Supreme Court rejects Sondhi’s bail request

[Lite Beer]

Supreme Court rejects Sondhi’s bail request

 

BANGKOK: -- The Supreme Court has turned down the request for bail of Manager Group founder Sondhi Limthongkul and his associates who are facing a 20-year jailterm for falsifying information of an affiliated company in violation of the Securities Act.

 

The Supreme Court said there was no justification to grant them a bail because they had not yet appealed the Appeals Court’s verdict to the Supreme Court and had not asked for endorsement of their appeal.

Earlier, the Criminal Court refused to consider their request for bail and submitted the case to the Supreme Court for consideration.

Sondhi and his associates are currently held in prison pending trial by the Supreme Court.

 

Source: http://englishnews.thaipbs.or.th/supreme-court-rejects-sondhis-bail-request/?utm_source=rss&utm_medium=rss&utm_campaign=supreme-court-rejects-sondhis-bail-request

 

[thaipbs]2014-08-08[/thaipbs]

[seajae]

now this is a surprise, the courts not granting bail to the rich and powerful, maybe we are seeing the start of something worth while at last. Lets hope this catches on and more people are refused bail so they cannot simply skip the country.

Edited August 8, 2014 by seajae

[baboon]

'Hey! This wasn't part of the deal...'

[rametindallas]

For me, this news is as good as when it was reported Jutuporn had to do some jail time. He has done a lot of damage to the country and I wouldn't feel sorry for him if the spent the rest of his life in prison. Now, time for a few dozen more to also be imprisoned for life. I wonder if the NCPO had any influence on this decision.

[Thai at Heart]

Well finally, this ghastly bloke is going to get his come uppance.

 

I am really very surprised.  He is being hung out to dry after rendering quite a good service.  Without him, Thaksin would still be there.

[pedro01]

Hope enjoys his stay. Which will last till his appeal is in with the supreme court.

Weeks, maybe months. The bail, then do a runner.


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[robblok]

Hope enjoys his stay. Which will last till his appeal is in with the supreme court.

Weeks, maybe months. The bail, then do a runner.


Sent from my iPhone using Thaivisa Connect Thailand

Lets hope not.. that would be a real shame I support the anti government and yellows but this guy broke the law and was corrupt get him just like they should get others.

[baboon]

Hope enjoys his stay. Which will last till his appeal is in with the supreme court.

Weeks, maybe months. The bail, then do a runner.


Sent from my iPhone using Thaivisa Connect Thailand

Check the title again: "Supreme Court rejects Sondhi's bail request."

[robblok]

For me, this news is as good as when it was reported Jutuporn had to do some jail time. He has done a lot of damage to the country and I wouldn't feel sorry for him if the spent the rest of his life in prison. Now, time for a few dozen more to also be imprisoned for life. I wonder if the NCPO had any influence on this decision.

Seems that those that are anti government don't moan so much when an obvious crook is taken down like the other side who always say its political ect ect.

[96tehtarp]

This is very interesting. Actions speak for themselves.

[tominbkk]

At least he faced the court, unlike the coward of Dubai.

[JohnThailandJohn]

 

Hope enjoys his stay. Which will last till his appeal is in with the supreme court.

Weeks, maybe months. The bail, then do a runner.


Sent from my iPhone using Thaivisa Connect Thailand

Check the title again: "Supreme Court rejects Sondhi's bail request."

 

 

Based on the article it sounds like it could end up in the Supreme Court again as the reason for their denial was jurisdiction since they had first not appealed to the appeals court. Assuming they now need to go back and do that and then if denied bring it back to the Supreme court assuming they can meet any possible deadlines for filing.  Kind of surprised a man of his means would have such an incompetent lawyer ... actually I don't believe it and believe something else is up we don't know.  The supreme court, probably in every country which has one, only hears cases after they have been exhausted elsewhere. You can't go right from the sentencing or bail judge and file a supreme court case, there are other avenues that must be tried first.

[MAJIC]

If the Military Junta's purge on corruption is to be credible,then somebody has got to do some Jail time!

[edwardandtubs]

Be realistic people. Do you really think he's in the piss-stinking, cockroach infested, overcrowded hell holes they keep the poor people? He's in some luxury detention facility and will be free in a few weeks, just like the Red Bull heir and all the other rich crooks in Thailand.

[MaiChai]

Seems a very steep sentence compared to other crimes in Thailand. How many terrible crimes in Thailand have resulted in short periods of prison time? He appears to have upset someone important ?

