Supreme Court Verdict In Thaksin Loses THB 46 Billion

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Posted: 27 Feb 2010 | 7:52 am

Thailand's Supreme Court has ruled in favor of the Governments seizure of THB 46 billion in assets allegedly controlled by deposed ex Prime Minister Thaksin Shinawatra in a landmark ruling. It has left him THB 30 billion of the frozen assets as these were presumed personal funds.

Despite many concerns over security and demonstrations, the UDD 'red shirt' movement have asked supporters not to demonstrate at the court and have asked for new elections following the democratic process. For both Bangkok and Phuket the day had been marked by 'business as usual' for both companies and tourists alike.

As Thailand's economic outlook has continued to improve under the stewardship of the Democrat led Government of Abhisit Vejjejiva, foreign investment has returned to the country with tourism numbers strongly rebounding in the final two quarters of 2009 and poised for a growth in visitors of over 16 million in 2010. By the end of Friday the SET (Stock Exchange of Thailand) composite index was up 4.27 pts. on positive market sentiment.

DO YOU LIKE THIS?

NO I DONT THINK THAKSIN WILL TAKE THIS LYING DOWN HE WILL ACT LIKE A CORNERED RAT.

LIKE MOST POEPLE WHO ARE MOTIVATED BY ...PERSONAL GREED.. HE WILL FIGHT TO THE END. UNLIKE HIS COMPATRIOT ...MADOFF WHO IS SEVING HIS SENTENCE IN A USA JAIL FOR A SIMILAR THING. THIS IS THE THE DIFERANCE BETWEEN USA LAW AND THAI LAW,ITS CALLED THE RULE OF LAW WHICH DOES NOT SEEM TO BE UPHELD HERE.. MAYBE THATS WHY WE ALL LIVE HERE?

Barka, 27 Feb 2010 | 12:05 pm

Thaksin to act like a man? I agree, wishful thinking indeed. Hours after promising to accept whatever judgement the court announced, he complains that it was rigged and he knew beforehand what the outcome would be, and threatens revenge. These are not the actions of a rational person. He's still got 30 Billion, which can still go a long way to disrupt the politicial situation in this country. Do you honestly believe that Thaksin will take this lying down?

Concerned, 27 Feb 2010 | 11:10 am

Yes wishful thinking Bill, sorry to think pessimistically, this is not over by far as observed, tears will eventually turn to anger or provoked by some means to destabilise the government and to discredit the country as history has illustrated, a showdown is still pending I’m afraid.

Kermit, 27 Feb 2010 | 10:00 am

I THINK A GOOD DECISION UNDER THE PRESENT SITUIATION,LETS HOPE THAKSIN CAN BE A MAN, AND FOLLOW THE RULE OF LAW.

THIS PRESENT GOVERNMENT ARE DOING A GOOD JOB TAKING INTO ACOUNT THE PM HAS ONLY SO MUCH POWER.

LETS HOPE FOR THAILAND AND PHUKET THIS IS A START OF A NEW BIGINING.....OR IS THIS...WISHFUL THINKING

Bill Barnett responds:
Yes we hope so as well.

Barka, 27 Feb 2010 | 8:25 am