KMC LOAN

Supreme Court to try Thaksin

The Nation

BANGKOK: -- The Supreme Court's Criminal Division agreed to the trial of former prime minister Thaksin Shinawatra and 27 accomplices, implicated in Krungthai Bank's fradulent lending to Krisda Mahanakorn Group (KMC).

Defendants are summoned for the first testimony on October 11.

Aside from Thaksin, the other defendants included Viroj Nualkhair, former president of Krungthai Bank, and executives of KMC Group. They were charged of violating the Criminal Code’s Article 157, Commercial Banking Act BE2505, the Securities and Exchange Act BE2535 and the Public Company Act BE2535.

The state prosecutors viewed that when these persons were in power, Krungthai Bank approved loans to KMC Group despite the group’s poor financial position.

It loaned Bt500 million to RK Professional Co Ltd and Bt9.9 billion to Golden Technology Industrial Park Co Ltd. The prosecutors viewed that the persons conspired or supported the fraudulent practice at the state-owned bank, to benefit KMC Group and themselves.

The loans were approved when Thaksin was in office.

-- The Nation 2012-07-25

ooooh.

Business man is always a business man and finally, he's got nowhere here to live

And if Thaksin is charged, tried, convicted and sentenced will he serve his jail time in the same way Sondhi is serving his?

What will be the verdict if Thaksin is a no-show.

Is he, by default in contempt of court?

Is the Supreme Court - Criminal Section a Judge only court or Judge and Jury Court?

As a common sating goes ... "It's a brave and bold more to Trail Him"

Which I am sure that it is what The Nation meant with it's Headline ...

"Supreme Court to try Thaksin"

... because Thailand tried Taksin once before with mixed results ...

.

And if Thaksin is charged, tried, convicted and sentenced will he serve his jail time in the same way Sondhi is serving his?

except he can not be charged etc etc because Thaksin is not here. At least Sondhi is. (though Sondhi is just as big a <deleted> as Thaksin)

As far as i'm aware Thailand does not have a jury system.

Well, now we know why Thaksin was so anxious about getting the amnesty thing rolling ASAP....

(among other reasons, of course)

This is of course 'politically motivated' and taken care off by the coming charter overhaul.

Thaksin belongs in a prison cell for life-meaning-life.

And if Thaksin is charged, tried, convicted and sentenced will he serve his jail time in the same way Sondhi is serving his?

At the very least Sondhi is in Thailand and legally out on bail.

Thaksin isn't in the country and skipped his bail.

Actually this seems to be a most appropriate time to hear all those other cases against him. He can be found guilty in all of them and then the PTP can push for an amnesty. Clean slate with nothing waiting in the wings to cause him any trouble.

Well, it looks to me like the Supremes have just joined with the Constitutional Court in a battle against Parliament and Thaksin. I wouldn't be surprised if Chalerm's next version of the Reconciliation Bill eliminates the Supreme Court!

And if Thaksin is charged, tried, convicted and sentenced will he serve his jail time in the same way Sondhi is serving his?

Sondhi did appeal....so he isn't convicted yet.

And if Thaksin is charged, tried, convicted and sentenced will he serve his jail time in the same way Sondhi is serving his?

except he can not be charged etc etc because Thaksin is not here. At least Sondhi is. (though Sondhi is just as big a <deleted> as Thaksin)

As far as i'm aware Thailand does not have a jury system.

Thaksin is respondsible for killing 3000 people at his war against drugs. With 50% not having anything to do with narcotics at all.

What similar evil did Sondhi do?? Some dogy cheques into which he was tricked.

And if Thaksin is charged, tried, convicted and sentenced will he serve his jail time in the same way Sondhi is serving his?

Sondhi did appeal....so he isn't convicted yet.

He is convicted..... he is appealing against that conviction

And if Thaksin is charged, tried, convicted and sentenced will he serve his jail time in the same way Sondhi is serving his?

Didn't know Sondhi also was a part of this scandal.

And if Thaksin is charged, tried, convicted and sentenced will he serve his jail time in the same way Sondhi is serving his?

Thaksin already has been charged, tried, convicted and sentenced. His response was to run away.

And if Thaksin is charged, tried, convicted and sentenced will he serve his jail time in the same way Sondhi is serving his?

Didn't know Sondhi also was a part of this scandal.

Correct, Sondhi was convicted in another fraud case

The Security and Exhange Commission accused him of falsifying documents used as collateral for a loan amounting to almost 1.1bn baht ($36m, £22.7m) for his media business.

The point is that Sondhi is still leading his band of "geriatric terrorists" despite facing a 20 year jail sentence for fraud.

Another shoe drops.

