John K Posted September 18, 2007 Share Posted September 18, 2007 At first glance it would seem Thaksin is somewhat remorseful about getting his children involved. Then when you think about it, this may reset the clock giving Thaksin more time to figure out how to get the money without the accrued interest, and his kids still go down for false testimony. Also I doubt Thaksin was the author of his statement as it seems to be written in third person with only minor insults. Link to comment Share on other sites More sharing options...
sriracha john Posted September 19, 2007 Share Posted September 19, 2007 (edited) Revenue Department won't compromise with Thaksin kids Two adult children of ousted premier Thaksin Shinawatra have filed an appeal with the Revenue Department after it decided that they were liable to personal income tax from a profit of about 15 billion baht they received from the Shin Corp share sale last year, Revenue Department chief Sanit Rangnoi said Tuesday. Mr Sanit said he does not know the detail of the appeal. He said he understood it was a plea to pay no tax - the original Revenue Department decision on the case - rather than asking to pay less. He insisted that no compromising step will now be taken by the Revenue Department Continued here: http://www.bangkokpost.com/breaking_news/b...s.php?id=121785 Edited September 19, 2007 by sriracha john Link to comment Share on other sites More sharing options...
hammered Posted September 19, 2007 Share Posted September 19, 2007 The non-payment of tax or tax avoidance by the wealthy whether by loophole created by politcal friends/family, influence, or just plain criminality is never a nice thing for the ordinary person to see. Ethically it is all reprehensible and paints those involved in a very dark way. If anyone could say they cared about a country or its people after at least creating a scheme or changing a law to avoid paying their own due to society, they are lying. Then again when a politicians mouth is moving........ I dont know whether this will eventually result tax being reclaimed by the state or if other legal cases will succeed but it sure makes those involved look like ***** whether they broke a law or not. Link to comment Share on other sites More sharing options...
Plus Posted September 19, 2007 Share Posted September 19, 2007 I think for remaining Thaksin supporters terms like tax evasion means nothing. They don't think THEY are being robbed, they don't feel it's their own money. I really believe that there are people out there who think that Village Fund and IMF repayments were made from Thaskin's own pockets. Link to comment Share on other sites More sharing options...
sriracha john Posted September 19, 2007 Share Posted September 19, 2007 I can't seem to recall news of any charitable donations that actually did come from Thaksin's pockets, despite his billions and billions and billions of baht... although, he must have made some, they certainly don't stick out. Link to comment Share on other sites More sharing options...
John K Posted September 19, 2007 Share Posted September 19, 2007 (edited) I think for remaining Thaksin supporters terms like tax evasion means nothing. They don't think THEY are being robbed, they don't feel it's their own money. I really believe that there are people out there who think that Village Fund and IMF repayments were made from Thaskin's own pockets. I would have to agree. If Thaksin told them it was, then you know how that goes. However they could also think that Thaksin was the man who could loosen up the coffers locks for them. Edited September 19, 2007 by John K Link to comment Share on other sites More sharing options...
hammered Posted September 19, 2007 Share Posted September 19, 2007 I think for remaining Thaksin supporters terms like tax evasion means nothing. They don't think THEY are being robbed, they don't feel it's their own money. I really believe that there are people out there who think that Village Fund and IMF repayments were made from Thaskin's own pockets. My wife once had a chat with some of her family who were more supportative of Thaksin. Amazingly they didnt realise that the few handouts any of them had received annually were just a small percentage of the VAT they paid annually. They kind of thought that there wonderful local TRT leaders who had also been in three other parties before TRT had prized some money out of the rich Bangkok people to send to them, of course after taking their own deserved cut as MP and ensuribng their own family and friends and politcal supporters and canvassers had ben taken care of in the accepted manner. There is a steep learning curve and it certainly isnt in the interests of any of the feudal overlord MPs to let anyone have any extra real education although no doubt a bit of free babysitting described as kindergarten will be added to education. Probably the biggest driving force for change for Thailand is that the vast untrained Thai labour force is now being found to be far too expensive to serve the global markets and this will actually fuel a need for tertiary level education at least at a technical level to keep Thai workers employed in the global market. Education and understanding may just end uop being forced through by an economic reality that neither the furtive powers nor the populist feudal overlord patronage powers will be able to resist without dep suffering to themselves. Anyway I am getting off topic. Apologies. It would be nice at some stage though to see the wealthy actually believe it was right to give to society and those not as well off as themselves by actually not trying to avoid tax payment. Link to comment Share on other sites More sharing options...