[Arkady]

For me, this news is as good as when it was reported Jutuporn had to do some jail time. He has done a lot of damage to the country and I wouldn't feel sorry for him if the spent the rest of his life in prison. Now, time for a few dozen more to also be imprisoned for life. I wonder if the NCPO had any influence on this decision.

The interesting aspect is that the conviction is for fraud not for anything to do with his PAD activities which might create a lot of sympathy in the anti-Thaksin camp. This fraudulent loan case was the main reason the Bank of Thailand vetoed the extension of Viroj Nualkhair's term as CEO of KTB when Thaksin was PM. There have many other blatant thefts from KTB by prominent persons, mainly politicians who borrowed against worthless collateral, but Sondhi is one of the few culprits who have ever been brought to justice. Hopefully this case will allow it to function more as a real bank and less of a politicians' piggy bank.


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[Lite Beer]

Sondhi refused bail
The Nation 
 

BANGKOK: -- The Supreme Court has denied bail for media tycoon and former yellow shirt leader Sondhi Limthongkul after the Appeals Court confirmed his 20-year prison sentence for violating the Securities and Exchange Act.

His lawyer submitted a Bt10-million bail application as he plans to appeal to the Supreme Court.

The Supreme Court turned down the release request Friday because it believed Sondhi might attempt to flee the country.

The Appeals Court on Thursday upheld the primary court’s verdict.

Sondhi was accused of falsifying documents that were used as collateral for a Bt1-billion loan for his media empire, the Manager Media Group.

In its verdict, the court stated that Sondhi and three other Manager Media Group board members falsified a loan guarantee document from 1996 to 1998 to get the Krungthai Bank loan for a private company in which Sondhi was the majority shareholder.

It said the other board members were not aware of the fraud and did not give their approval.

The court also ruled that Sondhi and the three board members committed accounting fraud by not including the company’s status as the loan guarantor in its financial report, which misled investors.

 

Source: http://www.nationmultimedia.com/politics/Sondhi-refused-bail-30240625.html

 

[thenation]2014-08-09[/thenation]

[Arkady]

Seems a very steep sentence compared to other crimes in Thailand. How many terrible crimes in Thailand have resulted in short periods of prison time? He appears to have upset someone important ?

Although he was apparently nailed on a technicality, the sentence must be related to the size of the fraudulent loan that resulted from it which was a billion baht.

It may be a coincidence that the SEC, which initiated the case is petitioning the NCPO for legislation to allow it prosecute fraud cases by itself. This is a very rare case that even got to court. Most of the SEC's fraud cases involving prominent persons have been quashed by the police or the attorney general for obvious reasons. This is an example of what the SEC could do if it had its own power of prosecution like the NACC. Otherwise it is largely toothless. AMLO is also pushing for the same powers. Another important reform would be to make the SEC (and AMLO) independent of the finance ministry and justice ministry respectively and make them more like independent agencies. The level of fraud in the market involving inside trading and lack of disclosure of reportable trades concealed thro offshore nominees is staggering. Time to level the playing field a bit.

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[Boxclever]

Khun Thaksin must be loving this... :)

[Chang_paarp]

 

Seems a very steep sentence compared to other crimes in Thailand. How many terrible crimes in Thailand have resulted in short periods of prison time? He appears to have upset someone important ?

Although he was apparently nailed on a technicality, the sentence must be related to the size of the fraudulent loan that resulted from it which was a billion baht.

It may be a coincidence that the SEC, which initiated the case. Is petitioning the NCPO for legislation to allow it prosecute fraud cases by itself. This is a very rare case that even got to court. Most of the SEC's fraud cases involving prominent persons have been quashed by the police or the attorney general for obvious reasons. This is an example of what the SEC could do if it had its own power of prosecution like the NACC. AMLO is also pushing for the same powers.


Sent from my iPhone using Thaivisa Connect Thailand

 

 

According to previous articles, it 17 counts each carrying 5 years, thus 85 years. The sentences are to be served consecutively as opposed to concurrently which happens in other parts of the world. Thai law limits the total custodial sentence to 20 years, so Sondhi is effectively sentenced to 20 years which given his age is a life sentence.

 

This supreme court decision is about bail. Sondhi's legal team will now take the appeal against the appeal court's decision (and the original conviction) to the supreme court. In the mean time Sondhi will cool his heels in prison.
 

[rametindallas]

 

For me, this news is as good as when it was reported Jutuporn had to do some jail time. He has done a lot of damage to the country and I wouldn't feel sorry for him if the spent the rest of his life in prison. Now, time for a few dozen more to also be imprisoned for life. I wonder if the NCPO had any influence on this decision.

