ID :
40869
Thu, 01/15/2009 - 20:35
Auther :
Shortlink :
http://m.oananews.org//node/40869
The shortlink copeid
Thai court upholds freeze on Thaksin children's deposits
BANGKOK, Jan 15 (TNA) - Thailand's Administrative Court on Thursday upheld an earlier court ruling which allowed Siam Commercial Bank (SCB) to continue the freezing of Bt12 billion it holds in accounts of two children of convicted former prime minister Thaksin Shinawatra.
The court ordered SCB not to release the deposits of Panthongtae and Pinthongta Shinawatra ordered frozen by the now-defunct Assets Examination Committee (AEC) on June 11, 2007.
The ruling was made following an enquiry by SCB whether it should unfreeze the deposits after the Revenue Department asked the bank to release the money so that it could be used to pay for income tax liabilities.
The funds requested by the Revenue Department is part of the Bt76 billion of the Shinawatra family assets ordered frozen by the AEC. About Bt39.63 billion was deposited with SCB.
The AEC's cases have been taken over by National Counter Corruption Commission. (TNA)
The court ordered SCB not to release the deposits of Panthongtae and Pinthongta Shinawatra ordered frozen by the now-defunct Assets Examination Committee (AEC) on June 11, 2007.
The ruling was made following an enquiry by SCB whether it should unfreeze the deposits after the Revenue Department asked the bank to release the money so that it could be used to pay for income tax liabilities.
The funds requested by the Revenue Department is part of the Bt76 billion of the Shinawatra family assets ordered frozen by the AEC. About Bt39.63 billion was deposited with SCB.
The AEC's cases have been taken over by National Counter Corruption Commission. (TNA)
