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NACC to ask Finance Ministry to file damage suit against Yingluck and Boonsong


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Posted

NACC to ask Finance Ministry to file damage suit against Yingluck and Boonsong

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BANGKOK: -- The National Anti-Corruption Commission (NACC) will officially ask the Finance Ministry to file damage suit to demand compensation for the enormous loss of 600 billion baht in the rice-pledging scheme from Ms Yingluck Shinawatra and her relevant cabinet ministers.

The request for pursuing legal case in the Civil Court against the Yingluck government was revealed by Mr Vicha Mahakun, a member and spokesman of the NACC yesterday.

He said the full board of the NACC met yesterday with a resolution that a formal request would be made to the Finance Ministry to demand compensation of between 500-600 billion baht from the Yingluck government over damages inflicted on the state by her rice-pledging scheme.

In the request, the NACC will advise the ministry to await the investigation case file of the rice-pledging scheme of Ms Yingluck, and the investigation case file involving former Commerce Minister Boonsong Teriyapirom in the G-to-G rice deal with China which it will send to the ministry to make decision on whom and how much it will seek compensation from.

He also disclosed latest development in the meeting between the NACC and the Office of the Attorney-General (OAG) on its proposed prosecution of Ms Yingluck over the rice-pledging scheme saying that the NACC has invited a Thailand Development Research Institute (TDRI) researcher Nipon Puapongsakorn to give information on the rice-pledging scheme as had earlier agreed upon at the joint meeting of the NACC and the OAG.

Mr Vicha expressed hope that the OAG would have no further objection to pursue court action against wrongdoers after the TDRI expert on rice-pledging scheme has given his information to the OAG.

Mr Vicha said further that the NACC’s subcommittee has finished its investigation in the G-to-G rice deal and will submit its report to the full NACC board for approval early next year.

He said although there are more issues added to the committee to look into, but the NACC will go ahead to indict charges on six state officials and 15 civilians before deliberating the new issues.

He added that investigation of the rice deals revealed 14 additional Chinese private companies were involved in the export of 14 million tons of rice in addition to the two original companies, Hainan and Guangdong.

Source: http://englishnews.thaipbs.or.th/nacc-ask-finance-ministry-file-damage-suit-yingluck-boonsong

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-- Thai PBS 2014-12-30

  • Like 1
Posted

He said the full board of the NACC met yesterday with a resolution that a formal request would be made to the Finance Ministry to demand compensation of between 500-600 billion baht from the Yingluck government over damages inflicted on the state by her rice-pledging scheme.

In the request, the NACC will advise the ministry to await the investigation case file of the rice-pledging scheme of Ms Yingluck, and the investigation case file involving former Commerce Minister Boonsong Teriyapirom in the G-to-G rice deal with China which it will send to the ministry to make decision on whom and how much it will seek compensation from.

Isn't this all a little ass about face. We are going to request you do something before we allow you to look at our evidence? How dumb are they going to look if the finance ministry lawyers refuse to go forward with any case?

Posted

What goes round comes round. A proudly presented as 'self-financing' scheme lost 600 billion Baht. Pure negligence and possibly criminally so.

BTW anyone remember this ?

"A former Thai central bank governor has been fined 186bn baht ($4.6bn; £2.5bn) for his leading role in the country's 1997 financial crash."

http://news.bbc.co.uk/2/hi/business/4595985.stm

  • Like 2
Posted

Crazy... first, Yingluk is not in charge of daily administration of the program. Thailand is just crazy!! Its all politics & no common sense. So every govt program that does not perfirm to plan (Due to market conditions) results in politiciams paying for losses? Crazy!!

Posted

What goes round comes round. A proudly presented as 'self-financing' scheme lost 600 billion Baht. Pure negligence and possibly criminally so.

BTW anyone remember this ?

"A former Thai central bank governor has been fined 186bn baht ($4.6bn; £2.5bn) for his leading role in the country's 1997 financial crash."

http://news.bbc.co.uk/2/hi/business/4595985.stm

http://www.bot.or.th/English/AboutBOT/Governors/Pages/GovReungchai.aspx

cademic Services and Professional Affiliations

- Deputy Managing Director, Krung Thai Bank

- Chairman, Financial Institutions Development Fund

- Director, Exchange Equalization Fund

- Director, Economic and Social Development Committee

- Director, Board of Directors, The Securities and Exchange Commission

- Honorary Director, National Science and Technology Development Committee

- Honorary Director, University Council, King Mongkut Institute of Technology

Look at the last entry. Seems like a most unfortunate gentleman.

Posted

In legaleze, which I unfortunately speak, setting this precedent makes it so that every future politician is directly responsible for any legislation they sign or chair. A great idea that will never come true.

This will be a selective enforcement. No prior lawmakers or future lawmakers will be subjected to this.

It is plainly a farrago.

Posted

Accountability huh? What about the <deleted> Suthep who singlehandedly held Thailand hostage to his own selfish wants and desires??? And then ran away to the <deleted> monkhood. Are you kidding me? That crap led to the hostage taking of Thailand by a military coup hell bent on purging the government and sending thailand back into dark ages. Accountability is very selective in Thailand. If you're not a part of the "in crowd" you are held accountable. Why not hold the current PM responsible for all the innocent children and women teacher killings by terrorists in the south since he has failed to do anything what so ever to fix that situation?? Hows that for fair accountability? <deleted> thai visa idiots dont have a clue about life except whats at the bottom of your current beer bottle.

