Son of Thailand's ex-PM Thaksin charged with money-laundering

[mark01]

Not politically motivated..... Really!!!!!!!

[sandrew33]

2 hours ago, epicstuff said:

Wasnt it obvious enough for you that the family was on the take?  Even if the stories about his rise to ridiculous wealth from a policemen isn't true, the sheer greed of trying to evade his tax should give a pretty clear measure of their ethics.

The greed of following the same tax law that pretty much every wealthy Thai family used at the time and which was signed off on by the Revenue Authority? 

 

Sure the Revenue Authority changed their tune post coup, but whether you like TS or not, what he did re the tax treatment on that sale transaction was 100% legal under the laws at the time and, again, was a common tax strategy used by most wealthy Thais at the time. It was a strategy widely understood by the largest law/tax firms in the country. 

 

I mention this as a lawyer (from outside Thailand) who practices in international tax law. 

 

But as you were with the rant :) 

Edited October 18, 2017 by sandrew33

[Shroud]

He fooled the poor into voting for him and made the country even more corrupt than ever before, and made it difficult for other businesses to invest and thrive except for his own circle. Thailand is one of the most corrupt countries in the world thanks to this guy. The redshirts are nothing more than unpaid salaries for his rice scheme, but he ain't coming back for sure. Say what you want, but the Coup d'état was necessary. 

Edited October 18, 2017 by Shroud
corrected word.

[sandrew33]

3 minutes ago, Shroud said:

He fooled the poor into voting for him and made the country even more corrupt than ever before, and made it difficult for other businesses to invest and thrive except for his own circle. Thailand is one of the most corrupt countries in the world thanks to this guy. The redshirts are nothing more than unpaid salaries for his rice scheme, but he ain't coming back for sure. Say what you want, but the Coup d'état was necessary. 

 

According to every international measure corruption has been higher in every year (bar one) under the generals and their proxies than it was under TS and his sister. 

 

But it let’s not let facts get in the way of your rambling yellow establishment turd sandwich of a post :) 

[ratcatcher]

3 hours ago, Cuchulainn said:

What a scumbag family.

They may well be, but would you say the same thing about the family of "Boss"boy, the killer Ferrari driver?

[gk10002000]

Of course.  Son, daughter, and other relatives are all fair game now, and some may have done things illegal.  Oh wait, exactly what law and constitution are they using as a basis? Oh and what law made the coup and overthrow legal?

[Jonmarleesco]

5 hours ago, webfact said:

But he made powerful enemies, especially in the Bangkok-based establishment, which saw him and his populist ways as a threat.

Ah, Reuters again. It would be helpful were their reporters to be a little more accurate - as in telling the whole nine yards, not just the odd feet.

[Just Weird]

4 hours ago, observer90210 said:

It this really against the law, the truth  or just another political issue ?....

 

One never knows who is picking on who in politics and who is telling the truth....so just keep away and don't make any comments in public...your stay in Thailand will be smoother....

Is money laundering really against the law?  Nah, of course it's not.

Edited October 18, 2017 by Just Weird

[Just Weird]

3 hours ago, halloween said:

Which part of the word 'monopoly' don't you understand?

 AIS was never a monopoly that made Thaksin rich.  In it's early days it was a disaster.

Edited October 18, 2017 by Just Weird

[observer90210]

14 minutes ago, Just Weird said:

Is money laundering really against the law?  Nah, of course it's not.

You are so right..It is not against the law in Belize, the Caymans, Panama, Delaware (USA), Monaco, the British Virgin Islands, Bosnia Herzegovina, Vanuatu and many more depending on the amount....

Edited October 18, 2017 by observer90210

[Ricardo]

1 hour ago, sandrew33 said:

With respect, are people really this stupid? 

 

He he was found guilty in the Thai equivalent of a kangaroo democracy (let alone kangaroo court).

 

Just to point out that, when Thaksin was found guilty & sentenced back in 2008, his own brother-in-law was PM and his nominee-party PPP was leading the coalition-government  ...  so as you say, it was a "kangaroo democracy" !

[metisdead]

Posts in violation of the following have been removed:

 

11) You will not post slurs, degrading or overly negative comments directed towards Thailand, specific locations, Thai institutions such as the judicial or law enforcement system, Thai culture, Thai people or any other group on the basis of race, nationality, religion, gender or sexual orientation.

[Reigntax]

4 hours ago, AGareth2 said:

what tax was that?

 

He avoided the military taxidermy which is how the military will deal with any popular politician. Stuffed and put on display!

[scorecard]

27 minutes ago, Jonmarleesco said:

Ah, Reuters again. It would be helpful were their reporters to be a little more accurate - as in telling the whole nine yards, not just the odd feet.

 

Very well said indeed!

[Just Weird]

8 minutes ago, observer90210 said:

Not in Belize, the Caymans, Panama, Delaware (USA), Monaco, the British Virgin Islands and so on....

Thaksin's son wasn't laundering money in any of those places but if he was he would still have committed offences because all of those places have anti-money laundering laws in place.  You do know that Delaware is part of the US?

