Pheu Thai legal aide asks PM to probe anti-corruption agency on FSRA

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Pheu Thai legal aide asks PM to probe anti-corruption agency on FSRA
By Digital Content



BANGKOK, Nov 17 -- Ruangkrai Leekitwattana, a Pheu Thai Party legal aide, has asked the prime minister to probe the operations of the National Anti-Corruption Commission (NACC) relating to its stance on the past sales of assets of bankrupt financial institutions.

Mr Ruengkrai said the prime minister should look into the NACC's work on the case of the now defunct Financial Sector Restructuring Authority (FSRA) as the statute of limitations takes effect Nov 30.

The Financial Sector agency was set up to buy and sell assets of bankrupt financial institutions after the 1997 economic crisis.

Critics argue that the agency sold the assets at an unusually low price.

Mr Ruengkrai said he suspected the NACC was lenient in the case and concealed some information from the public.

The Pheu Thai staff member said that he personally did not want the Pheu Thai Party to take part in the institutional drafting process due to the National Council for Peace and Order’s ban on public gathering which prohibits political parties from brainstorming ideas from their members.

He called on the NCPO to lift the ban.

“Pheu Thai Party should stay still and let those responsible work. It would rather wait for the election in 2015. At that time we will be ready to fight by the rule in the election,” Mr Ruengkrai said. (MCOT online news)


-- TNA 2014-11-17

[MobileContent]

When in power they should have pushed the NACC and not two weeks before the deadline

[ChrisY1]

Even their legal people are dopey..........as mentioned above, they had 3 years with their own in the NACC........pathetic to say the least!

[iReason]

"... asked the prime minister to probe the operations of the National Anti-Corruption Commission (NACC)"

[chainarong]

These allegations need clarification, unless there is more substantial information instead of just , critics argued that they sold at unusual low prices, not good enough , this belly aching seems to still be with PTP and this allegation could be , but not necessary, sour grapes, allegations at this stage look soft, more evidence Ruangkrai. instead of hear say.

[scorecard]

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Even their legal people are dopey..........as mentioned above, they had 3 years with their own in the NACC........pathetic to say the least!

Just wondering whether this is a ploy about the yingluck case.

[bangrak]

Pheu Thai legal aide has no knowledge of Thai institutions, nor about how 'democracy' should work, so it seems... He asks the PM, the chief of the Executive Power, to probe an anti-corruption agency while he should know these agencies are NOT under the control of the Executive, and thank God for that, as one of their tasks it is to control the Executive...! Let's just hope that the PM knows too, as a PM should...

Maybe the Pheu Thai legal aide should have asked the chief of the NCPO, he can do what he wants, he's outside of 'democracy' anyway, and by the way, it's the same man... Must not be easy for the General to know which hat to pick when going to work in the morning actually...

P.S.: Don't tell us that PTP still lives according to that Thaksin dream it is to bring all controlling agencies under the authority of the Executive, for the sake of what 'he' considers to be 'democracy', but others, non-brainwashed UDDers, would call 'dictatorship'...

Edited November 17, 2014 by bangrak

[Anthony5]

Mr Ruengkrai said he suspected the NACC was lenient in the case and concealed some information from the public.

Indeed they concealed some information from the public, in that the fugitive Thaksin Shinawatra was at the foundation of the crisis that caused the bankruptcy of those financial institutions.

Maybe the real issue is that they didn't sell them to him?

Edited November 17, 2014 by Anthony5

[bangrak]

After the 1997 economic crisis? Wasn't Thaksin in charge then? Don't tell us anything corrupt might have happened in the Dr's time, for the NACC to investigate! The FSRA sold the assets at an unusually low price? Tell us more young man, like to whom those assets were sold, maybe some names would not be totally unknown of us... You said A, now we want a B, a C, etc., we want it all, and now! Or are you just coming up with this now (and not the PTP years ago) because it's the NACC, and the NACC might prove to be a bit of a nail in your Yingluck's political coffin, na-ah, that would be too low...