Is it any wonder Thaksin is sooooo itchy for "Reconciliation and amnesty"?

This is of course 'politically motivated' and taken care off by the coming charter overhaul.

Right actually having the will to charge him with a crime MUST be politically motivated.

Because other wise it would be politically motivated to let him get away with it.

'Politically motivated': It is the only catch phrase he has to even attempt

getting the world stage to believe he is a poor persecuted man post coup,

and not removed because he was demonstrably more corrupt ongoing,

and had suborned the wheels of justice more than any other before him.

And if Thaksin is charged, tried, convicted and sentenced will he serve his jail time in the same way Sondhi is serving his?

Sondhi did appeal....so he isn't convicted yet.

He certainly is.

The appeal court will either uphold or overturn the conviction.

Sent from my GT-I9003 using Thaivisa Connect App

And if Thaksin is charged, tried, convicted and sentenced will he serve his jail time in the same way Sondhi is serving his?

Didn't know Sondhi also was a part of this scandal.

Correct, Sondhi was convicted in another fraud case

The Security and Exhange Commission accused him of falsifying documents used as collateral for a loan amounting to almost 1.1bn baht ($36m, £22.7m) for his media business.

The point is that Sondhi is still leading his band of "geriatric terrorists" despite facing a 20 year jail sentence for fraud.

seems you point your finger at the authorities to put handcuffs on him them. last i checked, he is in the country? lol

And if Thaksin is charged, tried, convicted and sentenced will he serve his jail time in the same way Sondhi is serving his?

Sondhi did appeal....so he isn't convicted yet.

No, he is convicted, but the conviction is under appeal.

And if Thaksin is charged, tried, convicted and sentenced will he serve his jail time in the same way Sondhi is serving his?

Didn't know Sondhi also was a part of this scandal.

Correct, Sondhi was convicted in another fraud case

The Security and Exhange Commission accused him of falsifying documents used as collateral for a loan amounting to almost 1.1bn baht ($36m, 22.7m) for his media business.

The point is that Sondhi is still leading his band of "geriatric terrorists" despite facing a 20 year jail sentence for fraud.

Well even having been on the run for 8 years for a 2 year term Thaksin is still leading his young and strapping terrorists oh sorry ummmm people. They herd the the geriatric reds into the rallies and riots. So all good.

Sent from my GT-P1010 using Thaivisa Connect App

And if Thaksin is charged, tried, convicted and sentenced will he serve his jail time in the same way Sondhi is serving his?

Didn't know Sondhi also was a part of this scandal.

Correct, Sondhi was convicted in another fraud case

The Security and Exhange Commission accused him of falsifying documents used as collateral for a loan amounting to almost 1.1bn baht ($36m, 22.7m) for his media business.

The point is that Sondhi is still leading his band of "geriatric terrorists" despite facing a 20 year jail sentence for fraud.

What's that got to do with this thread?

Other than.playground mentality of course

I am sure he is innocent

Thaksin is such a good honest person

And if Thaksin is charged, tried, convicted and sentenced will he serve his jail time in the same way Sondhi is serving his?

Sondhi did appeal....so he isn't convicted yet.

No, he is convicted, but the conviction is under appeal.

Sorry language glitsch......I mixed two languages....yes he is convicted but can appeal....

Leave Thai politics to the Thais and enjoy your life here while you can. Life is too short. The average Thai, no matter the shirt color, are great people who basically let you do what you want as long as it is legal. Try taking a trip to farming villages and appreciate the hard work they do in the fields this time of year.

And if Thaksin is charged, tried, convicted and sentenced will he serve his jail time in the same way Sondhi is serving his?

Didn't know Sondhi also was a part of this scandal.

Correct, Sondhi was convicted in another fraud case

The Security and Exhange Commission accused him of falsifying documents used as collateral for a loan amounting to almost 1.1bn baht ($36m, £22.7m) for his media business.

The point is that Sondhi is still leading his band of "geriatric terrorists" despite facing a 20 year jail sentence for fraud.

The key question is whether or not any of these guys repayed the loan. In Sondhi's case I believe he did. In thaksin's case I believe they let the company go bust and the 9.9 Billion was 'gone". Very different case in my opinion.

Correct me if I am wrong.

This is of course 'politically motivated' and taken care off by the coming charter overhaul.

Right actually having the will to charge him with a crime MUST be politically motivated.

Because other wise it would be politically motivated to let him get away with it.

'Politically motivated': It is the only catch phrase he has to even attempt

getting the world stage to believe he is a poor persecuted man post coup,

and not removed because he was demonstrably more corrupt ongoing,

and had suborned the wheels of justice more than any other before him.

Its also ironic because his sister is so politically unmotivated.