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Published on December 1, 2007

A source from the subcommittee investigating the sale of Shin Corp's shares said Revenue chief Sanit Rangnoi would be asked why he had not taken any action against Panthongtae and Pinthongta Shinawatra.

The source, who asked not to be named, said the subcommittee had concluded that the two had to pay tax of Bt12 billion on the sale of shares to Temasek Holdings and had told the Revenue Department on August 3 to collect it.

The source said the department should have frozen the assets of the two pending the rulings of the primary, appeals and supreme tax courts.

AEC member Kaewsan Atibhodi said his panel would inform Thaksin of his indictment for conflict of interest on December 11.

The indictment involves Thaksin's concealment of shares he held through a nominee, his family and relatives without reporting them to the National Counter-Corruption Commission.

"We will inform Thaksin separately on December 11 of his other indictments for malfeasance in projects, including the case of changing [telecommunication] concessions into excise, which we ruled on earlier," he said.

The penalties for share concealment include up to three years jail and up to a Bt30,000 fine.

Sak Korsaengruang, AEC spokesman and chairman of an AEC panel investigating Exim Bank loans by the Thaksin government to Burma, said the panel had allowed Thaksin to postpone clarification until December 29 as requested.

Bancha Khaengkhan

 The Nation