[Anthony5]

After the 1997 economic crisis? Wasn't Thaksin in charge then? Don't tell us anything corrupt might have happened in the Dr's time, for the NACC to investigate! The FSRA sold the assets at an unusually low price? Tell us more young man, like to whom those assets were sold, maybe some names would not be totally unknown of us... You said A, now we want a B, a C, etc., we want it all, and now! Or are you just coming up with this now (and not the PTP years ago) because it's the NACC, and the NACC might prove to be a bit of a nail in your Yingluck's political coffin, na-ah, that would be too low...

There have been reports at that time that Thaksin shipped wooden crates full of dollars out of Thailand shortly before the Baht crashed,.

http://en.wikipedia.org/wiki/Thaksin_Shinawatra%27s_entry_into_politics

Deputy Prime Minister in the Chavalit government

On 15 August 1997, Thaksin was invited to become Deputy Prime Minister in Chavalit Yongchaiyudh's government. This occurred soon after the Thai Baht was floated and devalued in 2 July 1997, sparking the Asian Financial Crisis. Thaksin held this position for only 3 months, leaving on November 14 after Chavalit resigned.

During an unsuccessful censure debate on 27 September 1997, Democrat Suthep Thaugsuban accused Thaksin of profiting on insider information about the government's decision to float the Baht.^[4] However, this accusation was not investigated during the subsequent Democrat or TRT governments^[5] During 1997, Thaksin's flagship company AIS suffered 1.8 billion THB in foreign exchange losses and saw its debt more than double due to the devaluation. However, critics have alleged that Thaksin's businesses suffered much less from the devaluation than rival companies.^[6]

[rickirs]

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When in power they should have pushed the NACC and not two weeks before the deadline

Really, how does the executive branch of government "push" an Independent Organization under the 2007 Constitution? There was no check and balance on the NACC. There is now through the NCPO if and when it decides to "push" the NACC. All three branches of the government now operate under the auspices of the NCPO. I suspect the NCPO will not push the NACC on this particular matter as it does not want to divert its energies seeking impeachments against PTP government members.

[mike324]

Lets see who was in power after 1997? TRT and PTP for the better part of the decade, yet they didn't move a single finger. They are only raising the red flag about the NACC so Yingluck won't be charged. Typical PTP move, take out those that threaten the Thaksin family.

[Baerboxer]

Lets see who was in power after 1997? TRT and PTP for the better part of the decade, yet they didn't move a single finger. They are only raising the red flag about the NACC so Yingluck won't be charged. Typical PTP move, take out those that threaten the Thaksin family.

Of course that's their tactic. Do they actually have any evidence of wrongdoing or his it all is suspicions? Thaksin controlled parties were in government for most part since then. Why wait until now.

They don't really want it investigating - some of their own might be implicated. It's another straw man put up so they can whine about poor Yinggy not being treated fairly.

Sod the poor farmers she lied to and ruined, and the Ombudsman she repeatedly refused to answer, or the bereaved of those murdered for daring to oppose the Shin clan. As long as it's fair for dear little Yinngy.

[Baerboxer]

"The Pheu Thai staff member said that he personally did not want the Pheu Thai Party to take part in the institutional drafting process due to the National Council for Peace and Order’s ban on public gathering which prohibits political parties from brainstorming ideas from their members"

What a novel idea, brainstorming ideas from their members. Like the amnesty bill perhaps? Has he forgotten his place? Thaksin thinks, Pheu Thai acts. It means doing as your told.

[AleG]

"The Pheu Thai staff member said that he personally did not want the Pheu Thai Party to take part in the institutional drafting process due to the National Council for Peace and Order’s ban on public gathering which prohibits political parties from brainstorming ideas from their members"

What a novel idea, brainstorming ideas from their members. Like the amnesty bill perhaps? Has he forgotten his place? Thaksin thinks, Pheu Thai acts. It means doing as your told.

Maybe someone should clue them in on what a ban on public gatherings means?

