Ex-commerce minister out on Bt20m bail

[Lite Beer]

Ex-commerce minister out on Bt20m bail
The Nation

BANGKOK: -- Former commerce minister Boonsong Teriyapirom has been released on a Bt20-million bail over corruption charges in relation to the alleged government-to-government rice scheme. He is also barred from leaving the country without court permission.

Thanarerk Nitiseranee, chairman of the Supreme Court's Criminal Division for Political Office Holders, said three or four other people in the case have also been released on bail. There are 21 suspects in the case and former PM Yingluck Shinawatra was previously granted bail after posting Bt30 million as guarantee.

Source: http://www.nationmultimedia.com/politics/Ex-commerce-minister-out-on-Bt20m-bail-30262175.html

-- The Nation 2015-06-13

[Somtamnication]

Nice salary at the old Commerce Department to be able to afford a 20 mill bail.

[Robby nz]

Another kick in the guts for the poor farmers who he and his mates were screwing, seeing them being able to put up tens of millions in bail while they, the poor farmers are struggling deep in debt.

[z42]

Baffled by the rule that he has to ask for permission to leave the country. Confiscate his passport / id documents and make sure he can't be settled in another country. Otherwise what control do the courts have?

[ezzra]

First order of the day for him will be to grab the 200 millions he has stashed away and

do a runner....

[djjamie]

He deserves everything coming to him which incidentally might be a nice condo in Dubai or Paris...Depending on which red shirt criminal he would prefer to bunk with.

Was it really worth holding those voters in contempt Boonsong...

Edited June 13, 2015 by djjamie

[Robby nz]

Baffled by the rule that he has to ask for permission to leave the country. Confiscate his passport / id documents and make sure he can't be settled in another country. Otherwise what control do the courts have?

He may well have bought other passports like his de-facto PM.

Now if he is caught trying to get away from the country without permission......................

[baboon]

He deserves everything coming to him which incidentally might be a nice condo in Dubai or Paris...Depending on which red shirt criminal he would prefer to bunk with.

Was it really worth holding those voters in contempt Boonsong...

The army certainly seem to think it is worth holding the voters in contempt, as do you for their voting incorrectly.

[Robby nz]

He deserves everything coming to him which incidentally might be a nice condo in Dubai or Paris...Depending on which red shirt criminal he would prefer to bunk with.

Was it really worth holding those voters in contempt Boonsong...

But he expected to get away with it Jamie, the amnesty bill was being prepared for just such people as him.

Had that gone through all corruption from 2005 to the time of the bill passing would have been forgiven, remember what the NACC said :

http://www.thaivisa.com/forum/topic/679702-thai-amnesty-bill-would-kill-25355-graft-cases-nacc/

Amnesty bill would kill 25,355 graft cases: NACC

[RustBucket]

He deserves everything coming to him which incidentally might be a nice condo in Dubai or Paris...Depending on which red shirt criminal he would prefer to bunk with.

Was it really worth holding those voters in contempt Boonsong...

I gave you a like despite the fact he has nothing coming to him. He will either buy his way out of trouble, flee the country with his billions or go through a revolving prison door to his freedom.

They ALL will apart from the scabby lower ranked.

[Equalizer]

Another kick in the guts for the poor farmers who he and his mates were screwing, seeing them being able to put up tens of millions in bail while they, the poor farmers are struggling deep in debt.

That just shows your ignorance to the facts. Basically you have no clue about the scheme at all. The farmers lost out AFTER the coup when the banks where ordered to stop funding it. The scheme benefited the farmers tremendously. The internal corruption screwed the scheme and we are not talking about red shirts here. It failed because people in power who where against the scheme working made sure it would fail. ''Another kick in the guts for farmers hahaha'' clueless

[maidee]

1 or 2 % of what he stole, good deal

[scorecard]

Another kick in the guts for the poor farmers who he and his mates were screwing, seeing them being able to put up tens of millions in bail while they, the poor farmers are struggling deep in debt.

That just shows your ignorance to the facts. Basically you have no clue about the scheme at all. The farmers lost out AFTER the coup when the banks where ordered to stop funding it. The scheme benefited the farmers tremendously. The internal corruption screwed the scheme and we are not talking about red shirts here. It failed because people in power who where against the scheme working made sure it would fail. ''Another kick in the guts for farmers hahaha'' clueless

What rubbish.

[ratcatcher]

He deserves everything coming to him which incidentally might be a nice condo in Dubai or Paris...Depending on which red shirt criminal he would prefer to bunk with.

Was it really worth holding those voters in contempt Boonsong...