  • Like 1
Posted

Accountability huh? What about the <deleted> Suthep who singlehandedly held Thailand hostage to his own selfish wants and desires??? And then ran away to the <deleted> monkhood. Are you kidding me? That crap led to the hostage taking of Thailand by a military coup hell bent on purging the government and sending thailand back into dark ages. Accountability is very selective in Thailand. If you're not a part of the "in crowd" you are held accountable. Why not hold the current PM responsible for all the innocent children and women teacher killings by terrorists in the south since he has failed to do anything what so ever to fix that situation?? Hows that for fair accountability? <deleted> thai visa idiots dont have a clue about life except whats at the bottom of your current beer bottle.

Oh dear, struck a nerve have I? Instead of attempting to change the subject and throwing up strawman arguments, why don't you address the issue of why the Yingluk government should NOT be held accountable for its policies, and especially those hand-crafted and gift-wrapped from a fugitive criminal, and already proven to be corrupt and unworkable?

  • Like 1
Posted

In civilized countries failure of a governmental policy does not mean the person in charge is held personally responsible. <deleted> is wrong with you people trying to put the blame on a single person when its many people who make policies. And as far as trying to put up a "strawman argument" ha you guys are lost. How many millions of baht did Suthep cause this country to lose?? Id be willing to bet many more millions than that stupid rice issue. Each and everyday this country and its poor people continue to loose millions of baht because of his selfish act of holding this country hostage for all those months. <deleted> trying to put the blame on Ying, put the blame where it belongs on the BKK rich and unmentionables and their patsy boy Suthep, who by the way is sitting in the south at a monkhead just hanging out watching it all scott free. Whats good for the goose is good for the gander....

  • Like 2
Posted

It would seem that the PT and Yingluck supporters think that the loss and corruption that has gone with it should just be forgotten and the tax payer should pay up.

No problem really, let those who benefited from the corruption keep the money they scammed from the country.

Well there are others of us who think that people no matter who they are should be held accountable and made to pay for their crime and corruption and that they should be forced to return what they have illegally obtained.

In particular politicians who should be roll models and servants of the people must be held accountable for corruption and negligence in doing the job the people of the country entrusted them to do on their behalf.

In fact this is not just a loss situation it is a betrayal of trust that the electors of this country put in those who they chose to run the country on their behalf.

It is no different from the employees of a company causing the company a huge loss by negligence or straight out theft only in this case it is a country and its people who have suffered the loss.

I see we have the "But Suthep" defense trotted out by someone who hasn't the faintest idea what actually happened, always a sign of desperation.

When was she charged with corruption?

Posted

NACC is little more than an attack dog for the military victors.

A pity, as it could have been an organisation that marked real change.

  • Like 1
Posted

In legaleze, which I unfortunately speak, setting this precedent makes it so that every future politician is directly responsible for any legislation they sign or chair. A great idea that will never come true.

This will be a selective enforcement. No prior lawmakers or future lawmakers will be subjected to this.

It is plainly a farrago.

setting this precedent makes it so that every future politician is directly responsible for any

Could not agree more. Exactly like the murder case on Ahbisit and Suthep. It is political white noise.

Posted

In legaleze, which I unfortunately speak, setting this precedent makes it so that every future politician is directly responsible for any legislation they sign or chair. A great idea that will never come true.

This will be a selective enforcement. No prior lawmakers or future lawmakers will be subjected to this.

It is plainly a farrago.

setting this precedent makes it so that every future politician is directly responsible for any

Could not agree more. Exactly like the murder case on Ahbisit and Suthep. It is political white noise.

This will only work if they pass a law preventing a govt running a deficit larger than a given percentage of spending and a total deficit more than a given percentage.

Then if the policy breaks any of these, pay up.

Other than that, applying an illegal judgement to borrowing to fund a subsidy will essentially be illegal. Is thw current govt listening?

Posted

I am fed up of reading this crap because nothing ever comes of it, he asked, they asked, she asked, its like swinging handbags at each other, why do they never act with total conviction, I have been asking for a blow job off her for years still never got a straight answer

Posted

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More nonsense from the "neutral" NACC!!

If they want to sue YL, why not do it themselves??

'neutral' NACC.

The NACC ultimately have a responsibility to protect the interests of the greater Thai public and the common wealth of all Thais.

Their mandate is to seek out corruption and take action - that's what they are doing.

Or perhaps you'd prefer that the scaly politicians have clear and open access to the trough with nobody allowed to / responsibility to ask questions?

  • Like 1
Posted

In civilized countries failure of a governmental policy does not mean the person in charge is held personally responsible. <deleted> is wrong with you people trying to put the blame on a single person when its many people who make policies. And as far as trying to put up a "strawman argument" ha you guys are lost. How many millions of baht did Suthep cause this country to lose?? Id be willing to bet many more millions than that stupid rice issue. Each and everyday this country and its poor people continue to loose millions of baht because of his selfish act of holding this country hostage for all those months. <deleted> trying to put the blame on Ying, put the blame where it belongs on the BKK rich and unmentionables and their patsy boy Suthep, who by the way is sitting in the south at a monkhead just hanging out watching it all scott free. Whats good for the goose is good for the gander....

A government which positions a scheme as self-financing with nice reasons, keeps it out of the National Budget for that reason to 'simplify' administration (or a possible deficit), keeps on stating 'we listen, we adjust, we take care, all's well' and manages to lose 600 billion Baht should be held responsible. "the buck stops here" comes to mind.

Negligence is a mild verdict. Personally I would call it 'criminal'.

I agree with you, but it will be much easier to demonstrate negligence and attempts to cover up the losses. I hope they proceed with the prosecution, its a very positive step. And the a clever way to side step the political ramifications of Yingluck theoretically facing jail if is found guilty.

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