Thaksin's Sister Sees No Impact On Family Business

[webfact]

THAKSIN'S BT76 BILLION ASSETS

Thaksin's sister sees no impact on family business

By The Nation

Published on January 16, 2010

Yingluck Shinawatra, younger sister of fugitive ex-premier Thaksin, said last night (Friday) that she did not think a court verdict in the asset seizure case against her brother would have any impact on the family's business.

Now chairperson of SC Asset Corp, which is 60 per cent owned by the Shinawatra family, Yingluck said there were "no connections" between the family business and the confiscated Bt76 billion in the case.

The Supreme Court's Criminal Division for Political Office Holders is scheduled to read its verdict on Feb 26 on the case in which Thaksin is accused of gaining the Bt76 billion dishonestly.

Yingluck declined to comment on the case, saying that it was a personal matter.

-- The Nation 2010-01-16

[newsfooter][/newsfooter]

[animatic]

And so personnal she was crying in court over it.

This story says it won't affect SC Assets,

but not about the complete world of family businesses.

[Publicus]

Yingluck is gonna need a lotta luck. And so's the whole bunch of the radically corrupt bunch.

[LaoPo]

^^^^

If there is one crook in your family, does that mean the rest of your family is a "radically corrupt bunch" also?

Please try to be a little bit fair with your comments, Gents.

Some 30 years ago I did business with the "cotton" branch of the textile -manufacturing- business of a Shinawatra family in Bangkok; the other branch was the silk business (also manufacturing) and both businesses were very famous and well known in Bangkok.

Those companies were run by two sisters, both with the surname Shinawatra. The Lady I did business with was married to a French Gentleman and they met each other in Paris were both studied. I will not reveal the name here but if you wish, PM me and I can tell with the restriction that you will keep this name out of the public forum. I ask so because:

I have no clue if those two family names "Shinawatra" or Shinawat as the Thai call them were related to Thaksin but every single waiter/waitress, hotel manager, taxi driver in Bangkok spoke about this family with great respect.

I am talking 30 years ago.

A little respect for a family name is in order. You can't paint all of them black.

YOU wouldn't like that too if there was a bad apple in the family.

LaoPo

[Donnyboy]

^^^^

If there is one crook in your family, does that mean the rest of your family is a "radically corrupt bunch" also?

YOU wouldn't like that too if there was a bad apple in the family.

LaoPo

too bad the apple in this case tainted the family name, and did it from his position holding public office

and quite a few from the clan benefitted, so the rot spread throughout the tree

[LaoPo]

^^^^

If there is one crook in your family, does that mean the rest of your family is a "radically corrupt bunch" also?

YOU wouldn't like that too if there was a bad apple in the family.

LaoPo

too bad the apple in this case tainted the family name, and did it from his position holding public office

and quite a few from the clan benefitted, so the rot spread throughout the tree

I see it different; and I wonder where you got the info from that "quite a few from the clan benefited"; were you the bookkeeper in the family?

Don't point the "guilty" finger if you can't name them as you don't even know who's who in the family; but if you do, name them and prove so.

I was talking about my business experience, 30 years ago, with a Shinawatra family; you're talking about Thaksin's and you and I don't know whether those "branches" in the Shinawatra family name are the same, or do you?

LaoPo

Edited January 16, 2010 by LaoPo

[mca]

Is there any evidence or reports that Yingluck is bent in any way? Genuine question.

[LaoPo]

Is there any evidence or reports that Yingluck is bent in any way? Genuine question.

I'm sorry; I'm not familiar with that "slang" word -bent- in this context; not being native English.

Do you mean if she is/was proven guilty also for corruption, bribery or anything else, next to her brother Thaksin ?

If so, I don't know but I'm sure others do (if that's what you mean).

LaoPo

[mca]

Correct. Even corroborated accusations would do.

[Heng]

Most families have a spiderweb of connections to each other here, although there are indeed plenty that do not with each branch existing independently of each other as per the western style of 'we know each other through greeting cards and maybe meeting/calling twice a year'. IMO the Shinawatras are more like the former.

[LaoPo]

Correct. Even corroborated accusations would do.

"In an unrelated transaction, the two families had earlier not paid taxes when Thaksin transferred shares to his sister Yingluck Shinawatra and his wife, Potjaman Shinawatra, transferred shares to her brother Bannapoj Damapong. The tax exemption was granted on grounds that the transfer, at a par value of 10 baht, took place through the stock market."

From: http://en.wikipedia.org/wiki/Sale_of_Shin_...emasek_Holdings

and:

"In 2000, Yingluck reportedly bought 2 million shares of Shin Corp., at 10 baht a share, from Thaksin. The market value at the time of the sale was 150 baht per share. Based on testimony to ASC in 2007, Yingluck did not file a tax report for the capital gains made in the share price difference; she said she was not liable for taxes because she had not sold the shares. Also, according to The Nation, Yingluck sold 370,000 AIS shares at an average price of 105 baht between October 2005 and January 2006. She, along with the rest of the family, sold the remainder of AIS shares to Temasek Holdings, an investment arm of the Singapore government, on January 23, 2006. When Temasek bought Shin Corp from the Shinawatra and Damapong families, it did so at a share price of 49.25 baht for a total of 73.3 billion baht."

