FAKE RICE DEALS: Boonsong aims to block asset seizure

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FAKE RICE DEALS

Boonsong aims to block asset seizure

The Nation 

 

To seek court injunction and file suits against officials over order linked to fake rice deals

 

BANGKOK: -- FORMER commerce minister Boonsong Teriyapirom will seek an Administrative Court injunction to block a government move to seize his assets in connection with fake government-to-government rice deals.

 

He is also preparing to file counter-lawsuits alleging that top officials avoided due process of law.

 

Full story: http://www.nationmultimedia.com/politics/Boonsong-aims-to-block-asset-seizure-30295819.html

 

-- © Copyright The Nation 2016-09-21

 

[BigBadGeordie]

Shocked at this action, being such an honorable man, I thought he would have said "fare cop guv", come and collect the 57 satang in remaining assets I have, as I am a poor man.

[sharecropper]

This is a totally different kind of wrongdoing to Yingluck's. Hers was at best a Political and Administrative malfeasance and her assets should not be sequestered. An analogy in the real world would be Tony Blair's or GW Bush's assets being sequestered for their disastrous and culpable decision to invade Iraq, which cost both countries billions of $.

 

For the criminally fake rice deal, where an outrageous (but typical) high level criminal conspiracy has gone on, then of course, sequester the assets of the guilty.

[robblok]

36 minutes ago, sharecropper said:

This is a totally different kind of wrongdoing to Yingluck's. Hers was at best a Political and Administrative malfeasance and her assets should not be sequestered. An analogy in the real world would be Tony Blair's or GW Bush's assets being sequestered for their disastrous and culpable decision to invade Iraq, which cost both countries billions of $.

 

For the criminally fake rice deal, where an outrageous (but typical) high level criminal conspiracy has gone on, then of course, sequester the assets of the guilty.

YL told us no corruption, this was one of her trusted ministers.. do you really think she did not know  Was she that stupid... she was the one in charge of the rice program. She kept the program off book.. a price per year similar to the health budget. off books .. not in the official budget. Now that is a crime, Blair and Bush never did such a thing. There would have been no problems had she put it on the books in the official budget.. then it was just an other subsidy.. now it was not.. it was black book vote buying. By doing it off budget it is criminal.. no country in the world would allow spending as high as the health budget to be off books. 

Reason they kept it off books was else the deficit was too big and other vote buying programs had to be scrapped. This is how the election was bought on a fraudulent way. 

[sharecropper]

3 minutes ago, robblok said:

YL told us no corruption, this was one of her trusted ministers.. do you really think she did not know  Was she that stupid... she was the one in charge of the rice program. She kept the program off book.. a price per year similar to the health budget. off books .. not in the official budget. Now that is a crime, Blair and Bush never did such a thing. There would have been no problems had she put it on the books in the official budget.. then it was just an other subsidy.. now it was not.. it was black book vote buying. By doing it off budget it is criminal.. no country in the world would allow spending as high as the health budget to be off books. 

Reason they kept it off books was else the deficit was too big and other vote buying programs had to be scrapped. This is how the election was bought on a fraudulent way. 

 

I don't understand what it is you're trying to say by using the phrase "off book."  Everyone knew about this scheme and its costs.

[halloween]

43 minutes ago, sharecropper said:

This is a totally different kind of wrongdoing to Yingluck's. Hers was at best a Political and Administrative malfeasance and her assets should not be sequestered. An analogy in the real world would be Tony Blair's or GW Bush's assets being sequestered for their disastrous and culpable decision to invade Iraq, which cost both countries billions of $.

 

For the criminally fake rice deal, where an outrageous (but typical) high level criminal conspiracy has gone on, then of course, sequester the assets of the guilty.

Staying away from the Siam Indica thread must have helped you maintain your view. Otherwise you would know that that the profits reaped from this little scam were via the same criminals her brother used.

[sharecropper]

Just now, halloween said:

Staying away from the Siam Indica thread must have helped you maintain your view. Otherwise you would know that that the profits reaped from this little scam were via the same criminals her brother used.

 

Surely that's irrelevant to Yingluck? Otherwise she'd be charged in a criminal conspiracy case.

 

Sounds like you have evidence to present about Thaksin's culpability, however, so good luck with that.

[robblok]

6 minutes ago, sharecropper said:

 

I don't understand what it is you're trying to say by using the phrase "off book."  Everyone knew about this scheme and its costs.

 

Quite simple.. you put the costs of programs in the central budget and reserve money for it. If you don't do that (you can look in the central budget for those years there was no reservation made for the rice programs costs) your doing it off books and keeping everyone in the dark. Your acting like there are no costs involved. This is highly illegal and why its not a subsidy but cause to charge YL. The rules of accounting are if you know there are costs you should put them in the central budget. However the central budget already was overspend.. by adding this it would have looked real bad and they had to scrap other policies (they can only have a certain shortage in the budget with this it would be so high they would have to abandon the program or stop other things like healthcare)

[halloween]

5 minutes ago, sharecropper said:

 

Surely that's irrelevant to Yingluck? Otherwise she'd be charged in a criminal conspiracy case.

 

Sounds like you have evidence to present about Thaksin's culpability, however, so good luck with that.

" The company monopolised the government's rice stockpile from 2003 to 2005, distributing rice to traders through a variety of methods including bidding, ex-warehouse sales and the secret release of stockpiles to specific exporters.

Political backing allowed President Agri Trading to grow rapidly during the time that Thaksin Shinawatra was prime minister. Apichart, a former executive of President Agri and the real top manager of both President Agri Trading and Siam Indiga, has close relations with Thaksin.

