Thaksin Asset Case: Bt46 Billion Will Be Seized Along With Interests

[elcent]

It was said that 76 billion were seized. Now 46 are to be retained. What happens to the remaining 30 billion? Are they to be returned to the man who took them from the thai people?

Frozen until calculation of interest rates is finished, that was the court ruling.

[ManilaLover]

The people from Bangkok Post went home before this outcome

Amazing.

[britmaveric]

I hope Thaksin can accept this, as he said he would before the final verdict was announced, and let Thailand move forward.

agreed

Indeed, he can always get it back once he returns as PM!! :D

[SomchaiFuhlang]

I hope that someone in the Thai government makes a stipulation that for Thaksin to receive the funds the court has just agreed to return, that Thaksin must return to Thailand in person to receive them. This would force him to personally face all charges relating to the corruption charges including failing to return as directed by the court after the coup and subsequent court cases. It's only fair.

[mythBuster]

The people from Bangkok Post went home before this outcome

Amazing.

you must be sleeping. Bangkokpost updates are far more regular on your phone than those yellow coloured comments of the nation. Amazing indeed.

[venturalaw]

Lets not forget the interest, which will also be seized and will also be a large portion. Wonder how much that will be amount to, could also be a large sum.

Any idea when the criminal prosecutions will commence?

There is the issue of the defendant not being in Thailand, which is an impediment to a number of legal challenges, though it is possible to ask for special judicial approval for the case to commence.

Regards

He already received a 2 year sentence after being tried in abstention. Why not continue with the process so that there can finally be complete closure?

[ratcatcher]

I am sure that after things calm down a bit poor old Mr Thaksin and his dependent family will still have enough money to enable them to buy a used Honda and enjoy a pizza twice a month.

It was amusing to see the red shirt women weeping on camera. I mean what did he do for them?

A good result. Stay tuned for next episode.

[JayF]

Does anyone have any information on the crowds in Bangkok and elsewhere? How many are there? How are they behaving? Are there reds and yellows out, or just reds?

[WinnieTheKhwai]

Given the rules set out at the start of the topic, I'm afraid I'm unable to contribute..

I hope one day democracy will be established in Thailand.

Good night everyone!!

[A_Traveller]

Without alluding to others, just in case you don't understand the law, the charges would have been the same under earlier constitutions, and on the basis of the legal analysis given in the judgment the outcome the same.

Regards

[hammered]

Tulsie now in overdrive rapping out the Thaksin response

[george]

Comment form Thaksin: Thaksin says he should have listened to wife,children and not entered politics. Thaksin says he hopes he is the last victim.

Thaksin wears a black suit and black tie. Bt15 billion wealth acquired before Thaksin took office is a matter for consideration...

-- TAN Network/ The Nation 2010-02-26

[jdinasia]

Does anyone have any information on the crowds in Bangkok and elsewhere? How many are there? How are they behaving? Are there reds and yellows out, or just reds?

There were no "crowds" anywhere tonight.

[Sojourner]

Excellent coverage and moderating here on TV. I think everyone keep it pretty civil. Best of luck to all of us living in LOS.

[A_Traveller]

Lets not forget the interest, which will also be seized and will also be a large portion. Wonder how much that will be amount to, could also be a large sum.

Any idea when the criminal prosecutions will commence?

There is the issue of the defendant not being in Thailand, which is an impediment to a number of legal challenges, though it is possible to ask for special judicial approval for the case to commence.

Regards

He already received a 2 year sentence after being tried in abstention. Why not continue with the process so that there can finally be complete closure?

WRONG. He attended the court in person and fled [bailed to attend the opening of the Olympics] prior to the reading of the judgment in the case, hence he was 'sentenced in absentia'

Regards

Edited February 26, 2010 by A_Traveller

[topsecret]

Seems like a fair decision! Taksin keeps assets he acquired before he took office. The rest gets confiscated.

Lets see what happens on March 12th when one million protesters ascend on Bangkok!

[jdinasia]

Lets not forget the interest, which will also be seized and will also be a large portion. Wonder how much that will be amount to, could also be a large sum.

Any idea when the criminal prosecutions will commence?

There is the issue of the defendant not being in Thailand, which is an impediment to a number of legal challenges, though it is possible to ask for special judicial approval for the case to commence.

Regards

He already received a 2 year sentence after being tried in abstention. Why not continue with the process so that there can finally be complete closure?

