AEC urged to trace Ample Rich
Democrat Party executive Korbsak Sabhavasu yesterday urged the Assets Examination Committee (AEC) to trace the transactions from Shin Corp to Ample Rich Investments, to determine if the children of former prime minister Thaksin Shinawatra really owned Ample Rich.
After testifying to the AEC, Korbsak said Shin Corp must have paid dividends to Ample Rich over four years with annual cheques worth millions of baht. The AEC could ask the Bank of Thailand to verify if the money went to Thaksin's children, Panthongtae and Pinthongta, he said. If the two were not Ample Rich owners, their purchase of shares for Bt1 each - which they later sold to Temasek Holdings for Bt49 each - would be regarded as insider trading. They, therefore, must be fined twice the difference, which would be Bt30 billion. However, the information might be hard to find as Ample Rich was registered in the British Virgin Islands, and the documents could be fake, Korbsak said. AEC spokesman Sak Kor-saengruang said the AEC would consider Korbsak's information and would investigate fairly. Budsarakham Sinlapalavan The Nation
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