From: http://siamreport.blogspot.com/2009/07/yin...shinawatra.html

This latter case (as I see it) looks like the stock options many business people all over the world are granted on a daily basis, but I've not followed this particular case and could be wrong, but one can't file a tax report if the capital gains aren't consumed so to speak; meaning:

those shares could also drop to a minimum the day after, which we have seen a few times, especially also in 2000 during the world wide stock markets collapse and as I have noticed (substantial losses) myself during that year

That shows, since they speak of a share price at a certain stage of Baht 150 whilst the final sale to Temasek was at Baht 49.25....Count your blessings

But the Thaksin tax specialist on board of TV will, no doubt, ventilate their opinions.

LaoPo

[LaoPo]

Most families have a spiderweb of connections to each other here, although there are indeed plenty that do not with each branch existing independently of each other as per the western style of 'we know each other through greeting cards and maybe meeting/calling twice a year'. IMO the Shinawatras are more like the former.

Heng, you being an insider, how many Shinawatra -Shinawat- branches are there in Thailand?

Are they spread out through Bangkok families and Chiang Mai families; maybe even more?

LaoPo

[animatic]

She is part and parcel of the family business,

and is working politically to shore up it's flagging fortunes.

If there is a general mind set in the family to profit

in the style of which as the family patriarch chooses

then she could be considered bent by family connection,

by many of our units of measure.

Maybe in Thailand not too bent for redemption, but then again,

she was called to testify in this large case, and took it personally.

Edited January 17, 2010 by animatic

[webfact]

a post bordering on libelous deleted. Please avoid making blanket accusations.

[KBAA]

^^^^

If there is one crook in your family, does that mean the rest of your family is a "radically corrupt bunch" also?

Please try to be a little bit fair with your comments, Gents.

Some 30 years ago I did business with the "cotton" branch of the textile -manufacturing- business of a Shinawatra family in Bangkok; the other branch was the silk business (also manufacturing) and both businesses were very famous and well known in Bangkok.

Those companies were run by two sisters, both with the surname Shinawatra. The Lady I did business with was married to a French Gentleman and they met each other in Paris were both studied. I will not reveal the name here but if you wish, PM me and I can tell with the restriction that you will keep this name out of the public forum. I ask so because:

I have no clue if those two family names "Shinawatra" or Shinawat as the Thai call them were related to Thaksin but every single waiter/waitress, hotel manager, taxi driver in Bangkok spoke about this family with great respect.

I am talking 30 years ago.

A little respect for a family name is in order. You can't paint all of them black.

YOU wouldn't like that too if there was a bad apple in the family.

LaoPo

There is many with that family name !

Even a brigde in Bangkok is called that name, it might be after the families you know ! Because it is for sure it is not after the Waky Taky who is running around and playing idiot !

His family is also from Chiang Mai and was not rich before he started paying dirty money around (his wife had some money before) !

The best i think is when he aranged that Thailand borroed several Billion Bahts to Myamar so they could buy services from his satelite company !!]

[LaoPo]

There is many with that family name !

Even a brigde in Bangkok is called that name, it might be after the families you know ! Because it is for sure it is not after the Waky Taky who is running around and playing idiot !

His family is also from Chiang Mai and was not rich before he started paying dirty money around (his wife had some money before) !

The best i think is when he aranged that Thailand borroed several Billion Bahts to Myamar so they could buy services from his satelite company !!]

Thanks for the info but it's not entirely correct.

Maybe study a little?

"By the time Thaksin was born, the Shinawatra family was one of the richest and most influential in Chiang Mai."

Family background:

http://en.wikipedia.org/wiki/Thaksin_Shina...mily_background

LaoPo

[Heng]

Most families have a spiderweb of connections to each other here, although there are indeed plenty that do not with each branch existing independently of each other as per the western style of 'we know each other through greeting cards and maybe meeting/calling twice a year'. IMO the Shinawatras are more like the former.

Heng, you being an insider, how many Shinawatra -Shinawat- branches are there in Thailand?

Are they spread out through Bangkok families and Chiang Mai families; maybe even more?

LaoPo

I couldn't say for sure, I probably couldn't even 'chart' the branches of friend's of my own family much less a family where I don't know anyone personally. I have come across a couple of Shinawatra's who didn't have anything to do with cotton or telecoms, just regular office workers in each case.

[Old Man River]

^^^^

If there is one crook in your family, does that mean the rest of your family is a "radically corrupt bunch" also?

Please try to be a little bit fair with your comments, Gents.

A little respect for a family name is in order. You can't paint all of them black.

LaoPo

LaoPo, I totally agree with you and this doesn't happen often.

[animatic]

Which explains why most comments are towards Thaksin,

and not towards the Shinawatra family.

Even as this generation is pretty much run by him, it was not always so,

and will not always be so. The sins of the father are not visited on the son.

Young Oak, will no doubt will generate his own sins in good time.

[h90]

There is many with that family name !

Even a brigde in Bangkok is called that name, it might be after the families you know ! Because it is for sure it is not after the Waky Taky who is running around and playing idiot !