John K Posted September 19, 2007 Share Posted September 19, 2007 I can't seem to recall news of any charitable donations that actually did come from Thaksin's pockets, despite his billions and billions and billions of baht... although, he must have made some, they certainly don't stick out. The Win Mark employee fund perhaps? Link to comment Share on other sites More sharing options...
sriracha john Posted September 25, 2007 Share Posted September 25, 2007 (edited) Surin: I was not a Temasek nomineeSurin Upatkoon, the main shareholder in the controversial Kularb Kaew Co, was yesterday charged with a criminal offence for alleged illegal representation of a foreign company under the Foreign Business Act 1999. Acting police chief Seripisut Temiyavej said that Fairmont Investments Group, based in the British Virgin Islands, would also face criminal charges under the act. In his testimony given last September, Surin claimed that he had financed his investment in the company with his own money. He also insisted he was not a nominee of the Singaporean government's investment arm, Temasek Holdings. - The Nation UPDATE On a separate development, police will seek a court warrant for the arrest of Surin Upatkoon of Kularp Kaew Co. today, since he had failed to appear to hear his charges three times, where he has been alleged for acting as a nominee for Themasek Holdings of Singapore to acquire Shin Corp’s shares through Kularp Kaew Co. Surin’s lawyer on the other hand, yesterday submitted a medical report from a Malaysian hospital to police, claiming that Surin currently suffers from irregular heartbeats, as it poses him with difficulties to travel to hear criminal charges against him, reported a news source. - Thailand Outlook Edited September 25, 2007 by sriracha john Link to comment Share on other sites More sharing options...
John K Posted September 25, 2007 Share Posted September 25, 2007 No problem, send a Med-evac helicopter for him. He can be back in Bangkok in under 2 hours. I am sure they will even provide some sexy Thai Nurses to ease his discomfort during his journey. Link to comment Share on other sites More sharing options...
John K Posted September 25, 2007 Share Posted September 25, 2007 Malaysia may be asked to arrest Surin of Kularb Kaew Criminal Court on Tuesday issued an arrest warrant for Surin Upatkoon who has been accused of acting as nominee for foreign companies through his stockholdings in Kularb Kaew Co, Ltd. Police told the court that Surin failed three times to appear before police to hear the charges. Kularb Kaew is one of the companies used by Temasek Holdings of Singapore to acquire Shin Corp from the Shinawatra family. Surin's lawyer on Monday presented a medical report from a Malaysian hospital to the police, asking for delaying the hearing. The report shows that Surin suffered from an irregular heartbeat, making it impossible for him to appear before the police to hear the criminal charges against him. However police said the report is not credible because it is not accompanied by a notarisation from any Thai agency such as a Thai embassy or Thai Consul. Police believed that Surin only wanted to buy time and escape from having to face the charges. Chief Investigator Pol Maj Gen Wisut Wanitbutr, anti-economic crime department, said if Surin failed to surrender, he will ask Malaysia to arrest and extradite him. "Thailand and Malaysia have signed extradition treaty, so we are eligible to ask Malaysia to arrest and extradite him. The Nation Gotta love that Thai paperwork thing. I guess it's not only a pain for non Thais. I guess he will have a quick recovery and head in another direction. Link to comment Share on other sites More sharing options...
sriracha john Posted September 25, 2007 Share Posted September 25, 2007 ...and now, the Court has ordered his arrest Surin Upatkoon Arrest of Kularb Kaew figure ordered The Bangkok South Criminal Court approved police's request to issue an arrest warrant for Surin Upatkoon, a major shareholder in Kularb Kaew Co on Thursday. Police sought the warrant after Surin failed to turn up twice to answer charges of illegally representing a foreign company, prompting police to believe that he is avoiding the trial. Surin, a Thai businessman based in Malaysia, where he is known as Lau Khin Koon, is accused of violating the Foreign Business Act 1999, which bars a nominee company from holding shares on behalf of a foreign company. Kularb Kaew, of which he was a major shareholder, is the holding company allegedly used by Singapore's Temasek Holdings to take over telecom giant Shin Corp last year. It was set up only days before Temasek announced its purchase of Shin Corp in January 2006. Continued here: http://www.bangkokpost.com/breaking_news/b...s.php?id=122023 Link to comment Share on other sites More sharing options...
