webfact Posted February 25, 2015 Share Posted February 25, 2015 Loss from Yingluck's rice pledging scheme jumps higher after latest updateBANGKOK: -- The loss from the implementation of the rice pledging scheme during the administration of former prime minister Yingluck Shinawatra rise a 19 billion baht more after latest update ending September 30 last year.Estimated loss from the scheme in May last year was 518 billion baht.According to Bangkok Post, Finance ministry’s permanent secretary Rungson Sriworasat said the latest estimate was updated to the end of fiscal 2014 from just last May 22 in the earlier estimate.He said the latest update has raised the total losses from buying 84 million tonnes of paddy in the 15 schemes from 2004-14 to almost 700 billion baht.Of this total loss in 10 years of the scheme, loss from the Yingluck government alone accounted for 537 billion, or 19 billion baht higher from last estimate, he said.Mr Rungson chairs a subcommittee overseeing accounting of all rice subsidy schemes.He said the latest estimate was based on findings from a rice inspection team under the supervision of PM’s Office Minister ML Panadda Diskul.Earlier the National Anti-Corruption Commission (NACC) has formally asked the Finance Ministry to file civil suit demanding compensation from those causing financial losses to the state from the rice pledging scheme and the fake Chinese G2G rice deals.Those persons included Ms Yingluck, former commerce minister Boonsong Teriyapirom, his deputy Poom Sarapol and 19 other high-level officials, civilians.Source: http://englishnews.thaipbs.or.th/loss-yinglucks-rice-pledging-scheme-jumps-higher-latest-update -- Thai PBS 2015-02-25 Link to comment Share on other sites More sharing options...
Popular Post Costas2008 Posted February 25, 2015 Popular Post Share Posted February 25, 2015 Playing with a few billion up or down, doesn't make any difference. Yingluck and the others are guilty as charged. They should suffer the consequences and pay for their wrongdoings. That will also teach a good lesson to future politicians. 12 Link to comment Share on other sites More sharing options...
Popular Post EricBerg Posted February 25, 2015 Popular Post Share Posted February 25, 2015 Let's hope those responsible get stripped of all their worldly goods to repay some of the immense loss. That includes the ricemill and warehouse owners as well as the civil servants that contributed their part in the stealing and the top rats like Yingluck. The missunderstood fugitive in Dubai seems to be out of range so far. But I do hope the government will try hard to bring him home. Then see how much he can cough up. He must be tha main benefactor of the theft. 15 Link to comment Share on other sites More sharing options...
Anthony5 Posted February 25, 2015 Share Posted February 25, 2015 Playing with a few billion up or down, doesn't make any difference. Yingluck and the others are guilty as charged. They should suffer the consequences and pay for their wrongdoings. That will also teach a good lesson to future politicians. Future politicians? You seem hopeful as always. 1 Link to comment Share on other sites More sharing options...
Costas2008 Posted February 25, 2015 Share Posted February 25, 2015 Playing with a few billion up or down, doesn't make any difference. Yingluck and the others are guilty as charged. They should suffer the consequences and pay for their wrongdoings. That will also teach a good lesson to future politicians. Future politicians? You seem hopeful as always. Anthony, eventually they will come. He says at the beginning of 2016.....give or take some time.......he can't prolong it. Then we, on TVF, will have all the pleasure, bashing them for their wrongdoings. It's not toooooo far away............ 1 Link to comment Share on other sites More sharing options...
Popular Post Bakseeda Posted February 25, 2015 Popular Post Share Posted February 25, 2015 But the main question still hovers around.... WHO got and where did the billions go... Name and shame them... 4 Link to comment Share on other sites More sharing options...
Bakseeda Posted February 25, 2015 Share Posted February 25, 2015 But the main question still hovers around.... WHO got and where did the billions go... Name and shame them... 2 Link to comment Share on other sites More sharing options...
Keesters Posted February 25, 2015 Share Posted February 25, 2015 But the main question still hovers around.... WHO got and where did the billions go... Name and shame them... Well you don't expect YS and her mates to have declared it do you. Link to comment Share on other sites More sharing options...
barry51 Posted February 25, 2015 Share Posted February 25, 2015 But the main question still hovers around.... WHO got and where did the billions go... Name and shame them... For a billion or two I could put up with a bit of shame. Prosecute them, jail them and strip them of there assets would be better and the right thing to do. 1 Link to comment Share on other sites More sharing options...
