Allegation of Thaksin's practice of favouritism for vested interest

Background: A AEC panel probes allegation that Thaksin abuses his authorities to favour the business of his family and his cronies.

 

Septembe 10: The AEC approved the AEC panel's ruling to investigate Thakin over his alleged practicing favouritism for his family and cronis. Klanarong Chantik who heads the panel suggested that the AEC pressed charges against Thaksin and his wife for asset concealment.

 

Kaewsan said Thaksin would be charged with breaching the Constitution and breaking the National Counter Corruption Act that bans Cabinet ministers from holding shares and concessions. An AEC panel unearthed evidence to prove that Thaksin held Shin Corp shares through Ample Rich and Win Mark.

 

According to the evidence submitted by Kanchanapa Honghern, an account of Ample Rich opened with UBS Singapore Bank on June 11, 1999, indicated that Thaksin was the sole authorised director to withdraw the 329 million shares deposited with the bank.

 

Although Thaksin claimed he sold the shares to his children Panthongtae and Pinthongta on June 29, 2005, he continued to be the sole authorised director. During his term from 2001-2005, Thaksin thus broke the Provision 100 (3) of the National Counter Corruption Law.