Rice scheme officials risk court
Judges to mull petition against pledging today
- Published: 10 Oct 2012 at 00.00
- Newspaper section: News
Officials who implement the government's controversial rice pledging scheme could be damaging the country and risk being taken to court, a senior economist from the Thailand Development and Research Institute (TDRI) has warned.
Nipon Puapongsakorn, former president of the TDRI and now a distinguished fellow at the institute, compared the case to that of the former governor of the Bank of Thailand, Rerngchai Marakanond, who was fined 185.95 billion baht in 2005 for approving currency transactions that led to the loss of billions of baht in national reserves before the 1997 economic crisis.
The Appeal Court overturned the lower court ruling last year, though the central bank has since lodged an appeal with the Supreme Court.
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