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Yingluck cleared of concealing assets

The National-Anti Corruption Commission unanimously agreed that Prime Minister Yingluck Shinawatra had no case to answer over claims that she falsified a statement of her assets, NACC member Klanarong Chanthik said yesterday.



Klanarong said the NACC had found no grounds to suspect that Yingluck had falsified her financial statement or concealed assets with regard to the Bt30 million in loans she had granted to her husband Anusorn Amornchat's Ad Index Company.

Yingluck reported the Bt30-million loan in her financial statements submitted to the NACC on August 2, 2011, when she took office as an MP, and then again on August 30, 2011, when she took office as prime minister.

In the two statements, Yingluck said Ad Index had issued her with three promissory notes, which were dated October 6, 2006, for a loan of Bt20 million, March 9, 2007, for a loan of Bt5 million, and March 13, 2007, for a loan of Bt5 million.

Klanarong said the NACC had ordered an investigation on five points:

1. That in 2006, Ad Index's books failed to record that it borrowed money from anyone, seemingly contradicting Yingluck's assets statement that she granted a Bt20-million loan to the firm on October 6, 2006. The NACC wanted to know why the loan had not appeared in the firms' books for 2006, while its 2007 books stated it had borrowed Bt30 million.

2. That the firm stated different interest rates for the loans it obtained, varying between 2.50 and 3.75 per cent per annum, whereas Yingluck reported that she had collected interest on the loans at Krung Thai Bank's one-year fixed deposit rate.

3. That the three promissory notes carried different dates and amounts but their wording was almost identical.

4. That there was suspicion the three promissory notes were actually issued on the same day.

5. That there was suspicion the loans may actually be fabricated.

Klanarong said NACC investigators had checked the loans and found that although the details of interest rates were different, documents convinced the NACC that Yingluck did actually lend Bt30 million to the firm.

As a result, Klanarong said, the NACC did not suspect that Yingluck intended to falsify or conceal assets that needed to be declared in line with the NACC Act of 1999, Article 263, paragraph 1, and Article 34.

Klanarong said the NACC had also checked the bank accounts of Yingluck, Anusorn and their son, as well as all their assets and loans from banks and other financial institutions, and had not found anything that raised suspicion that Yingluck wanted to conceal her assets.

The NACC had thus unanimously resolved to endorse the authenticity of Yingluck's assets statements, he said, and would keep a record of the statements for future reference.


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