Under commerce minister Wattana Muangsook in 2004, the company won the biggest lot in the rice-stockpile auction, 1.7 million tonnes. Its total winning bids with the Commerce Ministry that year amounted to 2.3 million tonnes. "

 

" On January 12, 2010, the company filed for bankruptcy, as it owed a combined debt of Bt12 billion to nine commercial banks, both Thai and foreign, including Bangkok Bank, Krung Thai Bank, and TMB Bank.
President Agri was also sued by the Public Warehouse Organisation for Bt6 billion in compensation for defaulting on bidding orders in past years. "

 

" After President Agri Trading ran into trouble, Siam Indiga, which had close ties to the bankrupt firm's principals, was set up and has participated in many of the ministry's rice auctions. "

 

" Siam Indiga also won part of the government stockpile under the silent-releasing method with total volume of 300,000 tonnes. The rice was set for export under a government-to-government deal to Indonesia only. The bid was Bt11-12 per kilogram compared with the government cost of Bt21-Bt23 per kilo while the market price was Bt15. With this lot alone, the government lost Bt3.3 billion. However, Siam Indiga enjoyed a profit of Bt900 million. "

http://www.nationmultimedia.com/business/Former-head-of-troubled-Agri-Trading-stands-to-gai-30192330.html

" Jun 25, 2014 - The trader is widely believed to be the head of Siam Indica, a rice trading company at the address previously used by President Agri. "

http://af.reuters.com/article/commoditiesNews/idAFL4N0P60X720140625

[SOTIRIOS]

...let's hope they do not get away with Billions due to an alleged oversight...

 

...that would be monumental....and raise a lot of questions...

 

...just to challenge the justice system further....should give rise to more charges...

[thaiturkey]

WHAT'S GOING ON???

The legal actions against Boonsong were initiated using Article 44....which currently overrules all other laws.

So  how come he can challenge this action?

Maybe some brown envelopes have clouded the system?

[Baerboxer]

6 hours ago, sharecropper said:

This is a totally different kind of wrongdoing to Yingluck's. Hers was at best a Political and Administrative malfeasance and her assets should not be sequestered. An analogy in the real world would be Tony Blair's or GW Bush's assets being sequestered for their disastrous and culpable decision to invade Iraq, which cost both countries billions of $.

 

For the criminally fake rice deal, where an outrageous (but typical) high level criminal conspiracy has gone on, then of course, sequester the assets of the guilty.

 

Did Bush and Blair appoint themselves to chair meetings and not bother turning up - ever?

[Baerboxer]

51 minutes ago, SOTIRIOS said:

...let's hope they do not get away with Billions due to an alleged oversight...

 

...that would be monumental....and raise a lot of questions...

 

...just to challenge the justice system further....should give rise to more charges...

 

Alleged oversight - alleged by a PTP minister. And they were so well known for always following the rules and never over making mistakes, breaking laws, not following procedures.

[sharecropper]

1 minute ago, Baerboxer said:

 

Did Bush and Blair appoint themselves to chair meetings and not bother turning up - ever?

 

I haven't checked their diaries, but I'm pretty sure every leader of every country delegates authority to others. That wouldn't be relevant to a criminal conspiracy charge anyway, just (maybe) negligence.

 

And I keep saying, if this bunch of one-eyed hypocrites had evidence to charge her with criminal conspiracy, they would have done it by now.

[Baerboxer]

5 hours ago, robblok said:

 

Quite simple.. you put the costs of programs in the central budget and reserve money for it. If you don't do that (you can look in the central budget for those years there was no reservation made for the rice programs costs) your doing it off books and keeping everyone in the dark. Your acting like there are no costs involved. This is highly illegal and why its not a subsidy but cause to charge YL. The rules of accounting are if you know there are costs you should put them in the central budget. However the central budget already was overspend.. by adding this it would have looked real bad and they had to scrap other policies (they can only have a certain shortage in the budget with this it would be so high they would have to abandon the program or stop other things like healthcare)

 

There were no costs Rob - it was self financing, Yingluck said so, repeatedly.

[ratcatcher]

This could be Boonsong's swan song.

[scorecard]

37 minutes ago, thaiturkey said:

WHAT'S GOING ON???

The legal actions against Boonsong were initiated using Article 44....which currently overrules all other laws.

So  how come he can challenge this action?

Maybe some brown envelopes have clouded the system?

 

Here's a thought, maybe the paymaster has instructed him to lodge a challenge, all aiming to see what possibly lies ahead for the sister he conned.  

[scorecard]

Just now, scorecard said:

 

Here's a thought, maybe the paymaster has instructed him to lodge a challenge, all aiming to see what possibly lies ahead for the sister the paymaster conned into this whole situation? 

 

[elgordo38]

7 hours ago, sharecropper said:

high level criminal conspiracy has gone on, then of course, sequester the assets of the guilty.

If what George Bush and Tony Blair tagged teamed on is not high level criminal conspiracy then I am a monkeys uncle. No banana jokes please. 

[elgordo38]

Was this guy and Miss Shin stupid enough to leave their assets in Thailand knowing their chances were much like the zero interest rates in the world today they deserve to loose them. 

[kennw]

The rice pledging scheme was vote buying in disguise, it cannot be compared to the Blair/Bush actions. Additionally she (Yinglak) was warned officially of corruption and huge losses several times, she took no action.

How do you propose to cleanup Thai politics unless people are made responsible for their actions after several warnings.