SCB board reconvenes on Thursday
Siam Commercial Bank will call for another board of directors meeting on August 28, as the board could not reach a conclusion how to react to the Revenue Department's order at Monday's meeting.
In the statement issued on Monday after the board meeting, SCB said that it is a signficant issue and the Attorney General's Office has already filed a court complaint against involved parties.
"The bank needs to thoroughly consider it. The board would convene on August 28... During this time, we will guard the money in the involved accounts," the bank said.
The Revenue Department on Friday issued a letter to the bank, compelling it to transfer the Bt12 billion deposits belonging to deposed prime minister Thaksin Shinawatra's children, Panthongtae and Pinthongta, to the department.
The order is controversial as many figures questioned the department's move, as the order was sent only days before the Attorney General's Office filed the court case to confiscate Thaksin and family's fortunes worth totally Bt76 billion.
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