Tuesday, March 25, 2008

AEC is poised to prosecute Thaksin for the EX-IM BankBurma deal

The Assets Examination Committee has scheduled Monday to rule on the prosecution of former prime minister Thaksin Shinawatra for abuse of power relating to his involvement in the extending of Bt 4 billion by the EX-IM Bank to Burma.

AEC panel chairman Sak Korsaengruang said he would recommend for the trial of Thaksin as the sole defendant for increasing the loan from Bt3 billion in order to finance a telecom deal with Shin Satellite, seen as linked to his family.

The deal caused Bt99 million in damages computed from the interest subsidy paid by the Finance Ministry to make the soft loan available.
The Nation

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