Popular Post Gunna Posted February 25, 2015 Popular Post Share Posted February 25, 2015 (edited) But the main question still hovers around.... WHO got and where did the billions go... Name and shame them... Most of the money has gone from buying 80 million tons of rice for up to 15,000bt per ton and sell it for 5-7,000bt per ton A lot of money has already gone in storage, fumigation, milling, drying and transport fees A lot of money has gone already to Cambodia, Laos and Myanmar as rice was smuggled from there and sold in Thailand as Thai rice. A lot of money has gone already because rice rotted and cannot be sold A lot of money has gone already because rice was eaten by rats, birds, weevils etc. A lot of money has gone on rice that was stolen or claimed to be stolen from warehouses A lot of money has gone already on rice stored in several warehouses that mysteriously caught fire A lot of money has gone already because rice detoriated with so many years in storage that nobody wants to buy it A lot of money was paid for rice that never existed - some that money may be able to be retrieved from corrupt Rice Millers, but I suspect much of it is now safely in offshore banks, including a lot in Dubai Edited February 25, 2015 by Gunna 12 Link to comment Share on other sites More sharing options...
jalansanitwong Posted February 25, 2015 Share Posted February 25, 2015 There was alot of Vietnamese rice being sold in the markets that had been rebagged .... Product of Thailand. The rich families in Bangkok were buying Viet rice for about 8,000 baht/tonne and cashing in here with the Gov for 15000 b/tonne. The money will never be recovered because alot people involved in the rice scam are lawmakers. Link to comment Share on other sites More sharing options...
ezzra Posted February 25, 2015 Share Posted February 25, 2015 Playing with a few billion up or down, doesn't make any difference. Yingluck and the others are guilty as charged. They should suffer the consequences and pay for their wrongdoings. That will also teach a good lesson to future politicians. Not only her, a whole gaggle of cohorts, co conspirators and enablers, which, without them it would have been impossible to run and maintain the racket and the scams... many more has to face the judges and have the book thrown at them, and hard...... Link to comment Share on other sites More sharing options...
AGareth2 Posted February 25, 2015 Share Posted February 25, 2015 don't trust accountants 19 billion eh! Link to comment Share on other sites More sharing options...
Robby nz Posted February 25, 2015 Share Posted February 25, 2015 There was alot of Vietnamese rice being sold in the markets that had been rebagged .... Product of Thailand. The rich families in Bangkok were buying Viet rice for about 8,000 baht/tonne and cashing in here with the Gov for 15000 b/tonne. The money will never be recovered because alot people involved in the rice scam are lawmakers. Presumably you have a rice DNA tester with you when you buy rice to be so sure it is from Vietnam. If you have proof of what you write about these rich BKK families then I suggest you get to the NACC promptly, they will be keen to know. So it is not possible to get any restitution out of lawmakers, interesting. When you write lawmakers I presume you mean members parliament. 2 Link to comment Share on other sites More sharing options...
jalansanitwong Posted February 25, 2015 Share Posted February 25, 2015 (edited) There was alot of Vietnamese rice being sold in the markets that had been rebagged .... Product of Thailand. The rich families in Bangkok were buying Viet rice for about 8,000 baht/tonne and cashing in here with the Gov for 15000 b/tonne. The money will never be recovered because alot people involved in the rice scam are lawmakers. Presumably you have a rice DNA tester with you when you buy rice to be so sure it is from Vietnam. If you have proof of what you write about these rich BKK families then I suggest you get to the NACC promptly, they will be keen to know. So it is not possible to get any restitution out of lawmakers, interesting. When you write lawmakers I presume you mean members parliament. The rice merchants were saying there was alot of Viet rice coming into the system . It makes sense. Buy rice for far around 8 k and sell it for 15K. The quality of rice definitely dropped during Yinglucks term of office. I'm no expert but i do eat alot of it. I can tell the difference just like anyone else. lawmakers,officials etc this country is totally corrupt. Any country that heavily relies on prostitution for tourism cant be trusted. I only stay here because its reasonably easy to export. Edited February 25, 2015 by jalansanitwong 1 Link to comment Share on other sites More sharing options...
