Monday, November 9, 2009

Thai royalists target stock-market analysts over rumors of king's health

In the past week, Thai authorities have arrested three people on charges of disseminating false data. The arrests have sparked complaints of a witch hunt.

November 8, 2009
By Simon Montlake
Correspondent of The Christian Science Monitor

Bangkok, Thalland - When Thailand's stock market swooned last month, analysts put the blame on widespread rumors over the deteriorating health of the country's revered monarch, who had been hospitalized with the flu. The next day, Oct. 15, brought more rumors and an even sharper sell-off, capping a two-day 7 percent drop in the benchmark stock index.
Now Thai authorities are targeting citizens they allege spread rumors about the king's health in order to profit from the selloff.
Over the past week, Thai authorities have arrested three people on charges of disseminating false data. Police say that further arrests may follow and government officials warn that "national security" is at stake in the case.

No comments: