Graft buster indicts Sam for asset concealment

[robblok]

Why conceal shares like this. What benefit is there to concealing this type of thing?

Idiot.

Well that's the curious thing isn't it. If he declared the shares when becoming an MP and the shares rise and fall in line with the normal course of events, what is the point of hiding it, nothing to worry about. The only thing I can think of is withholding tax, perhaps, I don't know.

Still it'll keep the usual suspects busy for a day or two seeing who can be the most outraged and clapping each other on the backs for their posts..............

Fab.. not much imagination.

The reason is if your holding shares and stuff in a company and then become a MP and make sure that company gets contracts... ect.

(I see no reason about the Thai air shares as its insignificant) but the other shares might be big enough to benefit from those kind of things.

Also you need to file everything so they can see that you haven't become really rich int he period your an MP. By failing to do so your breaking important anti corruption rules.

Without these kind of rules corruption is even harder to combat, its already hard as you can have money in name of friends ec.

No you're right. I suspect Yingluck got the government to bid for contracts for spa treatments etc.............................

Your obviously red sighted if you think there is only one level of government these guys can influence because of their post. But ok fab it seems your as blind as the other red supporters. Not all corruption is about huge contracts.. guys like that in power can influence and force lower governments into doing things too.

[MickGC]

The hiding of ones assets is not restricted to any individual politician's political persuasion. It's across the board and to say otherwise means you are deluding yourself. Is a world wide phenomenon not restricted to Thailand. Most individuals do the same at tax time, albeit on a much smaller scale.

[geriatrickid]

Why conceal shares like this. What benefit is there to concealing this type of thing?

Idiot.

No benefit. It could be a genuine error, particularly since the total value at stake is not significant.

However, the fact remains that the assets were not declared. He violated the rules and must accept the penalty.

Hopefully, other MPs will be subject to similar reviews. Unfortunately, the better educated and more experienced MPs have access to tax and financial specialists who are more adept at concealing assets.

[mrtoad]

Where is Boppe Amstsrbam? Flabby must be feeling lost

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[Wombat6]

Just an honest mistake.

Now where have we heard that before ?

Wasn'y iy Yingluck who did the same thing...didn't include a 2 Million Baht watch in her assets ??

[NongKhaiKid]

Just an honest mistake.

Now where have we heard that before ?

Every MP in Britain used it when caught fiddling their expenses claim or a la Thailand it was somebody elses' responsibility so their mistake.

[Thai at Heart]

Why conceal shares like this. What benefit is there to concealing this type of thing?

Idiot.

Par for the course in every country. It's all to do with avoiding possible conflicts of interest. Public servants are supposed to act in the benefit of the citizens not their own family and wallet. For this reason there is an annual asset declaration.

Imagine if you will, that there could be a head of state who just happened to own a telecommunications monopoly in his country, and was so corrupt that he forced his government to give a neighboring country billions of baht to buy products and services from the head of states own company. It's not very beneficial to the citizens now is it?

Well maybe, but a health care company and Thai airways.

[Thai at Heart]

Why conceal shares like this. What benefit is there to concealing this type of thing?

Idiot.

No benefit. It could be a genuine error, particularly since the total value at stake is not significant.

However, the fact remains that the assets were not declared. He violated the rules and must accept the penalty.

Hopefully, other MPs will be subject to similar reviews. Unfortunately, the better educated and more experienced MPs have access to tax and financial specialists who are more adept at concealing assets.

I doubt its an error, I just can't see the reason for diddling it.

[issanaus]

Why conceal shares like this. What benefit is there to concealing this type of thing?

Idiot.

Direct awarding of contracts

Access to information useful in gaining contracts

Ability to influence decisions that would adversely affect the assets

Ability to influence legislation that would affect the assets

Access to knowledge that would provide advantages in disposal decision

Avoiding public questions as to how the assets were acquired of finances

Hiding business connections from public security

Hiding information from taxation and other authorities

Then the most likely in the context of the battle of public perceptions - I am not part of the rich and powerful

[PatOngo]

Why conceal shares like this. What benefit is there to concealing this type of thing?

Idiot.

No benefit. It could be a genuine error, particularly since the total value at stake is not significant.

However, the fact remains that the assets were not declared. He violated the rules and must accept the penalty.

Hopefully, other MPs will be subject to similar reviews. Unfortunately, the better educated and more experienced MPs have access to tax and financial specialists who are more adept at concealing assets.

I doubt its an error, I just can't see the reason for diddling it.

Try greed and personal gain,it's a national obsession.

[Tatsujin]

Why conceal shares like this. What benefit is there to concealing this type of thing?

Idiot.

Well that's the curious thing isn't it. If he declared the shares when becoming an MP and the shares rise and fall in line with the normal course of events, what is the point of hiding it, nothing to worry about. The only thing I can think of is withholding tax, perhaps, I don't know.

Still it'll keep the usual suspects busy for a day or two seeing who can be the most outraged and clapping each other on the backs for their posts..............

Fab.. not much imagination.

The reason is if your holding shares and stuff in a company and then become a MP and make sure that company gets contracts... ect.

(I see no reason about the Thai air shares as its insignificant) but the other shares might be big enough to benefit from those kind of things.

Also you need to file everything so they can see that you haven't become really rich int he period your an MP. By failing to do so your breaking important anti corruption rules.

Without these kind of rules corruption is even harder to combat, its already hard as you can have money in name of friends ec.

No you're right. I suspect Yingluck got the government to bid for contracts for spa treatments etc.............................

You are so blind and short-sighted fab4 lol

Not spa treatments, but he and others (perhaps) have the ability to influence the law and other aspects to allow them to use controversial medical treatments at VERY high cost that would not be allowed in other countries. Do some research on Villa Medica, very expensive, "interesting" (and costly) medical treatments.

[p_brownstone]

He must have ticked someone off for them to jump on his case - the amounts involved are peanuts compared to what some other politicians are hiding.

Patrick

[noodle]

As others have inferred, this is just another red herring for the sheep to bleat about.

B17M is relative peanuts.

[newcomer71]

Should be locked up for five years, have about half of his assets seized and be banned from politics for life. They just need to use one of these slimeball's as an example of what will happen if you are not honest.

Dream on.....Next !

I guess the ban from politics for 5 years is what he deserves. Not seize of assets regularly owned.

[Melyn]

Bring back the guillotine

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[Arkady]

He will likely have a year in appeals before him, and enjoy his bail, and pay the right people off during that time.... This is Thailand, he won't go to jail.

Reforms please.....

woopydoo, at last we're in agreement - reform of the judicial system is way overdue.

No appeal from the Supreme Court for Political Office Holders, unless entirely new evidence can be produced.

[Halion]

You are simply condoning such misrepresentation unless the penalty's for misscreant actions are severe.

These people represent the government and the natiion as a whole and is is both prudent and essential that they are held to a higher standard.

It should incur jail time and a total ban from political office for life.

[kimamey]

He will likely have a year in appeals before him, and enjoy his bail, and pay the right people off during that time.... This is Thailand, he won't go to jail.

Reforms please.....

woopydoo, at last we're in agreement - reform of the judicial system is way overdue.

Agreed. I'm not sure it's as biased as is often suggested as all decisions don't go one way. In any judiciary you're not going to get people who have no interest in politics or anything else that they may or may not be biased about but if they do their job properly they don't let it sway their judgement. It happens all the time in other areas as well. For example doctors and nurses sometimes have to treat people they dislike or disagree with.

It's more a case of being seen to be balanced than anything else and it won't work if you just replace some of them with people who are biased in the other direction.

Hopefully the current problems will lead to electoral, judicial and independent bodies reform.