The court ruled that the 10-year statute of limitations of the perjury case, in which Monson accused of Thaksin of perjury regarding civil cases Thaksin had filed against the businessman, had already expired.

This is the last of two lawsuits Monson filed against Thaksin. On September 11, the Criminal Court also ruled the similar verdict.

Thaksin, a former cable television businessman, was accused of giving false evidence in court in a related civil case against Monson, a cable television business owner.

Speaking after learning of the verdict on September 11, Monson said he remained optimistic. Monson added he would appeal the ruling.

"A boxing match has many rounds. This is only one round. You called it karma. We say what goes around comes around," Monson had said.

Monson is currently the proprietor of Clearview cable television in Seattle. He was a former business partner of Thaksin at cable broadcaster IBC.

Monson and Thaksin fell out and Thaksin accused Monson of embezzlement in 1989. He was acquitted.

The Nation