Old Man River Posted September 25, 2007 Share Posted September 25, 2007 ...and now, the Court has ordered his arrest Surin Upatkoon Arrest of Kularb Kaew figure ordered The Bangkok South Criminal Court approved police's request to issue an arrest warrant for Surin Upatkoon, a major shareholder in Kularb Kaew Co on Thursday. Police sought the warrant after Surin failed to turn up twice to answer charges of illegally representing a foreign company, prompting police to believe that he is avoiding the trial. Surin, a Thai businessman based in Malaysia, where he is known as Lau Khin Koon, is accused of violating the Foreign Business Act 1999, which bars a nominee company from holding shares on behalf of a foreign company. Kularb Kaew, of which he was a major shareholder, is the holding company allegedly used by Singapore's Temasek Holdings to take over telecom giant Shin Corp last year. It was set up only days before Temasek announced its purchase of Shin Corp in January 2006. Continued here: http://www.bangkokpost.com/breaking_news/b...s.php?id=122023 I do wonder when the arrests will take place of the several thousand other nominees who also hold shares on behalf of foreign companies. Link to comment Share on other sites More sharing options...
sriracha john Posted September 25, 2007 Share Posted September 25, 2007 Arrest warrant sought for Thai businessman in Shin Corp takeover BANGKOK - Thailand's Criminal Court issued an arrest warrant on Tuesday for a Malaysia-based Thai businessman on charges of illegally acting as a nominee for a foreign company in breach of Thailand's Foreign Business Act in last year's controversial Shin Corp takeover. The Thai Police Economic and Cyber Crime Division obtained the arrest warrant from the Bangkok South Criminal Court for the suspected nominee, known as Lau Khin Koon alias Surin Upatakul, who is a major shareholder of Kularb Kaew, a company allegedly holding shares on behalf of Singapore's Temasek Holdings in last year's questionable Shin Corp stock sales, involving the Shinawatra family of ousted prime minister Thaksin Shinawatra. The arrest warrant was approved after Mr. Surin failed to present himself to the Thai police by Monday's deadline. However, his lawyer told police earlier that the businessman has been hospitalised in Malaysia. Holdings of corporate stocks by a nominee on behalf of any foreign company in Thailand is considered to be in violation of the Foreign Business Act of 1999. Mr. Surin, believed to be currently staying in Malaysia, may return to Thailand under a criminal extradition agreement earlier reached between Thailand and the neighboring country to face the nominee charges which could make him liable for a maximum of a three-years jail, a maximum of a one million baht fine, or both. Public prosecutors are expected to promptly proceed with the Malaysian authorities to bring Mr. Surin to justice, though the suspect has been reported as well to imminently turn himself in to the Thai police. - MCOT Link to comment Share on other sites More sharing options...
John K Posted September 25, 2007 Share Posted September 25, 2007 Dance...Dance...Dance! Link to comment Share on other sites More sharing options...
sriracha john Posted October 2, 2007 Share Posted October 2, 2007 The Tax Man cometh... Revenue Dept to Seize Assets of Ousted PM's Children to Pay Outstanding Taxes The Revenue Department has ordered all state agencies and commercial banks to report on assets of the deposed prime minister's children in preparation to seize their assets as the siblings have more than 10 billion baht unpaid tax from the Shin Corp share sell-off. Director-general of the Revenue Department, Sanit Rangnoi reveals that the department has forwarded a letter to both local and foreign commercial banks registered in Thailand to notify the department on the ownership of assets such as cash, houses, land, share holdings, golf courses, cars, and bonds and other forms of assets belonging to Panthongtae and Pinthongta Shinawatra, children of exiled prime minister Thaksin Shinawatra. The Revenue Department is preparing to seize Panthongtae and Pinthongta assets to pay off the outstanding tax from the Shin Corp share sell-off, worth more than 10 billion baht. Sanit says that after the Revenue Department is notified of the siblings' assets, the department will use the power in accordance with the Revenue Code's article 12 to order state agencies and commercial banks to transfer Panthongtae and Pinthongta's assets to be under the name of the Revenue Department as it has the authority to seize assets of those who refuse to pay taxes. The Revenue Department's director-general adds that, according to the Criminal Code, the department has the power to seize assets without a court order. Sanit added that the Revenue Department has evaluated that Panthongtae and Pinthongta have much more assets and cash besides the 73 billion baht earned from the Shin Corp share sale. The Revenue Department recently assessed that the two siblings will have to pay up to 13 billion baht of taxes, which is higher than the previous evaluation of only 11.3 billion baht because there are fines and penalties included in the new tax assessment. If the assets of Panthongtae and Pinthongta, seized by the Revenue Department, do not reach the amount of their unpaid taxes, the department will ask the court to declare the siblings bankrupt. - Thailand Outlook Link to comment Share on other sites More sharing options...
John K Posted October 2, 2007 Share Posted October 2, 2007 I guess we will see another delaying Thaksin lawsuit in the next day or so. Link to comment Share on other sites More sharing options...
sriracha john Posted October 9, 2007 Share Posted October 9, 2007 A Shinawatra is back in Thailand... Thaksin kid meets ASC on Shin Corp deal Pinthongta Shinawatra, daughter of ousted premier Thaksin, went to testify to the Assets Scrutiny Committee (ASC) on Shin Corp share sales on Tuesday afternoon, after having postponed it a few times earlier. Pinthongta appeared at the Office of the Auditor-General (OAG) at 2pm with deputy leader of People's Power Party Somchai Wongsawasdi and lawyer Pichit Chuenban. Auditor-General Jaruvan Maintaka came out to receive her. Pinthongta smiled and waved to supporters, although she refused to give interview. She left the OAG an hour later. The middle child of Mr Thaksin earlier sought to postpone her meeting with the investigators until Aug 24, saying that she was preparing for her examinations. On Aug 24, she again sought to postpone the meeting, citing her preparations to pursue Continued here: http://www.bangkokpost.com/breaking_news/b...s.php?id=122473 Link to comment Share on other sites More sharing options...
Jai Dee Posted October 9, 2007 Author Share Posted October 9, 2007 Daughter of ousted premier attend a hearing on alleged tax evasion Pinthongta Shinawatra, a daughter of ousted prime minister, arrives at Assets Examination Committee to testify over alleged tax evasion on the sales of Shin Corp stocks. Pinthongta was accompanied by her aunt-in-law Somchai Wongsawat, a former permanent secretary to justice ministry. Source: The Nation - 09 October 2007 Link to comment Share on other sites More sharing options...
sriracha john Posted October 9, 2007 Share Posted October 9, 2007 aunt-in-law Somchai Wongsawat: Link to comment Share on other sites More sharing options...
sriracha john Posted October 9, 2007 Share Posted October 9, 2007 Ousted PM's Daughter Meets Assets Probe Panel The daughter of the exiled prime minister reported to the Assets Examination Commission's (AEC) sub-panel investigating the share transfer of Shin Corporation on Tuesday. After postponing her scheduled testimony to the AEC's sub-panel, investigating the controversial share transaction of Shin Corporation several times, Pinthongta Shinawatra, daughter of deposed Prime Minister Thaksin Shinawatra, visited the Office of Auditor General on Tuesday to meet the panel. However, she reportedly submitted a statement with the sub-panel, refusing to give testimony regarding the share transaction of Shin Corporation, formerly owned by her family. The move may prompt the committee to file another charge against Pinthongta for failing to give testimony, as it did against four others, including her mother Pojaman, her brother Panthongtae, her aunt Bussaba Damapong, and Pojaman's personal secretary, Kanjanapa Honghern. - Thailand Outlook ============================================ Is it a jail-able offense? It might help move things along a little better if it is. Link to comment Share on other sites More sharing options...
sriracha john Posted October 9, 2007 Share Posted October 9, 2007 Pinthongta arrives to not testify to the Commission (with aunt-in-law Somchai on the right with glasses) Thai Rath Daily News Link to comment Share on other sites More sharing options...
hammered Posted October 9, 2007 Share Posted October 9, 2007 Incriminating yourself or your parents by your testimony is not something a kid of the T man is going to do. Also if you cant prove it that means we didnt do it. In the modern world nobody is willing to stand up and accept responsibility for their actions. Link to comment Share on other sites More sharing options...
marshbags Posted October 9, 2007 Share Posted October 9, 2007 (edited) Pinthongta arrives to not testify to the Commission (with aunt-in-law Somchai on the right with glasses) Thai Rath Daily News The expressions speak volumes about The Puyai attitude to law and order Thai style. Oh yes, sorry i forgot, it,s only a small and unimportant issue / testimony relating to questionable share dealing transactions of a pathetic few billion baht. Not so serious when you relate it to all those poor souls locked up big time for questionable minor offences. Like F*** it is / isn,t and well pissed off by there being allowed to continually undermine the authorities and stay out of jail. marshbags P.S. The poor have to prove they are innocent and are considered guilty The Puyai are considered innocent until they can be proved to be guilty. <deleted> Edited October 9, 2007 by marshbags Link to comment Share on other sites More sharing options...
Tony Clifton Posted October 9, 2007 Share Posted October 9, 2007 Too many players having to answer to too many questions, each knowing only about the piece of the puzzle they're holding, not the whole picture, too risky for any of them to talk. They 're building the case against themselves by constantly postponing, suddenly being ill and refusing to testify. Refuse to take a breathalyser test and you are considered drunk. Link to comment Share on other sites More sharing options...