The interesting aspect is that the conviction is for fraud not for anything to do with his PAD activities which might create a lot of sympathy in the anti-Thaksin camp. This fraudulent loan case was the main reason the Bank of Thailand vetoed the extension of Viroj Nualkhair's term as CEO of KTB when Thaksin was PM. There have many other blatant thefts from KTB by prominent persons, mainly politicians who borrowed against worthless collateral, but Sondhi is one of the few culprits who have ever been brought to justice. Hopefully this case will allow it to function more as a real bank and less of a politicians' piggy bank.


Sent from my iPhone using Thaivisa Connect Thailand

 

The US government took down the gangster, Al Capone, for tax evasion. However you can get them, as long as you get them, is fine by me.

[Arkady]

 

For me, this news is as good as when it was reported Jutuporn had to do some jail time. He has done a lot of damage to the country and I wouldn't feel sorry for him if the spent the rest of his life in prison. Now, time for a few dozen more to also be imprisoned for life. I wonder if the NCPO had any influence on this decision.

The interesting aspect is that the conviction is for fraud not for anything to do with his PAD activities which might create a lot of sympathy in the anti-Thaksin camp. This fraudulent loan case was the main reason the Bank of Thailand vetoed the extension of Viroj Nualkhair's term as CEO of KTB when Thaksin was PM. There have many other blatant thefts from KTB by prominent persons, mainly politicians who borrowed against worthless collateral, but Sondhi is one of the few culprits who have ever been brought to justice. Hopefully this case will allow it to function more as a real bank and less of a politicians' piggy bank.


Sent from my iPhone using Thaivisa Connect Thailand
 

The US government took down the gangster, Al Capone, for tax evasion. However you can get them, as long as you get them, is fine by me.

Maybe another case in the offing. Sondhi didn't pay tax on the billion baht income he received from Krung Thai Bank either.


Sent from my iPhone using Thaivisa Connect Thailand

[chooka]

But he is a yellow shirt and this can't be happening, Yellow shirts are squeaky clean and beyond criticism.  Maybe now people may just start to understand that corruption and other criminal activities are spread across both sides and not exclusive to red shirts.

[Mmorris]

Be realistic people. Do you really think he's in the piss-stinking, cockroach infested, overcrowded hell holes they keep the poor people? He's in some luxury detention facility

Please provide ANY additional information/links/sources/photos for this facility that only exists in your imagined mind. :rolleyes:

 

 

[Mmorris]

But he is a yellow shirt and this can't be happening, Yellow shirts are squeaky clean and beyond criticism.  Maybe now people may just start to understand that corruption and other criminal activities are spread across both sides and not exclusive to red shirts.

For the benefit of the apparently clueless, the time frame of his crime is repeated :

"1996 to 1998" AKA a full decade before yellow shirts

. Edited August 9, 2014 by Mmorris

[robblok]

But he is a yellow shirt and this can't be happening, Yellow shirts are squeaky clean and beyond criticism.  Maybe now people may just start to understand that corruption and other criminal activities are spread across both sides and not exclusive to red shirts.

Yes but if you read the other topics about this you will see that Yellow shirt / anti government protesters are applauding this instead of saying its political like the red shirts do about Taksin and YL. I am really really happy they went after him and got him (still have to see if they will get him) I have seen other known yellow posters also applauding it. Total difference from the like of Fab4 and others who look at any excuse for their side. 

 

If Suthep is next for something.. count me to those who applaud then to. He might have done the country a service by ridding it of Taksin but that does not excuse his other crimes.

[oneday]

The justice system in this country is upside-down.  This guy who did not physically harm anyone can't get bail and gets 20 years in jail, but convicted murderers can get bail so they can go out again and kill.  Doctor's who cut up their ex-wives only go to jail for 10 years, but a husband and wife who look for food in a National Park go to jail for many years.

Edited August 9, 2014 by oneday

[soalbundy]

'Hey! This wasn't part of the deal...'

My goodness,is that the time already.

[smutcakes]

Looks like the powers that be are letting their once main man fall under the bus, as he is a liability and no longer needed now they have what they want.

 

Its a win win for them, lock up this blabber mouth and appear to be impartial, whereas really they wanted to get rid of him anyway.

 

(I am still very skeptical he will serve any real time though, the supreme court nearly as much as saying that if he goes through the proper channels he is likely to get bail-would be the ultimate twist if TS and this fella eventually joined forces!)

[ezzra]

He should have killed and dismembered some one and flushed down the crapper he's get only few year and

he's good to go again...