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133355
Sat, 07/17/2010 - 19:25
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http://m.oananews.org//node/133355
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NACC finds fugitive Thaksin guilty in TPI rehabilitation scheme
BANGKOK, July 17 - Thailand’s Office of the National Anti-Corruption Commission (NACC) has ruled that fugitive, ousted prime minister Thaksin Shinawatra violated the rehabilitation plan for the then financially-strapped Thai Petrochemical Industry (TPI) which became bankrupt after the 1997 Asian financial crisis and entered a court financial help.
NACC spokesman Klanarong Chantik told a press conference that the agency board met Thursday and ruled that Mr Thaksin, ousted from power in a bloodless coup in September 2006, had violated Section 157 of the Criminal Code in his dealing with the TPI case.
The NACC will present its recommendation to the Office of the Attorney General to advise the Supreme Court’s Criminal Division for Holders of Political Positions to forbid Mr Thaksin, now in self-imposed exile, from engaging in political affairs in future.
Mr Thaksin was earlier sentenced in absentia to two years in prison for his abuse of power in his then wife's purchase of land in a prime Bangkok commercial area at a discounted price.
Mr Klanarong said the NACC board found that the former prime minister in 2003 endorsed the Finance Ministry’s bid to apply to be an administrator for TPI’s rehabilitation plan and in doing so he was guilty of malfeasance and violation of Section 157 of the Criminal Code.
In doing so, the Finance Ministry had abused its power and also damaged the civil service system.
The NACC dropped its case against then finance minister Suchart Jaovisit for malfeasance for allowing the ministry to administer the TPI rehabilitation plan as he had already died.
Another who was dropped from the NACC’s charges was then deputy prime minister Somkid Jatusripitak as the agency found no solid evidence against him, Mr Klanarong said.
TPI was later renamed Integrated Refinery Petrochemical Complex Public Co., Ltd. (IRPC) and is listed under the energy and utilities sector of the Stock Exchange of Thailand. (MCOT online news)
NACC spokesman Klanarong Chantik told a press conference that the agency board met Thursday and ruled that Mr Thaksin, ousted from power in a bloodless coup in September 2006, had violated Section 157 of the Criminal Code in his dealing with the TPI case.
The NACC will present its recommendation to the Office of the Attorney General to advise the Supreme Court’s Criminal Division for Holders of Political Positions to forbid Mr Thaksin, now in self-imposed exile, from engaging in political affairs in future.
Mr Thaksin was earlier sentenced in absentia to two years in prison for his abuse of power in his then wife's purchase of land in a prime Bangkok commercial area at a discounted price.
Mr Klanarong said the NACC board found that the former prime minister in 2003 endorsed the Finance Ministry’s bid to apply to be an administrator for TPI’s rehabilitation plan and in doing so he was guilty of malfeasance and violation of Section 157 of the Criminal Code.
In doing so, the Finance Ministry had abused its power and also damaged the civil service system.
The NACC dropped its case against then finance minister Suchart Jaovisit for malfeasance for allowing the ministry to administer the TPI rehabilitation plan as he had already died.
Another who was dropped from the NACC’s charges was then deputy prime minister Somkid Jatusripitak as the agency found no solid evidence against him, Mr Klanarong said.
TPI was later renamed Integrated Refinery Petrochemical Complex Public Co., Ltd. (IRPC) and is listed under the energy and utilities sector of the Stock Exchange of Thailand. (MCOT online news)