[FireMedic]

Seems fair. 1% of what he stole gets kicked to the prosecutor.....He'll be gone in a week with a new life in Dubai waiting for him. Good luck to him.

[robblok]

Another kick in the guts for the poor farmers who he and his mates were screwing, seeing them being able to put up tens of millions in bail while they, the poor farmers are struggling deep in debt.

That just shows your ignorance to the facts. Basically you have no clue about the scheme at all. The farmers lost out AFTER the coup when the banks where ordered to stop funding it. The scheme benefited the farmers tremendously. The internal corruption screwed the scheme and we are not talking about red shirts here. It failed because people in power who where against the scheme working made sure it would fail. ''Another kick in the guts for farmers hahaha'' clueless

Your quite uninformed..

The banks stopped paying as the caretaker government did not have legal standing. Had YL thought about the farmers she could have reserved money for payments before stepping down. She did not she is to blame.

Also.. the moment that this scheme started.. land rent prices went up and so did the prices of pesticides and fertilizer. In the end the farmer did not win that much. Add to that now the devastation of the rice market as the crops now have to be sold at lower prices as there is too much rice in the market. This scheme was not good for the farmer and even worse for Thailand as this program was supposed to be self financing.. not costing 700billion.

[ourmanflint]

Another kick in the guts for the poor farmers who he and his mates were screwing, seeing them being able to put up tens of millions in bail while they, the poor farmers are struggling deep in debt.

That just shows your ignorance to the facts. Basically you have no clue about the scheme at all. The farmers lost out AFTER the coup when the banks where ordered to stop funding it. The scheme benefited the farmers tremendously. The internal corruption screwed the scheme and we are not talking about red shirts here. It failed because people in power who where against the scheme working made sure it would fail. ''Another kick in the guts for farmers hahaha'' clueless

Twonk!

[scorecard]

Another kick in the guts for the poor farmers who he and his mates were screwing, seeing them being able to put up tens of millions in bail while they, the poor farmers are struggling deep in debt.

That just shows your ignorance to the facts. Basically you have no clue about the scheme at all. The farmers lost out AFTER the coup when the banks where ordered to stop funding it. The scheme benefited the farmers tremendously. The internal corruption screwed the scheme and we are not talking about red shirts here. It failed because people in power who where against the scheme working made sure it would fail. ''Another kick in the guts for farmers hahaha'' clueless

Twonk!

I looked it up... twonk - stupid person

[Nobb]

How much do they pay there commerce ministers. I think he proved his guilt by coming up with Bt20m bail. How much rice and how much food for the poor and

starving people can Bt20m buy. Good job PM!

[seajae]

Another kick in the guts for the poor farmers who he and his mates were screwing, seeing them being able to put up tens of millions in bail while they, the poor farmers are struggling deep in debt.

That just shows your ignorance to the facts. Basically you have no clue about the scheme at all. The farmers lost out AFTER the coup when the banks where ordered to stop funding it. The scheme benefited the farmers tremendously. The internal corruption screwed the scheme and we are not talking about red shirts here. It failed because people in power who where against the scheme working made sure it would fail. ''Another kick in the guts for farmers hahaha'' clueless

have to love these morons that think the farmers were screwed by everyone except the ones running the show, do you even live here or are you one of those fanatical reds that refuses to accept the truth. The farmers had not been paid by the ptp for many months, when the ptp stepped down they never allocated any of the money to pay them either so it is on their heads. It was not allowed for the ptp to then try to borrow money to pay them as that was against the laws, you want to blame someone blame the ones responsible, the ptp. Its really pathetic the way you apologists come in here trying to change the truth of what happened but then what can we expect from thaksin sycophants.

Edited June 13, 2015 by seajae

[Ulic]

I hope that where he came up with the money for bail comes under the microscope. 20 million

baht from a civil servant/politician is not chump change unless both hands were in the money

trough.

[JOC]

Another kick in the guts for the poor farmers who he and his mates were screwing, seeing them being able to put up tens of millions in bail while they, the poor farmers are struggling deep in debt.

Hate to spoil your weekend...............

But according to UN, people living below the poverty line in Thailand was 21% in year 2000, in 2012 it was reduced to 12 %................

All under the evil and greedy Shins.................

[Equalizer]

Another kick in the guts for the poor farmers who he and his mates were screwing, seeing them being able to put up tens of millions in bail while they, the poor farmers are struggling deep in debt.

