Saturday, February 27, 2010

Thai Court Rules to Seize $1.4 Billion From Thaksin

FEBRUARY 26, 2010
By PHISANU PHROMCHANYA
The Wall Street Journal

BANGKOK—Thailand's Supreme Court ruled Friday to seize 46 billion baht ($1.4 billion) of ousted Prime Minister Thaksin Shinawatra's assets.
The ruling—tied to gains that Mr. Thaksin's family made from selling a stake in Shin Corp. PCL—could anger Mr. Thaksin's supporters and ignite a fresh wave of political upheaval.
According to the verdict from the Supreme Court's Criminal Division for Holders of Political Positions, 46.37 billion baht of Mr. Thaksin's frozen assets, plus interest, will be seized.

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