Wednesday, February 10, 2010

Thaksin children file closing statement

10/02/2010
Bangkok Post

Counsel for two of ousted premier Thaksin Shinawatra's three children on Wednesday filed a closing statement with the Supreme Court, declaring that they are not nominees of their father and their assets that were seized were acquired before Thaksin came into power.
Kittiporn Adulrat, representing Panthongtae and Pinthongta, said he filed the 130-page statement declaring that their assets, totalling 40 billion baht, were acquired transparently.The statement contains 15 key rebuttals, which state that Mr Panthongtae's assets worth 17.15 billion baht and Ms Pinthongta's assets worth 23.52 billion baht were acquired by the sale of Shin Corp shares, which were given to them by Thaksin and his wife before he became prime minister.The assets were seized by the now disbanded Assets Scrutiny Committee (ASC) after the September 2007 coup.
Mr Kittiporn also said that he believed Thaksin's ex-wife Khunying Potjaman and their children would be at the court to hear the Feb 26 verdict on the seizure of assets totalling 76.6 billion baht from the family.
Siam Commercial Bank (SCB) president Kannika Chalit-arporn said the court ruling on whether to seize the Shinawatra fortune would not have any impact on the SCB's liquidity.
“Thaksin, his son and daughters have about 10 billion baht deposited in accounts with the SCB, which is a very small part of the bank’s 900 billion baht liquidity.
Therefore, there will be no effect on our bank ... if the court rules to seize the assets,” Mrs Kannika said.The bank would comply with any court order, she added.

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