That just shows your ignorance to the facts. Basically you have no clue about the scheme at all. The farmers lost out AFTER the coup when the banks where ordered to stop funding it. The scheme benefited the farmers tremendously. The internal corruption screwed the scheme and we are not talking about red shirts here. It failed because people in power who where against the scheme working made sure it would fail. ''Another kick in the guts for farmers hahaha'' clueless

have to love these morons that think the farmers were screwed by everyone except the ones running the show, do you even live here or are you one of those fanatical reds that refuses to accept the truth. The farmers had not been paid by the ptp for many months, when the ptp stepped down they never allocated any of the money to pay them either so it is on their heads. It was not allowed for the ptp to then try to borrow money to pay them as that was against the laws, you want to blame someone blame the ones responsible, the ptp. Its really pathetic the way you apologists come in here trying to change the truth of what happened but then what can we expect from thaksin sycophants.

I see the new clan are now dictating the price of palm oil again. Mr sutheps little multi billion dollar empire. Frozen exports are now again on the cards. Meaning again it will need refining in Thailand! who owns all the refineries? Hmmm you lot are a bunch of blind beggars. Clueless.

[Skywalker69]

Another kick in the guts for the poor farmers who he and his mates were screwing, seeing them being able to put up tens of millions in bail while they, the poor farmers are struggling deep in debt.

That just shows your ignorance to the facts. Basically you have no clue about the scheme at all. The farmers lost out AFTER the coup when the banks where ordered to stop funding it. The scheme benefited the farmers tremendously. The internal corruption screwed the scheme and we are not talking about red shirts here. It failed because people in power who where against the scheme working made sure it would fail. ''Another kick in the guts for farmers hahaha'' clueless

Do your homework! BAAC (Bank for Agriculture and Agricultural Cooperatives) the bank responsible to pay the rice farmers did run out of money to pay the farmers. The last payment to the farmers was October 1 2013.

http://www.reuters.com/article/2013/11/19/thailand-rice-idUSL4N0J205I20131119

[halloween]

Another kick in the guts for the poor farmers who he and his mates were screwing, seeing them being able to put up tens of millions in bail while they, the poor farmers are struggling deep in debt.

That just shows your ignorance to the facts. Basically you have no clue about the scheme at all. The farmers lost out AFTER the coup when the banks where ordered to stop funding it. The scheme benefited the farmers tremendously. The internal corruption screwed the scheme and we are not talking about red shirts here. It failed because people in power who where against the scheme working made sure it would fail. ''Another kick in the guts for farmers hahaha'' clueless

You do realise that this was not directly connected to Yingluk/Thaksin's rice pledging scam? He was buying the rice the farmers had sold for far below market value, and even lower than the price paid, ostensibly as a way to reduce the ever-increasing stockpile, and then selling it on the local market rather than exporting it as claimed. He thus reduced the local demand, causing even greater losses for the original scam.

He was one of the "people in power" enriching himself and his criminal cronies at the expense of the farmers and the nation. IMHO Nattiwut and Thaksin were also in it up to their necks.

Edited June 13, 2015 by halloween

[Robby nz]

Another kick in the guts for the poor farmers who he and his mates were screwing, seeing them being able to put up tens of millions in bail while they, the poor farmers are struggling deep in debt.

That just shows your ignorance to the facts. Basically you have no clue about the scheme at all. The farmers lost out AFTER the coup when the banks where ordered to stop funding it. The scheme benefited the farmers tremendously. The internal corruption screwed the scheme and we are not talking about red shirts here. It failed because people in power who where against the scheme working made sure it would fail. ''Another kick in the guts for farmers hahaha'' clueless

I will say this to you, I live in a rice farming area and therefor have followed this scheme closely and know it very well.

The reason the farmers were not paid was because the PT Govt failed to make provision for the debt they knew had been incurred and had to be paid, when they dissolved the house, this was "Criminal negligence".

Some of the farmers had not been paid from a far back as September well before the house was dissolved.

A caretaker Govt by law is not allowed to rack up any debts that would fall on a future Govt therefor they could not by law borrow money to cover their negligence.

They attempted to subvert the law by coercing the Govt owned banks into lending them the money, however the banks and their depositors knew the law. The banks refused to lend and the depositors threatened to withdraw their money if the banks did lend, some did withdraw their money causing a mini run on some Govt owned banks.