LuckyLew Posted February 25, 2015 Share Posted February 25, 2015 Let's hope those responsible get stripped of all their worldly goods to repay some of the immense loss. That includes the ricemill and warehouse owners as well as the civil servants that contributed their part in the stealing and the top rats like Yingluck. The missunderstood fugitive in Dubai seems to be out of range so far. But I do hope the government will try hard to bring him home. Then see how much he can cough up. He must be tha main benefactor of the theft. The tosser in Dubai is not out of range People in power are too scared / stupid / useless to ask for help Interpol arrest warrant would be a nice place to start Boggles the mind why one has never been issued 1 Link to comment Share on other sites More sharing options...
tigermonkey Posted February 25, 2015 Share Posted February 25, 2015 But the main question still hovers around.... WHO got and where did the billions go... Name and shame them... Most of the money has gone from buying 80 million tons of rice for up to 15,000bt per ton and sell it for 5-7,000bt per ton A lot of money has already gone in storage, fumigation, milling, drying and transport fees A lot of money has gone already to Cambodia, Laos and Myanmar as rice was smuggled from there and sold in Thailand as Thai rice. A lot of money has gone already because rice rotted and cannot be sold A lot of money has gone already because rice was eaten by rats, birds, weevils etc. A lot of money has gone on rice that was stolen or claimed to be stolen from warehouses A lot of money has gone already on rice stored in several warehouses that mysteriously caught fire A lot of money has gone already because rice detoriated with so many years in storage that nobody wants to buy it A lot of money was paid for rice that never existed - some that money may be able to be retrieved from corrupt Rice Millers, but I suspect much of it is now safely in offshore banks, including a lot in Dubai If one reads the OP, you will notice that the costs/losses ( almost 700 billion Baht ) are from 15 rice subsidy and rice pledging schemes from 2004 through 2014, and while the majority of those costs/losses may be attributable to the most recent rice pledging scheme, there is much more to this story than is presently being discussed. ...... and we must remember that all of the numbers are "estimates" from the current military "democracy" Link to comment Share on other sites More sharing options...
tigermonkey Posted February 25, 2015 Share Posted February 25, 2015 But the main question still hovers around.... WHO got and where did the billions go... Name and shame them... Yes, by all means name and shame them -- all of them from 2004 through 2014 - it would be a very interesting list ! Link to comment Share on other sites More sharing options...
Popular Post halloween Posted February 25, 2015 Popular Post Share Posted February 25, 2015 700 billion, a figure I have used regularly, and only B10,000 for every Thai. If you want an image for your Thai friends unable to comprehend the number, a wall of B1000 notes 3m high and over 11km long. (using B100,000 =3cm thick) 4 Link to comment Share on other sites More sharing options...
JAG Posted February 25, 2015 Share Posted February 25, 2015 (edited) Let's hope those responsible get stripped of all their worldly goods to repay some of the immense loss. That includes the ricemill and warehouse owners as well as the civil servants that contributed their part in the stealing and the top rats like Yingluck. The missunderstood fugitive in Dubai seems to be out of range so far. But I do hope the government will try hard to bring him home. Then see how much he can cough up. He must be tha main benefactor of the theft. The tosser in Dubai is not out of range People in power are too scared / stupid / useless to ask for help Interpol arrest warrant would be a nice place to start Boggles the mind why one has never been issued Its never been issued because it would be pointless. I know that you and many others here loathe and detest him, but it is a simple fact that if an arrest warrant were to be issued it would be regarded as a political move by a military junta which has replaced an elected government, replaced an elected parliament with an appointed legislative council and has curtailed many freedoms, including those of the press and freedom of assembly. The same was true of the government installed by the last coup i 2006 (?). The only government since the military ousted Thaksin which might have been able to get any success with Interpol (apart from the elected "Thaksin proxy" governments, who were obviously not going to do so), was Abhisits administration. Their legitimacy in international circles rather ended when they cut the army loose on the Redshirt demonstrators in Bangkok. If the present administration attempted to issue any sort of warrant for any political figure it would be laughed at, because they are a junta which came to power through a military coup. Edited February 25, 2015 by JAG Link to comment Share on other sites More sharing options...
Neeranam Posted February 25, 2015 Share Posted February 25, 2015 It's criminal that she's not behind bars already. I bet she thought that with all the billions of $$$$s that her brother nicked, nobody would notice a few billion baht for her shopping trips. 1 Link to comment Share on other sites More sharing options...
metisdead Posted February 25, 2015 Share Posted February 25, 2015 A post containing derogatory comments toward the Thai courts has been removed: 2) You will not use ThaiVisa.com to post any material which is knowingly or can be reasonably construed as false, inaccurate, invasive of a person's privacy, or otherwise in violation of any law. You also agree not to post negative comments criticizing the legal proceedings or judgments of any Thai court of law. 11) You will not post slurs, degrading or overly negative comments directed towards Thailand, specific locations, Thai institutions such as the judicial or law enforcement system, Thai culture, Thai people or any other group on the basis of race, nationality, religion, gender or sexual orientation. Replies quoting that post were removed as well. A post containing a flame has been removed. Link to comment Share on other sites More sharing options...
wabothai Posted February 25, 2015 Share Posted February 25, 2015 I think that the 700 billion baht is worth getting this Dubai guy's behind into Thailand. History has shown it can be done. Just out of respect of his sister he should turn himself in. It just shows who he really is. Coward first class and will f.... his own family. Link to comment Share on other sites More sharing options...