Barring that I'm sure they can talk about politics on their overseas junkets with Thaksin... oh, I forgot, they never talk politics on those.

[animatic]

These PTP numpties don't do IRONY well do they?

Apparently they don't even see how much of a joke they become with statements like this.

Edited November 17, 2014 by animatic

[Eric Loh]

The amount of this scam was mammoth at almost 500B Baht in 1997. Extrapolate that amount to current times, it exceed the rice scheme case investigated by NACC. Thaksin did ordered an investigation to the big loss of asset price and the dodgy unexplained reasons why the they were sold at ridicously low prices. Who during the Chuan administration benefited from this fire sale? Are there corruption involved. Yet the case was procrastinated and investigations were blocked by the investigating agencies. The NACC has lots to answer for not pursuing this big scam.

[Valentine]

After the 1997 economic crisis? Wasn't Thaksin in charge then? Don't tell us anything corrupt might have happened in the Dr's time, for the NACC to investigate! The FSRA sold the assets at an unusually low price? Tell us more young man, like to whom those assets were sold, maybe some names would not be totally unknown of us... You said A, now we want a B, a C, etc., we want it all, and now! Or are you just coming up with this now (and not the PTP years ago) because it's the NACC, and the NACC might prove to be a bit of a nail in your Yingluck's political coffin, na-ah, that would be too low...

There have been reports at that time that Thaksin shipped wooden crates full of dollars out of Thailand shortly before the Baht crashed,.

http://en.wikipedia.org/wiki/Thaksin_Shinawatra%27s_entry_into_politics

Deputy Prime Minister in the Chavalit government

On 15 August 1997, Thaksin was invited to become Deputy Prime Minister in Chavalit Yongchaiyudh's government. This occurred soon after the Thai Baht was floated and devalued in 2 July 1997, sparking the Asian Financial Crisis. Thaksin held this position for only 3 months, leaving on November 14 after Chavalit resigned.

During an unsuccessful censure debate on 27 September 1997, Democrat Suthep Thaugsuban accused Thaksin of profiting on insider information about the government's decision to float the Baht.^[4] However, this accusation was not investigated during the subsequent Democrat or TRT governments^[5] During 1997, Thaksin's flagship company AIS suffered 1.8 billion THB in foreign exchange losses and saw its debt more than double due to the devaluation. However, critics have alleged that Thaksin's businesses suffered much less from the devaluation than rival companies.^[6]

Mr T & others who were on the inside must have amassed huge fortunes from this & seems like it will never be investigated. The crisis was actually precipitated by the fall of the Bangkok Bank of Commerce & after years of court proceedings Saxena was finally repatriated back to Thailand from Canada to face charges. I know he has appeared in court but has he been sentenced or is this going to fade quietly away.

[Baerboxer]

After the 1997 economic crisis? Wasn't Thaksin in charge then? Don't tell us anything corrupt might have happened in the Dr's time, for the NACC to investigate! The FSRA sold the assets at an unusually low price? Tell us more young man, like to whom those assets were sold, maybe some names would not be totally unknown of us... You said A, now we want a B, a C, etc., we want it all, and now! Or are you just coming up with this now (and not the PTP years ago) because it's the NACC, and the NACC might prove to be a bit of a nail in your Yingluck's political coffin, na-ah, that would be too low...

There have been reports at that time that Thaksin shipped wooden crates full of dollars out of Thailand shortly before the Baht crashed,.

http://en.wikipedia.org/wiki/Thaksin_Shinawatra%27s_entry_into_politics

Deputy Prime Minister in the Chavalit government

On 15 August 1997, Thaksin was invited to become Deputy Prime Minister in Chavalit Yongchaiyudh's government. This occurred soon after the Thai Baht was floated and devalued in 2 July 1997, sparking the Asian Financial Crisis. Thaksin held this position for only 3 months, leaving on November 14 after Chavalit resigned.

