• 
• 

Published on August 15, 2007

The seized assets are believed to be proceeds from the Shin Corp share sale, including Bt201 million accredited to Yingluck Shinawatra and Bt30 million to Panthongtae Shinawatra.

Sak said the AEC was informed that the Revenue Department had sent a letter to Panthongtae and Pinthongta Shinawatra demanding that they pay income tax of Bt5.9 billion each by August 31. Both had the right to appeal against the tax appraisal within 30 days on the condition that they place the same amount of money, Bt5.9 billion each, as a guarantee. The department had the right to freeze and auction their assets if they refused to pay the tax, Sak said.

The AEC subcommittee headed by Amnuay Thanthara, which is investigating the Shin Corp share sale, said Thaksin listed 30 people as witnesses in his objection to the AEC's orders to freeze his assets, a source said.

Amnuay's panel will question only a few witnesses before deciding whether to release the assets.