The AEC panel probing the Shin Corp share sale grilled Yingluck for more than eight hours over the two million shares she bought from Thaksin at a par value of Bt10 each.

The subcommittee asked if she had filed a tax return reporting the capital gains she made. Since the market price of Shin Corp stock was Bt150 at that time, she earned about Bt280 million in total from the price difference on the two million shares, the source said.

Yingluck said she did not file a tax return because she did not think she realised any income since she has not sold any of the shares. She said she wrote Bt20 million in cheques to pay for the two million shares and would submit evidence about the cheques later.

She said she asked Thaksin for some shares so that she had some capital for business investment. Thaksin sold her the two million shares in 2000, the source said.

Yingluck told reporters that the session took a long time because she wanted to make sure her testimony was accurate.

Sak Korsaengruang, chairman of the panel, said Yingluck would not be the last witness to testify in the case. Yingluck was cautious during the questioning and did not answer questions that were technical or complicated.

Yingluck's case was similar to Bhanapot Damapong, Pojaman Shinawatra's brother, who did not file a tax return for income on the price difference of Shinawatra Computer and Communication shares worth Bt778 million. The panel ruled that Bhanapot was liable to pay tax and the case was sent for trial last month.

Another AEC panel would today wrap up its investigation into the Ratchadaphisek land purchase by Pojaman Shinawatra, chairman Udom Fuangfung said yesterday.

Udom said his panel would suggest to the AEC that the land deal be lodged with the Supreme Court's Criminal Division for Holders of Political Positions for convenience even though Pojaman was not a politician.

Budsarakham Sinlapalavan,

Bancha Khaengkhan

The Nation