During an unsuccessful censure debate on 27 September 1997, Democrat Suthep Thaugsuban accused Thaksin of profiting on insider information about the government's decision to float the Baht.^[4] However, this accusation was not investigated during the subsequent Democrat or TRT governments^[5] During 1997, Thaksin's flagship company AIS suffered 1.8 billion THB in foreign exchange losses and saw its debt more than double due to the devaluation. However, critics have alleged that Thaksin's businesses suffered much less from the devaluation than rival companies.^[6]

Mr T & others who were on the inside must have amassed huge fortunes from this & seems like it will never be investigated. The crisis was actually precipitated by the fall of the Bangkok Bank of Commerce & after years of court proceedings Saxena was finally repatriated back to Thailand from Canada to face charges. I know he has appeared in court but has he been sentenced or is this going to fade quietly away.

Strange that anything that involves Dr. T always reeks of corruption and he or his family always profit vastly from it.

[Eric Loh]

After the 1997 economic crisis? Wasn't Thaksin in charge then? Don't tell us anything corrupt might have happened in the Dr's time, for the NACC to investigate! The FSRA sold the assets at an unusually low price? Tell us more young man, like to whom those assets were sold, maybe some names would not be totally unknown of us... You said A, now we want a B, a C, etc., we want it all, and now! Or are you just coming up with this now (and not the PTP years ago) because it's the NACC, and the NACC might prove to be a bit of a nail in your Yingluck's political coffin, na-ah, that would be too low...

There have been reports at that time that Thaksin shipped wooden crates full of dollars out of Thailand shortly before the Baht crashed,.

http://en.wikipedia.org/wiki/Thaksin_Shinawatra%27s_entry_into_politicsDeputy Prime Minister in the Chavalit government

On 15 August 1997, Thaksin was invited to become Deputy Prime Minister in Chavalit Yongchaiyudh's government. This occurred soon after the Thai Baht was floated and devalued in 2 July 1997, sparking the Asian Financial Crisis. Thaksin held this position for only 3 months, leaving on November 14 after Chavalit resigned.

During an unsuccessful censure debate on 27 September 1997, Democrat Suthep Thaugsuban accused Thaksin of profiting on insider information about the government's decision to float the Baht.^[4] However, this accusation was not investigated during the subsequent Democrat or TRT governments^[5] During 1997, Thaksin's flagship company AIS suffered 1.8 billion THB in foreign exchange losses and saw its debt more than double due to the devaluation. However, critics have alleged that Thaksin's businesses suffered much less from the devaluation than rival companies.^[6]

Mr T & others who were on the inside must have amassed huge fortunes from this & seems like it will never be investigated. The crisis was actually precipitated by the fall of the Bangkok Bank of Commerce & after years of court proceedings Saxena was finally repatriated back to Thailand from Canada to face charges. I know he has appeared in court but has he been sentenced or is this going to fade quietly away.

Strange that anything that involves Dr. T always reeks of corruption and he or his family always profit vastly from it.

Only strange if it's fictional. The asset disposal scam was managed by Chuan government. It was so full of irregularities, broken rules and questionable transactions that the DSI levied 10 charges against Chuan. Big question was why the assets were sold at heavily discounted price and who benefited. The case has been sitting in the shelves and gathering dust for years inspite of pressure from Thaksin and the Red Shirts. Yes, the case reeks of corruption and only Chuan will know who benefitted vastly from this scam.

[billd766]

After the 1997 economic crisis? Wasn't Thaksin in charge then? Don't tell us anything corrupt might have happened in the Dr's time, for the NACC to investigate! The FSRA sold the assets at an unusually low price? Tell us more young man, like to whom those assets were sold, maybe some names would not be totally unknown of us... You said A, now we want a B, a C, etc., we want it all, and now! Or are you just coming up with this now (and not the PTP years ago) because it's the NACC, and the NACC might prove to be a bit of a nail in your Yingluck's political coffin, na-ah, that would be too low...

Actually no Thaksin was NOT in charge after the 1997 financial though he was certainly in the Banharn and Chavalit governments that caused it.