Back in early February 2013 the scheme was running out of money with the BAAC having been paid only a fraction of what they had paid out to the farmers : http://www.nytimes.com/2013/02/08/business/global/thai-rice-subsidy-program-short-of-money.html?_r=0

Yingluck made repeated promises to pay the farmers .......Next week. She lied. Feb 14th : http://www.mcot.net/site/content?id=52fd8b2ebe0470fdbf8b4569

Then next week Feb 22nd : http://www.upi.com/Top_News/World-News/2014/02/22/Thailand-government-promises-to-pay-rice-farmers-subsidy-money/64051393098303/

You obviously don't know how they treated the farmers who did protest non payment :

http://www.thaivisa.com/forum/topic/700555-unpida-thai-rice-farmers-allege-intimidation-as-protest-ends/

I know you wont read that link so I will post a brief excerpt :

BANGKOK: -- After claiming they had been pressured by intimidation, the farmers dispersed Tuesday evening and had no idea when long-overdue payments from the government's rice-pledging scheme would arrive.

"We don't know what to do next," Siraprapha Kukhong, 49, one of the protest leaders, said yesterday.

Another protest leader, Chatree Ampoon, could not be reached for comment following reports that red shirts and officials had intimidated his wife over his participation in the protest. "She called him about the threats she faced. He was overwhelmed and cried. Many of us cried with him," Siraprapha said.

That's right they sent their red thugs And 'officials' to threaten the farmers families when the farmers protested lack of payment.

They say ignorance is bliss but for your ignorance there is another word.

[Skywalker69]

Another kick in the guts for the poor farmers who he and his mates were screwing, seeing them being able to put up tens of millions in bail while they, the poor farmers are struggling deep in debt.

That just shows your ignorance to the facts. Basically you have no clue about the scheme at all. The farmers lost out AFTER the coup when the banks where ordered to stop funding it. The scheme benefited the farmers tremendously. The internal corruption screwed the scheme and we are not talking about red shirts here. It failed because people in power who where against the scheme working made sure it would fail. ''Another kick in the guts for farmers hahaha'' clueless

I will say this to you, I live in a rice farming area and therefor have followed this scheme closely and know it very well.

The reason the farmers were not paid was because the PT Govt failed to make provision for the debt they knew had been incurred and had to be paid, when they dissolved the house, this was "Criminal negligence".

Some of the farmers had not been paid from a far back as September well before the house was dissolved.

A caretaker Govt by law is not allowed to rack up any debts that would fall on a future Govt therefor they could not by law borrow money to cover their negligence.

They attempted to subvert the law by coercing the Govt owned banks into lending them the money, however the banks and their depositors knew the law. The banks refused to lend and the depositors threatened to withdraw their money if the banks did lend, some did withdraw their money causing a mini run on some Govt owned banks.

Back in early February 2013 the scheme was running out of money with the BAAC having been paid only a fraction of what they had paid out to the farmers : http://www.nytimes.com/2013/02/08/business/global/thai-rice-subsidy-program-short-of-money.html?_r=0

Yingluck made repeated promises to pay the farmers .......Next week. She lied. Feb 14th : http://www.mcot.net/site/content?id=52fd8b2ebe0470fdbf8b4569

Then next week Feb 22nd : http://www.upi.com/Top_News/World-News/2014/02/22/Thailand-government-promises-to-pay-rice-farmers-subsidy-money/64051393098303/

You obviously don't know how they treated the farmers who did protest non payment :

http://www.thaivisa.com/forum/topic/700555-unpida-thai-rice-farmers-allege-intimidation-as-protest-ends/

I know you wont read that link so I will post a brief excerpt :

BANGKOK: -- After claiming they had been pressured by intimidation, the farmers dispersed Tuesday evening and had no idea when long-overdue payments from the government's rice-pledging scheme would arrive.

"We don't know what to do next," Siraprapha Kukhong, 49, one of the protest leaders, said yesterday.

Another protest leader, Chatree Ampoon, could not be reached for comment following reports that red shirts and officials had intimidated his wife over his participation in the protest. "She called him about the threats she faced. He was overwhelmed and cried. Many of us cried with him," Siraprapha said.

That's right they sent their red thugs And 'officials' to threaten the farmers families when the farmers protested lack of payment.

They say ignorance is bliss but for your ignorance there is another word.

Thank you R, you summarised it very well. I just want to add that th junta paid the + one miljon farmers that had left their rice into the program but didn´t get paid.

[khunken]

Another kick in the guts for the poor farmers who he and his mates were screwing, seeing them being able to put up tens of millions in bail while they, the poor farmers are struggling deep in debt.