[TSF]

Despicable family. Without doubt the worse thing to happen to Thailand ever. Let's just hope we've seen the end of the horrible Shins. And get rid of this little toad Panthongtae fast.

 

[Deez]

5 hours ago, epicstuff said:

Wasnt it obvious enough for you that the family was on the take?  Even if the stories about his rise to ridiculous wealth from a policemen isn't true, the sheer greed of trying to evade his tax should give a pretty clear measure of their ethics.

Do you know what country you are in? It is a way of life here.

[Baerboxer]

6 hours ago, tracker1 said:

13 years! starting to sound the same as our Cambodian neighbours doing away with the opposition !

 

 

Ironic isn't it that the Cambodian dictator's eternal friend has been squeezed out and prevented from trying to follow suit.

[Baerboxer]

2 hours ago, sandrew33 said:

The greed of following the same tax law that pretty much every wealthy Thai family used at the time and which was signed off on by the Revenue Authority? 

 

Sure the Revenue Authority changed their tune post coup, but whether you like TS or not, what he did re the tax treatment on that sale transaction was 100% legal under the laws at the time and, again, was a common tax strategy used by most wealthy Thais at the time. It was a strategy widely understood by the largest law/tax firms in the country. 

 

I mention this as a lawyer (from outside Thailand) who practices in international tax law. 

 

But as you were with the rant :) 

 

But you missed the little bit out the story, where he by-passed parliamentary procedure and just changed the law himself so he could sell the business to foreign buyers. Change the law and flog the business the next day - how quaint.

[Baerboxer]

2 hours ago, sandrew33 said:

 

According to every international measure corruption has been higher in every year (bar one) under the generals and their proxies than it was under TS and his sister. 

 

But it let’s not let facts get in the way of your rambling yellow establishment turd sandwich of a post :) 

 Which is appalling but doesn't excuse or minimize the corruption of the Shin family, does it?

 

If you are pulled over for speeding, would your defense be that others were driving faster? 

[Baerboxer]

1 hour ago, Just Weird said:

 AIS was never a monopoly that made Thaksin rich.  In it's early days it was a disaster.

 

I'd check that again sport. Thaksin was granted a monopoly which meant he could insist people had to buy their phone from his company as well as mobile services. No do, no service.

[scorecard]

3 hours ago, sandrew33 said:

The greed of following the same tax law that pretty much every wealthy Thai family used at the time and which was signed off on by the Revenue Authority? 

 

Sure the Revenue Authority changed their tune post coup, but whether you like TS or not, what he did re the tax treatment on that sale transaction was 100% legal under the laws at the time and, again, was a common tax strategy used by most wealthy Thais at the time. It was a strategy widely understood by the largest law/tax firms in the country. 

 

I mention this as a lawyer (from outside Thailand) who practices in international tax law. 

 

But as you were with the rant :) 

 

So you're a practising international lawyer and you state that the court case in which he was charged with abuse of authority which is a serious law and should be a serious law and was well documented including a spot on the TV news which highlighted the paymaster signing the illegal documents was just a kangaroo court.

 

Wow.

 

 

Edited October 18, 2017 by scorecard

[scorecard]

1 hour ago, Deez said:

Do you know what country you are in? It is a way of life here.

 

What a quaint notion, because others break the law then it's all OK.

[scorecard]

35 minutes ago, Baerboxer said:

 

I'd check that again sport. Thaksin was granted a monopoly which meant he could insist people had to buy their phone from his company as well as mobile services. No do, no service.

 

Well said.

[hanuman2543]

1 hour ago, Baerboxer said:

 

But you missed the little bit out the story, where he by-passed parliamentary procedure and just changed the law himself so he could sell the business to foreign buyers. Change the law and flog the business the next day - how quaint.

And you missed the little part that the CPB invested in the Shin Corporation and gave the ok for the sale. SCB did the same.

[wakeupplease]

I Wondered how long it would be before the J boys came out to play as they have been busy at other jobs no doubt this week, but mention a shin and its like fly's to CowSh>>. much like their claims.

[steven100]

Used his son to money laundering.

Just a family of convicted criminals.

All end up running and living in luxury.

scum and cheats.

Well done Khun Prayuth Chan O Cha. !

[scorecard]

1 minute ago, wakeupplease said:

I Wondered how long it would be before the J boys came out to play as they have been busy at other jobs no doubt this week, but mention a shin and its like fly's to CowSh>>. much like their claims.

 

But you conveniently missed that the red fanboys are also present in the thread.

[scorecard]

4 minutes ago, steven100 said:

Used his son to money laundering.

Just a family of convicted criminals.

All end up running and living in luxury.

scum and cheats.

Well done Khun Prayuth Chan O Cha. !

 

Throwing his family under the bus seems to repeat....

Edited October 18, 2017 by scorecard

[joecoolfrog]

7 hours ago, Cuchulainn said:

What a scumbag family.

You have my sympathy but we dont choose our relatives , did you move to Thailand to escape them ?