Thailand's Supreme Court issued averdict on Feb. 26, paving the way for the confiscation of over 46billion THB (1.4 billion USD), or more than half of the total assets ofThai ex-premier Thaksin Shinawatra which worth 76 billion THB (2.3billion USD).
In its verdict, which was broadcastlive on Thailand ’s televisions and radios, the court said the majorityof the judges rule that the wealth of Thaksin to be confiscated, fromshare dividends and part of the sale of shares in Shin Corp, isaltogether 46.37 billion THB.
The Thai government had already monitored the sale of the shares ownedby Thaksin and his family members to Singapore-based Temasek group,whose assets were also blockaded after the Thai ex-prime minister wasousted in a military coup in 2006.
Just minutes after the announcement, Thaksin said in a video speechfrom exile in Dubai that "This case is very political... The rulingwill be a joke for the world.”
Thousands of troops and police had been deployed across the country for what the local media had dubbed "Judgement Day" but there were nooutbreaks of violence by his backers, known as the "Red Shirts", afterthe ruling./.
In its verdict, which was broadcastlive on Thailand ’s televisions and radios, the court said the majorityof the judges rule that the wealth of Thaksin to be confiscated, fromshare dividends and part of the sale of shares in Shin Corp, isaltogether 46.37 billion THB.
The Thai government had already monitored the sale of the shares ownedby Thaksin and his family members to Singapore-based Temasek group,whose assets were also blockaded after the Thai ex-prime minister wasousted in a military coup in 2006.
Just minutes after the announcement, Thaksin said in a video speechfrom exile in Dubai that "This case is very political... The rulingwill be a joke for the world.”
Thousands of troops and police had been deployed across the country for what the local media had dubbed "Judgement Day" but there were nooutbreaks of violence by his backers, known as the "Red Shirts", afterthe ruling./.