After the crisis the Democrats under Chuan Leekpai cleared up most of the mess caused by the 2 previous governments and then there was an election in which Thaksin Shinawatra was elected PM and the TRT were in power.

It was claimed by many that Thaksin personally used his own funds to repay the final amount of debt to the IMF but in truth he used the taxpayers money. Another popular (false) rumour.

[billd766]

Lets see who was in power after 1997? TRT and PTP for the better part of the decade, yet they didn't move a single finger. They are only raising the red flag about the NACC so Yingluck won't be charged. Typical PTP move, take out those that threaten the Thaksin family.

Try looking here for some better information.

http://en.wikipedia.org/wiki/List_of_Prime_Ministers_of_Thailand

[billd766]

The amount of this scam was mammoth at almost 500B Baht in 1997. Extrapolate that amount to current times, it exceed the rice scheme case investigated by NACC. Thaksin did ordered an investigation to the big loss of asset price and the dodgy unexplained reasons why the they were sold at ridicously low prices. Who during the Chuan administration benefited from this fire sale? Are there corruption involved. Yet the case was procrastinated and investigations were blocked by the investigating agencies. The NACC has lots to answer for not pursuing this big scam.

Yes, please tell us all WHO benefitted from the fire sale.

I am sure that you have all the knowledge at your fingertips and can't wait to spill the beans on who it really was.

Well go ahead IF you can and name the names but be sure that you name EVERYONE regardless of who their Daddy is, what their prior position was or even how rich they were.

Of course if you cannot because you have no idea and are just trying to stir the pot, it is no more tahn can be expected from you.

Poor try to deflect the topic.

[mikemac]

Only strange if it's fictional. The asset disposal scam was managed by Chuan government. It was so full of irregularities, broken rules and questionable transactions that the DSI levied 10 charges against Chuan. Big question was why the assets were sold at heavily discounted price and who benefited. The case has been sitting in the shelves and gathering dust for years inspite of pressure from Thaksin and the Red Shirts. Yes, the case reeks of corruption and only Chuan will know who benefitted vastly from this scam.

If there is a scam, and there is a member of the "Family" involved, even a village idiot full of lao khao knows who benefited from it.

[Eric Loh]

Only strange if it's fictional. The asset disposal scam was managed by Chuan government. It was so full of irregularities, broken rules and questionable transactions that the DSI levied 10 charges against Chuan. Big question was why the assets were sold at heavily discounted price and who benefited. The case has been sitting in the shelves and gathering dust for years inspite of pressure from Thaksin and the Red Shirts. Yes, the case reeks of corruption and only Chuan will know who benefitted vastly from this scam.

If there is a scam, and there is a member of the "Family" involved, even a village idiot full of lao khao knows who benefited from it.

An idiot full of Lao Khai will know that there are lots of corrupted families that have benefitted from scams and corruptions; not a family.

[Eric Loh]

The amount of this scam was mammoth at almost 500B Baht in 1997. Extrapolate that amount to current times, it exceed the rice scheme case investigated by NACC. Thaksin did ordered an investigation to the big loss of asset price and the dodgy unexplained reasons why the they were sold at ridicously low prices. Who during the Chuan administration benefited from this fire sale? Are there corruption involved. Yet the case was procrastinated and investigations were blocked by the investigating agencies. The NACC has lots to answer for not pursuing this big scam.

Yes, please tell us all WHO benefitted from the fire sale.

I am sure that you have all the knowledge at your fingertips and can't wait to spill the beans on who it really was.

Well go ahead IF you can and name the names but be sure that you name EVERYONE regardless of who their Daddy is, what their prior position was or even how rich they were.

Of course if you cannot because you have no idea and are just trying to stir the pot, it is no more tahn can be expected from you.

Poor try to deflect the topic.

