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Assets unfrozen

The Assets Examination Committee has rescinded an order to freeze the assets of one group that had a connection to alleged irregularities in the Shin Corp share sale, spokesman Sak Korsaengruang said yesterday.

Published on September 4, 2007



It was the first time the committee had reversed a decision.

The assets belong to a legal firm called Thirakupt and were worth Bt132,122, Sak said.

A panel headed by Amnuay Tantara considered lifting the order after a request from the law firm. It found the firm had convincing evidence that it had earned the money legally by providing advice to Shin Corp about the share sale, Sak said.

The company reported the income to the Revenue Department and paid tax, he said.

The Nation


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