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Thai PM cleared of asset concealment charges

Last Updated: Thursday, April 4, 2013 - 22:24

Bangkok: Thailand’s Prime Minister Yingluck Shinawatra was on Thursday cleared of asset concealment charges involving 30 million Baht (one million U.S. dollars) in loaning provided to a firm owned in part by her spouse several years ago.
The National Anti-Corruption Commission made a unanimous decision to lift the charges against Yingluck and ruled that she had by no means purposedly concealed her assets, nor falsified her personal wealth report filed to the anti-graft agency a few months after she was named prime minister following 2011``s general election, according to Commissioner Klanarong Chantik.

The woman leader had loaned 30 million baht to a little-known Ad Index Co., owned in part by her husband, Anusorn Amornchat, between 2006 and 2007.

The NACC found documented evidence pertaining to transactions of the money and payments of the interest for the loan over the last several years and concluded that the woman leader had no intention to hide her wealth, he said.

Yingluck’s loan for her spouse’s firm was divided into two batches with one amounting to 10 million Baht and the other 20 million Baht.

If otherwise found guilty of asset concealment charges, nevertheless, the woman leader would probably have been impeached by law and banned from politics for a five-years time.


First Published: Thursday, April 4, 2013 - 22:24
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