Isn't this a dumb and stupid question to ask? We don't know which is why people like Khun Ruangkrai is pressuring the DSI to open the case. The culprits are getting away and you accused me of deflecting the topic. Seem you see corruption in different Coloured glasses. Tell you, the questionable fire sales were managed by Chuan government not Thaksin. Now you can speculate on the culprits.

[Thai at Heart]

After the 1997 economic crisis? Wasn't Thaksin in charge then? Don't tell us anything corrupt might have happened in the Dr's time, for the NACC to investigate! The FSRA sold the assets at an unusually low price? Tell us more young man, like to whom those assets were sold, maybe some names would not be totally unknown of us... You said A, now we want a B, a C, etc., we want it all, and now! Or are you just coming up with this now (and not the PTP years ago) because it's the NACC, and the NACC might prove to be a bit of a nail in your Yingluck's political coffin, na-ah, that would be too low...

Um, no, he wasn't in charge then....

[billd766]

Only strange if it's fictional. The asset disposal scam was managed by Chuan government. It was so full of irregularities, broken rules and questionable transactions that the DSI levied 10 charges against Chuan. Big question was why the assets were sold at heavily discounted price and who benefited. The case has been sitting in the shelves and gathering dust for years inspite of pressure from Thaksin and the Red Shirts. Yes, the case reeks of corruption and only Chuan will know who benefitted vastly from this scam.

If there is a scam, and there is a member of the "Family" involved, even a village idiot full of lao khao knows who benefited from it.

An idiot full of Lao Khai will know that there are lots of corrupted families that have benefitted from scams and corruptions; not a family.

So name the names, provide some links, show some proof. If you cannot or will not then please desist from posting unsubstatiated rumours because that is all you are doing.

That and trying to deflect the post once again, and failing, once again.

[Eric Loh]

Only strange if it's fictional. The asset disposal scam was managed by Chuan government. It was so full of irregularities, broken rules and questionable transactions that the DSI levied 10 charges against Chuan. Big question was why the assets were sold at heavily discounted price and who benefited. The case has been sitting in the shelves and gathering dust for years inspite of pressure from Thaksin and the Red Shirts. Yes, the case reeks of corruption and only Chuan will know who benefitted vastly from this scam.

If there is a scam, and there is a member of the "Family" involved, even a village idiot full of lao khao knows who benefited from it.

An idiot full of Lao Khai will know that there are lots of corrupted families that have benefitted from scams and corruptions; not a family.

So name the names, provide some links, show some proof. If you cannot or will not then please desist from posting unsubstatiated rumours because that is all you are doing.

That and trying to deflect the post once again, and failing, once again.

I don't feed troll.

[mike324]

Only strange if it's fictional. The asset disposal scam was managed by Chuan government. It was so full of irregularities, broken rules and questionable transactions that the DSI levied 10 charges against Chuan. Big question was why the assets were sold at heavily discounted price and who benefited. The case has been sitting in the shelves and gathering dust for years inspite of pressure from Thaksin and the Red Shirts. Yes, the case reeks of corruption and only Chuan will know who benefitted vastly from this scam.

If there is a scam, and there is a member of the "Family" involved, even a village idiot full of lao khao knows who benefited from it.

An idiot full of Lao Khai will know that there are lots of corrupted families that have benefitted from scams and corruptions; not a family.

So name the names, provide some links, show some proof. If you cannot or will not then please desist from posting unsubstatiated rumours because that is all you are doing.

That and trying to deflect the post once again, and failing, once again.

YIngluck already said the millers are corrupt, the proof is straight from the horses mouth. The rice sales proved that PTP didn't sell any rice, so the entire PTP has been lying as well. Do you need me to name all the PTP MPs here? I'm sure you know that too, but just can't admit that some folks can do no wrong.

We can list names all day long, but you will just say where is the proof show me the proof, even if we have proof you will probably brush it aside. I mean in Yinglucks case, the proof is right in front of everyones eyes and ears, let me guess you will say she is not charged so innocent until proven guilty...etc etc

Oh yes in case you are wondering what I think of PTP's opposition, yes they are corrupted to the core as well.