That just shows your ignorance to the facts. Basically you have no clue about the scheme at all. The farmers lost out AFTER the coup when the banks where ordered to stop funding it. The scheme benefited the farmers tremendously. The internal corruption screwed the scheme and we are not talking about red shirts here. It failed because people in power who where against the scheme working made sure it would fail. ''Another kick in the guts for farmers hahaha'' clueless

have to love these morons that think the farmers were screwed by everyone except the ones running the show, do you even live here or are you one of those fanatical reds that refuses to accept the truth. The farmers had not been paid by the ptp for many months, when the ptp stepped down they never allocated any of the money to pay them either so it is on their heads. It was not allowed for the ptp to then try to borrow money to pay them as that was against the laws, you want to blame someone blame the ones responsible, the ptp. Its really pathetic the way you apologists come in here trying to change the truth of what happened but then what can we expect from thaksin sycophants.

I see the new clan are now dictating the price of palm oil again. Mr sutheps little multi billion dollar empire. Frozen exports are now again on the cards. Meaning again it will need refining in Thailand! who owns all the refineries? Hmmm you lot are a bunch of blind beggars. Clueless.

Instead of trying to deflect the Op and post off-topic, why not attempt to justify the crap you wrote about the rice scheme. Or is this an admission of failure?

BTW according to NIDA and others including Bloomberg, the farmers got peanuts, comparatively speaking, from the scheme compared to warehouse owners, millers, dealers & crooked politicians and bureaucrats. The NIDA figure was 18% for farmers, a gross figure not accounting for substantially increased rents by local rich landowners (politicians again in some cases). Lastly, the smallest & poorest farmers who grow rice for their own consumption got nothing.

[Robby nz]

Lets see just how much the farmers have benefited under the Yingluck Govt. From the detailed 14 page Freedom barometer report published well before the protests started : So who did benefit ? well it wasn't the poor farmers that's for sure :

http://freedombarometer.org/assets/pdfs/Freedom-Barometer-Special-Report-Thailands-Agrarian-Policy.pdf

……………….. Farmers Debt under Yingluck

Coinciding with increases in

governmental debt is overall debt

held by farmers, which now

amounts to 103,047 baht per

head. Since 2010 debts have

climbed by 6% per year. About

63% of all households in

Thailand are in debt, of which 15

percent originate from the

agricultural sector. One reason

for this tendency is intensified

have risen from between 5,000 and 6,000 baht per ton of rice to between

7,000 and 9,000 baht per ton, mainly due to increasing rents and increasing prices of

fertilisers and insecticides. In addition, there are new minimum wages for agricultural workers

which have to be paid by the farmers. One also has to consider the fact that the grain mills are

authorised to deduct an amount of up to 3,000 baht per ton if the rice is assessed as being too

wet. According to a study of the University of the Thai Chamber of Commerce, the majority of

the farmers are not able to pay back their loans. The currently available government loan

schemes are still often unknown in Thailand's northern region. Moreover, farmers are

restricted by state regulations of trading the rice between different provinces, making trade

more difficult. Overall, farmers’ average revenues have decreased by 23% between 2011 and

2012. This is not solely a result of problems in the rice industry, but also because of a weak

market for other agricultural products such as rubber and palm oil.

So who did benefit ? well it wasn't the poor farmers that's for sure :

So far only one million of Thailand's three million farms have participated in the rice pledging

scheme. According to a study by the World Bank, only 18% of poor farmers profited from the

subsidised prices as small producers are unable to produce large surpluses on their relatively

small planting areas. In accordance with another study by the TDRI, only 5% of the

programme's revenues reach poor farmers

OK so now for the subject of this topic, how much was gained and lost through one non existent G 2 G deal. From the original information to the NACC on the fake deal that has led to this topic :

http://www.thaivisa.com/forum/topic/600926-rice-deals-with-china-fake-thai-democrats/ In the latest deal, the Chinese firm paid Bt300 per sack of rice, rather than market price of Bt1,500-Bt1,555, Varong said. Taking this into account, the men in question would make a profit of Bt20 billion. Also, he said, the rice has not gone anywhere but is being stored in Siam President's warehouse in Phichit, he said. There are some 400,000 sacks of rice in the facility, collected between May 5 and July 16, he added.
So someone likely profited to the tune of 20 billion, at a standard kick back rate of between 30 and 40% the minister and his cohorts would have stood to have gained billions not the 20 million put up as bail.

The ministers defense for this at the time : "(After buying the rice) I won't be investigating what buyers do with it"

I suspect he will need more than that this time.

My apologies for the mucked up fonts, a problem with pasting from reports.

[Robby nz]

As little aside :

http://www.thaivisa.com/forum/topic/744334-huge-amount-of-rice-missing-in-phichit/Posted 2014-07-20 06:31:25

Huge amount of rice missing in Phichit

This is the same warehouse mentioned in the original evidence taken to the NACC. I suspect this has not escaped the notice of the NACC.

The plot thickens.