Thaksin showed up in court for this case AND the rachada land case ... he has not appeared for the rest. Once he answers the charges the cases can proceed normally with only his lawyers there to represent him.

[Puccini]

It was said that 76 billion were seized. Now 46 are to be retained. What happens to the remaining 30 billion? Are they to be returned to the man who took them from the thai people?

See here:

The rest of the money will remain frozen pending calculations of interests, dividens, and settling of claims and all.

-The Nation-

[ManilaLover]

The people from Bangkok Post went home before this outcome

Amazing.

you must be sleeping. Bangkokpost updates are far more regular on your phone than those yellow coloured comments of the nation. Amazing indeed.

I'm not talking about updates by phone (no thanks) but about their website, a big delay and second hand news only

[Caliguy]

# "If u are businessmen, think it through if you are tempted to enter politics"

# "Let me be the last victim"

# "Don't cause any trouble and give government a chance to pick on you".

# "You (red shirts) must fight peacefully, or our country will remain in the hands of ammat. Fight on. Don't give up until you get democracy"

# Thaksin wears a black suit and black tie.

# "Things move super fast when it involves cases against people like me"

# "Thai justice system is child play"

# "When democracy matures, there should be no more victims like me"

# "This is cruel politics"

# "I'm sorry kids, for causing trouble to our family", he said.

# Through D station, he said he's mourning his own stubbornness. (referring to refusal to heed his family's warnings against playing politics)

# Now, Thaksin reacting to the verdict..

---The Nation

Edited February 26, 2010 by Caliguy

[ProfessorFart]

All's quiet at the moment but wait until the Lao Khao kicks in to the peasant lovers of Thaksin!

Was rather amusing seeing his cronies blubbing over the loss of their stolen cash.

Fair do's!

[jfchandler]

Process-wise, does Thaksin have any rights to appeal the decision to any higher level of Thai court??? Or is this verdict the last stop on the judicial circuit???

Most certainly, if he has or can find any recourse whatsoever, it would seem most likely he will pursue it...

Not many people, especially Thaksin, are likely to willingly accept a verdict taking 46 billion baht out of their pockets...

P.S. - My question does not imply any support for the individual involved. I'm just hoping somewhere, somehow this can all be put behind the country for its own good and future. There has to be an end somewhere....

[venturalaw]

Comment form Thaksin: Thaksin says he should have listened to wife,children and not entered politics

-- TAN Network 2010-02-26

Priceless!

BTW, thanks for the excellent coverage George. Once again ThaiVisa was my source for up-to-date information.

[snaggletooth]

I really hope that the government finds a way to distribute these funds back to the people they were taken from. It would go a long way to help the cause of staying in power

The people that the money was taken from were the competitors of AIS -- Dtac and True Corp. Nobody else. Thaksin used his power in office to ensure that his company AIS paid lower fees (and sometimes no fees) than AIS competitors. Dtac and True are the only beneficiaries of this.

Please note that Thaksin wasn't stealing money from state coffers. He was using his position as the man in charge of the country to bolster his business empire and his and his family's wealth -- at the expense of AIS's competitors.

[Netfan]

Comment form Thaksin: Thaksin says he should have listened to wife,children and not entered politics. Thaksin says he hopes he is the last victim.

Thaksin wears a black suit and black tie. Bt15 billion wealth acquired before Thaksin took office is a matter for consideration...

-- TAN Network/ The Nation 2010-02-26

Watching his talk on television now- just looking at his body language and tone of voice , it is that of a broken man.

[Roachiebkk]

The people from Bangkok Post went home before this outcome

Amazing.

They heard there was a special on KFC somewhere...................... anyway good sturdy and strong decision made, one that will douse the Red Shirt flames and still keep pressure on Thaksin to return here and answer in person.

A good day for Thailand and the rule of law.

[silk]

Lets not forget the interest, which will also be seized and will also be a large portion. Wonder how much that will be amount to, could also be a large sum.

Right, it must add up

[anon467367354]

I sincerely hope this puts an end to this chapter in Thai history. The sooner all this is behind us the better. This country really needs to get it's act together. Congratulations Thailand, and good luck. Time to get your act together. enter integrity, exit the wizard of ooze

[L33tsp33k]

Thanks for the updates on the forum. Now just waiting for part two of this soap opera!

[ManilaLover]

Lets see what happens on March 12th when one million protesters ascend on Bangkok!

Time to bring over the Spanish bulls, they don't like red fabrics !