John K Posted October 9, 2007 Share Posted October 9, 2007 I am not sure of the Thai equal of the US fifth amendment, but this is getting to be really deep. For the moment I don’t have much of a comment as anything now would just be off the cuff. However if you consider that Thaksin has been playing every legal delay tactic there is plus a few more, I am very certain Thai patience is wearing very thin. Add to that the PPP and company running around, pro Thaksin people slowing the investigation, Thaksin is certainly playing Thailand. Lets see how the bring Thaksin home project goes next week. Link to comment Share on other sites More sharing options...
Plus Posted October 9, 2007 Share Posted October 9, 2007 Can someone clarify if ALL the assets are going to be seized or they'll stop once they reach 10bil they need for taxes? Can't they tap into assets freezed by AEC? Link to comment Share on other sites More sharing options...
Old Man River Posted October 9, 2007 Share Posted October 9, 2007 A Shinawatra is back in Thailand... Thaksin kid meets ASC on Shin Corp deal Pinthongta Shinawatra, daughter of ousted premier Thaksin, went to testify to the Assets Scrutiny Committee (ASC) on Shin Corp share sales on Tuesday afternoon, after having postponed it a few times earlier. Pinthongta appeared at the Office of the Auditor-General (OAG) at 2pm with deputy leader of People's Power Party Somchai Wongsawasdi and lawyer Pichit Chuenban. Auditor-General Jaruvan Maintaka came out to receive her. Pinthongta smiled and waved to supporters, although she refused to give interview. She left the OAG an hour later. The middle child of Mr Thaksin earlier sought to postpone her meeting with the investigators until Aug 24, saying that she was preparing for her examinations. On Aug 24, she again sought to postpone the meeting, citing her preparations to pursue Continued here: http://www.bangkokpost.com/breaking_news/b...s.php?id=122473 Just think. If the PPP wins the next election, all of this will go away. What will we have to write about then? Link to comment Share on other sites More sharing options...
sriracha john Posted October 9, 2007 Share Posted October 9, 2007 Pinthongta Shinawatra, a daughter of former prime minister arrives at office of Assets Examination Committee Tuesday to testify over alleged tax evasion on the sales of Shin Corp stocks. The Nation Auditor-General Jaruvan Maintaka, right, escorts Pinthongta Shinawatra, middle, daughter of former prime minister Thaksin Shinawatra, into the office of the Assets Examination Committee yesterday to testify about alleged tax evasion regarding the sale of Shin Corp stocks. The Nation Link to comment Share on other sites More sharing options...
sriracha john Posted October 9, 2007 Share Posted October 9, 2007 Ousted PM's Daughter Meets Assets Probe PanelHowever, she reportedly submitted a statement with the sub-panel, refusing to give testimony regarding the share transaction of Shin Corporation, formerly owned by her family. The move may prompt the committee to file another charge against Pinthongta for failing to give testimony, as it did against four others, including her mother Pojaman, her brother Panthongtae, her aunt Bussaba Damapong, and Pojaman's personal secretary, Kanjanapa Honghern. - Thailand Outlook ============================================ Is it a jail-able offense? It might help move things along a little better if it is. the answer is yes... six months worth... Pinthongta faces ASC charges The Assets Scrutiny Committee will file criminal charges against Pinthongta Shinawatra for her refusal to testify about the Shin Corp share case after being allowed to postpone the process three times, ASC spokesman Sak Korsaengruang said yesterday. The move came after Pinthongta yesterday submitted a written letter refusing to give a statement to the ASC's sub-panel investigating the Shin Corp deal with Singapore's Temasek. Pinthongta had asked the ASC three times to postpone her testimony before she submitted the letter yesterday. Mr Sak said Pinthongta's refusal to give a statement to the ASC violated the anti-corruption law, which stipulates imprisonment of up to six months and a fine of up to 60,000 baht. The ASC will proceed on Monday to file criminal charges against her, said Mr Sak, also a member of the sub-panel. In the letter handed in by Pinthongta, she said it would be unacceptable for her as a daughter to give testimony in a case which could bring about negative consequences for her parents. She also wanted to avoid any mistaken statements caused by her lack of familiarity with the process. Continued here: http://www.bangkokpost.com/News/10Oct2007_news10.php ============================================================== Welcome to the adult world, Pinthongta, where your adult actions as a major share-holder with billions of baht in value comes with responsibilities and accountability. If you don't like it, you should complain to your Dad, who transferred all those shares to you. As for your unfamiliarity with the process, that's what your battalion of attorneys are for. Now then, I hope you aren't planning on fleeing Thailand to avoid prosecution... because in the adult world, that is an additional charge. Link to comment Share on other sites More sharing options...
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