Popular Post Soutpeel Posted February 25, 2015 Popular Post Share Posted February 25, 2015 Just out of respect of his sister he should turn himself in. It just shows who he really is. Coward first class and will f.... his own family. you obviously have no idea how the mind of a megalomaniac works then, family, friends are all fair game to be used to forward the persons agenda. 3 Link to comment Share on other sites More sharing options...
Dannybigboy Posted February 25, 2015 Share Posted February 25, 2015 This is the whole season WHY Thailand will remain a third World country and why development and a Bright future never will come ! I have lived in Thailand on and of for 30 years......and still all those corrupt officials and politicians ! It makes me sick !! Why dont Prayuth tackle this problem once and for all ????? You have to implement harder punishments in cases like this as a deterrent !! Long live Thailand and its wonderful people !! Link to comment Share on other sites More sharing options...
Popular Post Eric Loh Posted February 25, 2015 Popular Post Share Posted February 25, 2015 This is the whole season WHY Thailand will remain a third World country and why development and a Bright future never will come ! I have lived in Thailand on and of for 30 years......and still all those corrupt officials and politicians ! It makes me sick !! Why dont Prayuth tackle this problem once and for all ????? You have to implement harder punishments in cases like this as a deterrent !! Long live Thailand and its wonderful people !! He already said stop asking questions on my family wealth. So tell me how you expect Prayuth to tackle this problem one and for all. 3 Link to comment Share on other sites More sharing options...
winstonc Posted February 25, 2015 Share Posted February 25, 2015 Let's hope those responsible get stripped of all their worldly goods to repay some of the immense loss. That includes the ricemill and warehouse owners as well as the civil servants that contributed their part in the stealing and the top rats like Yingluck. The missunderstood fugitive in Dubai seems to be out of range so far. But I do hope the government will try hard to bring him home. Then see how much he can cough up. He must be tha main benefactor of the theft. The tosser in Dubai is not out of range People in power are too scared / stupid / useless to ask for help Interpol arrest warrant would be a nice place to start Boggles the mind why one has never been issued Its never been issued because it would be pointless. I know that you and many others here loathe and detest him, but it is a simple fact that if an arrest warrant were to be issued it would be regarded as a political move by a military junta which has replaced an elected government, replaced an elected parliament with an appointed legislative council and has curtailed many freedoms, including those of the press and freedom of assembly. The same was true of the government installed by the last coup i 2006 (?). The only government since the military ousted Thaksin which might have been able to get any success with Interpol (apart from the elected "Thaksin proxy" governments, who were obviously not going to do so), was Abhisits administration. Their legitimacy in international circles rather ended when they cut the army loose on the Redshirt demonstrators in Bangkok. If the present administration attempted to issue any sort of warrant for any political figure it would be laughed at, because they are a junta which came to power through a military coup. so are you saying that hes a good guy then..amazing..your probably one of those who think mother theresa was a good woman.. Link to comment Share on other sites More sharing options...
aircut Posted February 25, 2015 Share Posted February 25, 2015 Playing with a few billion up or down, doesn't make any difference. Yingluck and the others are guilty as charged. They should suffer the consequences and pay for their wrongdoings. That will also teach a good lesson to future politicians. Pity that only future politicians you are happy to teach what about our current politicians ? Link to comment Share on other sites More sharing options...
luk AJ Posted February 25, 2015 Share Posted February 25, 2015 There was alot of Vietnamese rice being sold in the markets that had been rebagged .... Product of Thailand. The rich families in Bangkok were buying Viet rice for about 8,000 baht/tonne and cashing in here with the Gov for 15000 b/tonne. The money will never be recovered because alot people involved in the rice scam are lawmakers. I wonder if the rich and powerful would play this game... Gross profit 7000thb/ton minus transport costs, bribing customs etc.. Maybe results in 3000thb/ ton net. 20 ton per truck makes 60.000thb/truck. The rich and powerful will not move for less than 100 mill this is equal to 1.666 trucks..i dont see this happening... 2 Link to comment Share on other sites More sharing options...
shirtless Posted February 25, 2015 Share Posted February 25, 2015 Find these corrupt people and make them pay , otherwise its really just propaganda / Link to comment Share on other sites More sharing options...
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