Jump to content

Govt Spending Bt4.2 Billion To 'Cover Up Thaksin's Botched Policy'


Recommended Posts

Posted

Govt spending Bt4.2 billion to 'cover up Thaksin's botched policy'

The Nation

30184628-01_big.jpg

BANGKOK: -- The government has earmarked Bt4.2 billion under the guise of loan repayment in order to cover up the misnagement of price intervention for longan under the Thaksin Shinawatra administration in 2004.

"PM Yingluck Shinawatra is using the taxpayer's money to whitewash her brother Thaksin," Democrat Party spokesman Chavanond Intarakomalyasut said on Thursday.

Chavanond said the mismanagement happened after the Thaksin administration had allocated Bt3.4 billion to prop up the price for 312,373 tons of longan for nothern farmers.

Under the price intervention scheme, the administration would back the Krung Thai Bank loans to the Marketing Organisation for Farmers.

The MOF contracted, in turn, Po Heng International Co to process the fresh fruit into some 90,000 tons of dried longan.

But the fruit processing could turn out only about 40,000 tons of dried longan, an insufficient amount to repay the loans.

The allocation of additional funds would enable the MOF to repay the bank loans without having to check the amount of longan involved in the price intervention scheme, Chavanond said.

nationlogo.jpg

-- The Nation 2012-06-21

Posted

They already know that half went missing, they are very aware of those involved, but the statue of limitations may be up on this mess also. The two agencies (run by cronies) are mentioned in the article, they should be repaying the monies from what they took as fees. kickbacks, storage, transport, etc.

  • Like 1
Posted

It's great that there is a news article about this minor incident. This is clearly NOT why corruption charges have been levied against Thaksin. Thaksin is incredibly cynical about the intelligence of his constituency. AIS is the issue. Shin Corp., etc. It's tragic to watch the brazen dissemination of red herrings become so successful. C'mon Yingluck. You need to convince Bangkok, because you can't expect someone from the outside to step in create a democracy based on a minor 50%-plus majority.

Posted

They already know that half went missing, they are very aware of those involved, but the statue of limitations may be up on this mess also. The two agencies (run by cronies) are mentioned in the article, they should be repaying the monies from what they took as fees. kickbacks, storage, transport, etc.

Just Thaksin and his mass ups in Thailand keep on going and going and going. when will it stop?

Posted

In any western democracy this would be a major scandal; here it's hardly news.

The sad part is, most Thais probably don't know about this, and of those that do, they either won't care or will just accept it.

It just shows how far behind Thailand is.

  • Like 1
Posted

The legacy continueswink.png

The longan scam goes all the way back to being part of the lyrics to the legendary video,

Square Faced Man

Thank you for posting this, especially with the English lyrics! Was actually looking for it a couple weeks ago but couldn't find it on youtube. Was searching for squarehead instead of squareface and wasn't getting what I wanted

Posted

None if this is surprising.

Cronyism and social state handouts are the slipperyslope to drain the national coffers dry all year long... Make that all decade long.

  • Like 1
Posted

They already know that half went missing, they are very aware of those involved, but the statue of limitations may be up on this mess also. The two agencies (run by cronies) are mentioned in the article, they should be repaying the monies from what they took as fees. kickbacks, storage, transport, etc.

You´r right, the problem is that "repay" isn´t in the Thai vocabulary.wink.png

what is the Thai word for repay?

Posted

They already know that half went missing, they are very aware of those involved, but the statue of limitations may be up on this mess also. The two agencies (run by cronies) are mentioned in the article, they should be repaying the monies from what they took as fees. kickbacks, storage, transport, etc.

You´r right, the problem is that "repay" isn´t in the Thai vocabulary.wink.png

what is the Thai word for repay?

ฉลอง (cha-long)cha ching,laa ling, aa ang nga ngo.wai.gif

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    • No registered users viewing this page.



×
×
  • Create New...