi was not in Burma only as commander-in-chief of the Royal Thai Army; he was also representing Thailand as the chairman of the Council for National Security and architect of the current political set-up in Thailand. As such, Gen Sonthi's visit and cosy reception by the Burmese junta could send wrong signals to Asean and the rest of the international community.

What outsiders will see are two military dictators of sorts shaking hands and smiling, while the people in their respective nations are struggling for freedom and democracy. That is not the image that we as a nation should be sending.

Despite recent political events at home and the Sept 19, 2006 coup, Thailand is not on a par with Burma in terms of repression and lack of democracy. But Gen Sonthi's pandering to the Burmese junta, particularly if he manages to get himself into politics next year, sends out an entirely wrong message not only to the world, but to the people of Burma as well.

The visit was also extremely inappropriate and damaging, considering recent developments in Burma where protests have erupted in various places around the country following shock price hikes for fuel. Burmese citizens last week, at great risk to their lives and liberty, tried to stand up to their repressive leadership by protesting against the price hikes that they say will make life even more impossible in the secretive state. Bus fares immediately doubled following the price hikes and from there, basic produce and other goods will also surely rise in tandem with the increased costs for state-controlled oil and gas.

Our neighbouring citizens risked their lives in a rare show of dissent against the military junta in Burma and many were "arrested" or attacked by state-sanctioned thugs in a country where law and order has all but disappeared. And did they get support or encouragement from their neighbours? No. All they saw was the de facto leader of one of their nearest neighbours getting along swimmingly with their repressive dictator.

Gen Sonthi's smiling pictures taken with the Senior Gen Than Shwe and other top figures in the Burmese junta will do nothing to end the repression that our Burmese neighbours have been struggling under for decades. Constructive dialogue and mutual engagement are clearly not working in Burma.

Thailand should stand with the other major forces in Asean and start placing stronger demands on Burma to move closer towards democracy - not give the junta tacit approval for gross human rights abuses and continued oppression of its people.However, under Thailand's present leadership, any such calls would only be seen as hypocritical. Therefore, the best thing for the current leadership to do is remain quiet and wait for a democratically-elected government to make any promises to Burma if it so wishes. Until then, Gen Sonthi should put his passport away and stay at home and concentrate on other matters, such as the insurgency in the deep South, and leave the international politicking to others.

[Plus]

We don't know what Sonthi said about recent demonstrations.

He could have asked Burmese not to use violence against current demonstrations, and so far they haven't.

Smiling for the cameras could mean anything.

[hammered]

from today's Post:

Gen Sonthi's visit and cosy reception by the Burmese junta could send wrong signals to Asean and the rest of the international community.

What outsiders will see are two military dictators of sorts shaking hands and smiling, while the people in their respective nations are struggling for freedom and democracy. That is not the image that we as a nation should be sending.

Sonthi's AEC is having less credibility ever day...

Gen. Sonthi will have to give the Burmese Junta quite a lot to actually cathc up with what Mr. Thaksin gave them to get a few personal business deals through. At least that is one thing that military and non-military Thai leaders seem agreed on - cosying up to the Burmese Junta.

[TAWP]

sunrise07>> Is this the best defence you can come up with for Thaksin's honor?

[marshbags]

The Nation..Sunday...02-09-2007

Ref url:-

http://www.nationmultimedia.com/2007/09/02...cs_30047405.php

Quote:-

Write all contracts in Thai: Jaruvan

Auditor-General Khunying Jaruvan Maintaka yesterday called for a Cabinet resolution to instruct every government agency to specify Thai as the principle language in case of a contractual dispute.Published on September 2, 2007

Jaruvan spoke in reference to many controversial contracts, including the purchase of CTX bomb-detection equipment for Suvarnabhumi Airport, signed in English by the ousted government.

"I think every government contract should be written in Thai with a second copy in English or other languages," she said.

Past contracts, except those concluded under the Thaksin Shinawatra government, were done in Thai, she said.

The Cabinet should remind relevant authorities about the principle language in order to prevent any attempts to evade the scrutiny of contractual provisions, she said.

She said she had once raised the issue with General Pongthep Thespratheep, secretary-general to the Prime Minister's Office, but had not got any response.

In another development, the Office of the Auditor-General has sent a memorandum to the Transport Ministry to revise the rule for evaluation of property-tax liability.

The issue came up after a financial audit of the State Railway of Thailand (SRT), which is under the supervision of the ministry.

Based on the audit, the SRT has leased a plot on Kamphaengphet 2 Road for five years commencing in 2005. It evaluated the property tax as Bt5.97 million and collected the payment from the developer in advance.

It then found out that the actual liability was Bt65.7 million and that it was obliged to shoulder the difference because of its undervaluation.

Unquote.

Yet another scam to cover up dodgy dealing....the conniving B******S

marshbags

P.S.

I,m beginning to get a little confused as to wether this post and others in this context are on topic / allowed

It seems to me certain individuals are repeatedly intent on diverting all and everything into chaos, not only in this thread but many others.

Edited September 2, 2007 by marshbags

[jumnien]

sunrise07>> Is this the best defence you can come up with for Thaksin's honor?

I think Thaksin's honor is independent of my postings. I am more concerned with the judge and jury that arrived on 14 tanks than the accused.

[marshbags]

sunrise07>> Is this the best defence you can come up with for Thaksin's honor?

I think Thaksin's honor is independent of my postings. I am more concerned with the judge and jury that arrived on 14 tanks than the accused.

It may be more beneficial to forward your agenda on the why,s and wherefores of the many posts you keep submitting by opening up a thread that is dedicated to your obvious agenda.

No further comment

marshbags

P.S.

This thread, just to assist you, in the best possible way, is entitled:-

Thaksin Accused By Assets Examination Committee On Deals, Ousted PM set to face charges

Edited September 2, 2007 by marshbags

[jumnien]

Given that there has been a military coup, it's advisable to look at who is doing the accusing and the obvious conclusion that it would be better for everyone to wait until marshall law is lifted, an election can take place, and an elected government can be in place before investigations and possible prosecutions can take place. This whole issue has been a smokescreen to divert attention from the coup. First things first, military get out.

[Tony Clifton]

sunrise07>> Is this the best defence you can come up with for Thaksin's honor?

I think Thaksin's honor is independent of my postings. I am more concerned with the judge and jury that arrived on 14 tanks than the accused.

I seem to remember them being in place previous to the coup while the man was still on the horse.

Let me guess, judge and jury were coerced by an influential figure?

[sriracha john]

Banks rip President Agri for not paying

Local bankers insist that President Agri Trade has deliberately defaulted on its loans despite the ability to pay. The bankers pointed to the company's rice exports of 200,000 tonnes in the first seven months of the year as evidence that it had adequate cash flow. But none of the funds have been repaid to creditors, who are owed 9.5 billion baht among nine banks, including Bangkok Bank, TMB Bank and Krung Thai Bank. Bank executives said they had given up on a negotiated settlement, and were taking legal action. ''The export numbers alone are cause for suspicion. Where has the money gone? The company has always insisted that it needs more credit,'' one banker said. ''But if you look at the export figures, at 10,000 baht per tonne, the firm should have incoming cash flow of at least two billion baht in the first seven months.'' The Assets Scrutiny Committee has alleged that the company paid kickbacks to former politicians of the Thaksin Shinawatra government to win contracts to build housing units under the Ua-arthorn housing programme. Other investigations are focusing on the company's success in winning export contracts during the Thaksin government and alleged fraud in rice transfers from the Public Warehouse Organisation.

Continued here:

http://www.bangkokpost.com/Business/06Sep2007_biz36.php