His family is also from Chiang Mai and was not rich before he started paying dirty money around (his wife had some money before) !

The best i think is when he aranged that Thailand borroed several Billion Bahts to Myamar so they could buy services from his satelite company !!]

Thanks for the info but it's not entirely correct.

Maybe study a little?

"By the time Thaksin was born, the Shinawatra family was one of the richest and most influential in Chiang Mai."

Family background:

http://en.wikipedia.org/wiki/Thaksin_Shina...mily_background

LaoPo

But also read the other part at wikipedia below

[basjke]

Most families have a spiderweb of connections to each other here, although there are indeed plenty that do not with each branch existing independently of each other as per the western style of 'we know each other through greeting cards and maybe meeting/calling twice a year'. IMO the Shinawatras are more like the former.

Heng, you being an insider, how many Shinawatra -Shinawat- branches are there in Thailand?

Are they spread out through Bangkok families and Chiang Mai families; maybe even more?

LaoPo

I couldn't say for sure, I probably couldn't even 'chart' the branches of friend's of my own family much less a family where I don't know anyone personally. I have come across a couple of Shinawatra's who didn't have anything to do with cotton or telecoms, just regular office workers in each case.

I even came across a shinawtra who was an ordinary McD employee.

[Publicus]

Wikipedia is an open sourced online internet cyberspace site to which anyone and his mother in law can post. Wikipedia ongoingly solicits more citations than it offers in facts or information which themselves are open to editing, extending or revising by anyone and his kissin' cousin.

When I sought information on the WW2 Tokyo War Crimes Tribunal, I went to the Harry S Truman presidential library and then to the Library of Congress. 

Let's everyone cite intellectually respectable and hopefully definitive sources rather than the nebulous and ephemeral wandering Wikipedia.    

[LaoPo]

Wikipedia is an open sourced online internet cyberspace site to which anyone and his mother in law can post. Wikipedia ongoingly solicits more citations than it offers in facts or information which themselves are open to editing, extending or revising by anyone and his kissin' cousin.

When I sought information on the WW2 Tokyo War Crimes Tribunal, I went to the Harry S Truman presidential library and then to the Library of Congress. 

Let's everyone cite intellectually respectable and hopefully definitive sources rather than the nebulous and ephemeral wandering Wikipedia.    

Good idea Publicus. Waiting for more reliable info from you than: you know the way.

edit: I just searched for Thaksin in the first Library; no results.

Bingo: with the Library of Congress: 108 results (including in Thai): http://www.loc.gov/fedsearch/metasearch/?c...log|ppoc|thomas

AND: Thaksin Shinawatra and su="Thaksin Chinnawat, -- 1949" - 25 results, also in Thai:

http://www.loc.gov/fedsearch/metasearch/?c...log|ppoc|thomas

You lead the way since you know you're way in there better than we do.

I'm sure there are many more libraries around the world who have some info on Thaksin, don't you think ?

LaoPo

Edited January 17, 2010 by LaoPo

[Bagwan]

Is there any evidence or reports that Yingluck is bent in any way? Genuine question.

I can't clearly remember but didn't somebody with more money than sense buy up the parking concession for Cobra Swamp some time ago? The he realised that he had 'been had' and sued for his money back. Nobody was surprised when after a visit from 'the boys' he withdrew the suit. Wasn't a female member of the Shin clan behind that, allegedly of course?

The later edited edition

The airport contains 2 5-storey car park buildings with a combined capacity of 5,000 cars.

Two videos were released in which car park contractor Latthapol Kesakotin, in one video, claimed that he paid USD $250 million to Yaowaret Shinawatra (the Prime Minister's sister) to gain a contract to build and operate the airport car park, and another video in which he claimed he didn't pay anything to Yaowaret. He later publicly denied that that he paid anything to Yaowaret.

Edited January 18, 2010 by Bagwan

[animatic]

Nothing he can talk about anyway.

Power buys silence as well as real estate.

[xminator]

She and the company is obviously still in business, and that is happening without the 76 billion bahts in question. However there is no doubt that they wont say no to having access to those funds again. Who would...

[Donnyboy]

^^^^

If there is one crook in your family, does that mean the rest of your family is a "radically corrupt bunch" also?

YOU wouldn't like that too if there was a bad apple in the family.

LaoPo

too bad the apple in this case tainted the family name, and did it from his position holding public office

and quite a few from the clan benefitted, so the rot spread throughout the tree

I see it different; and I wonder where you got the info from that "quite a few from the clan benefited"; were you the bookkeeper in the family?

Don't point the "guilty" finger if you can't name them as you don't even know who's who in the family; but if you do, name them and prove so.

I was talking about my business experience, 30 years ago, with a Shinawatra family; you're talking about Thaksin's and you and I don't know whether those "branches" in the Shinawatra family name are the same, or do you?

LaoPo

well i was talking about the Shinawatra family as mentioned in the OP

not interested in the others

stick to the topic

most likely, the Shinawatras in the OP post (not yrs) have benefitted, or perhaps it was just the maid and personal assistant....yeah right!!!