COME ON! GET THE FACTS STRAIGHT!

[Chris-TH]

Veto, I guess you missed the point of those trials. Thaksin and his family members are not defendants, but plainstiffs!! They are sueing to get their assets released.

And BTW, out of the 73B, only about 6B belongs to Thaksin and his former wife.

[Veto]

Veto, I guess you missed the point of those trials. Thaksin and his family members are not defendants, but plainstiffs!! They are sueing to get their assets released.

And BTW, out of the 73B, only about 6B belongs to Thaksin and his former wife.

RE:
Maybe I didn't understand completely. I will refer to this news article
http://www.nationmultimedia.com/search/read.php?newsid=30091930&keyword=thaksin++assets+seizure
Court case refer Thaksin as unusually rich and a trial due to begin last March. What happened to this case? or is it the same?

[Chris-TH]

Well Veto, maybe I'm also confused. There are in fact several cases pending, including the ones from family members that had their assets frozen. From the links that you provided you can read this:

The AEC probe led to the Attorney-General's Office in August indicting Thaksin for being unusual-ly wealthy and demanding the seizure of Bt76 billion of his family's assets. The money was earned from the sale of the Thaksin family's Shin shares.

The law that was cancelled last year by the Constitutional Court was in fact what the AEC used for the seizure. So things has changed a bit since August last year. That could be a reason for the delay (I wonder if the family members will in fact be able to withdraw aprox 70B if they win the cases or if it will break the back of the bank????)

[Ian]

Well Veto, maybe I'm also confused. There are in fact several cases pending, including the ones from family members that had their assets frozen. From the links that you provided you can read this:

The AEC probe led to the Attorney-General's Office in August indicting Thaksin for being unusual-ly wealthy and demanding the seizure of Bt76 billion of his family's assets. The money was earned from the sale of the Thaksin family's Shin shares.

The law that was cancelled last year by the Constitutional Court was in fact what the AEC used for the seizure. So things has changed a bit since August last year. That could be a reason for the delay (I wonder if the family members will in fact be able to withdraw aprox 70B if they win the cases or if it will break the back of the bank????)

That bank is also my bank so Thaksin had better be careful His English home is just 15 mins away from me, it would be a shame to see it go up in flames.

[Chris-TH]

LOL Ian,

but the bank might survive I guess. I think it is owned by Crow.n Properties.

Btw, I wonder if the remaining 50+% of the shareholders of Shin Corp will also be procecuted for becoming unusual rich due to the increased value of their shares?

[Ian]

LOL Ian,

but the bank might survive I guess. I think it is owned by Crow.n Properties.

Btw, I wonder if the remaining 50+% of the shareholders of Shin Corp will also be procecuted for becoming unusual rich due to the increased value of their shares?

The CP have a 30% share which is why I chose it, I can't see his nibs ever going bancrupt. Incidentally the bank made a nice profit being the agent for selling Thaksin's business to Singapore.

[Chris-TH]

I seem to remember that CP acquired some 6X% more not too many years ago. The hold about 98% now.

[pachangamac042]

“Thaksin's sale also impacted holdings, among other parties, of the C P that has investment in the Siam Commercial Bank that held ShinCorp stock.” – Source Wikipedia.

Question, what role played Siam Commercial Bank in the deal? What was their cut if any?

[Ian]

“Thaksin's sale also impacted holdings, among other parties, of the C P that has investment in the Siam Commercial Bank that held ShinCorp stock.” – Source Wikipedia.

Question, what role played Siam Commercial Bank in the deal? What was their cut if any?

As I understand it SCB were the brokers in that transactions were conducted through them, thus they would have got a brokerage fee, a currency exchange rate fee, plus no doubt a few backhanders in the pockets of major executives and shareholders.
Thus whilst the PAD was raging at Thaksin, many other major shareholders were chuckling at the naivety of the PAD.