Thaksin children deny being father’s proxies in holding Bt40 billion assets
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BANGKOK, Feb 10 (TNA) - A lawyer representing two children of Thailand’s
convicted former prime minister Thakin Shinawatra on Wednesday submitted a closing statement to the court, arguing that the Bt40 billion assets belong to them before their father took power in 2001 and that they are not serving as their father's proxy in holding the assets.
The assets were a portion of Mr Thaksin's total assets worth Bt76 billion frozen while awaiting the Supreme Court's Criminal Division for Holders of Political Positions' ruling on February 26 whether or not to seize them as recommended by the Office of the Attorney-General.
Mr Thaksin's children’s lawyer Kittiporn Adultat submitted a 64-page
closing argument to the court. He said the statement consists of a 15
point rebuttals to the prosecution claim that the Bt40 billion assets were
acquired by Mr Thaksin through his power abuse while he was in office
between 2001-2006.
The argument insisted that Mr Panthongtae and Ms Pinthongta acquired the
fortune before their father took power and they were not their father's
proxies as their benefits from the sale of their shares in Shin Corp, the
family business, were acquired through legal means.
The lawyer said he was confident that all evidence provides substantial
ground and that will help his clients win the assets back.
He also said both Mr Panthongtae and Ms Pinthongta will attend the court
ruling on Februry 26 themselves.
The closing statement submitted on behalf of Mr Thaksin's children came a
day after their mother, Pojaman na Pombejra, filed the closing statement
to the court, arguing her assets worth US$30 million were acquired before
Mr Thaksin took the premiership and that her stock transfers to her
children and her stepbrother proceeded in accordance with the law.
The prosecution team on Tuesday submitted a 121-page final document to the
Supreme Court’s Criminal Division for Holders of Political Positions,
recommending the assets were ill-gotten gains through Thaksin’s power
abuse while he was in office between 2001-2006, therefore the assets
should be confiscated to the state.
Mr Thaksin’s lawyer had submitted a closing statement on his behalf in
January, denying that he hid his assets and abused his power as a prime
minister to accumulate his wealth.
The court is scheduled to rule on the frozen US$2.3 billion fortune of the
ousted premier on February 26. If found guilty, Mr Thaksin’s total frozen assets will be confiscated and belong to the state.
The former prime minister is now living in exile, mainly in Dubai, to
escape a two-year jail term for violating conflict of interest law the
court sentenced him in absentia in October 2008.
convicted former prime minister Thakin Shinawatra on Wednesday submitted a closing statement to the court, arguing that the Bt40 billion assets belong to them before their father took power in 2001 and that they are not serving as their father's proxy in holding the assets.
The assets were a portion of Mr Thaksin's total assets worth Bt76 billion frozen while awaiting the Supreme Court's Criminal Division for Holders of Political Positions' ruling on February 26 whether or not to seize them as recommended by the Office of the Attorney-General.
Mr Thaksin's children’s lawyer Kittiporn Adultat submitted a 64-page
closing argument to the court. He said the statement consists of a 15
point rebuttals to the prosecution claim that the Bt40 billion assets were
acquired by Mr Thaksin through his power abuse while he was in office
between 2001-2006.
The argument insisted that Mr Panthongtae and Ms Pinthongta acquired the
fortune before their father took power and they were not their father's
proxies as their benefits from the sale of their shares in Shin Corp, the
family business, were acquired through legal means.
The lawyer said he was confident that all evidence provides substantial
ground and that will help his clients win the assets back.
He also said both Mr Panthongtae and Ms Pinthongta will attend the court
ruling on Februry 26 themselves.
The closing statement submitted on behalf of Mr Thaksin's children came a
day after their mother, Pojaman na Pombejra, filed the closing statement
to the court, arguing her assets worth US$30 million were acquired before
Mr Thaksin took the premiership and that her stock transfers to her
children and her stepbrother proceeded in accordance with the law.
The prosecution team on Tuesday submitted a 121-page final document to the
Supreme Court’s Criminal Division for Holders of Political Positions,
recommending the assets were ill-gotten gains through Thaksin’s power
abuse while he was in office between 2001-2006, therefore the assets
should be confiscated to the state.
Mr Thaksin’s lawyer had submitted a closing statement on his behalf in
January, denying that he hid his assets and abused his power as a prime
minister to accumulate his wealth.
The court is scheduled to rule on the frozen US$2.3 billion fortune of the
ousted premier on February 26. If found guilty, Mr Thaksin’s total frozen assets will be confiscated and belong to the state.
The former prime minister is now living in exile, mainly in Dubai, to
escape a two-year jail term for violating conflict of interest law the
court sentenced him in absentia in October 2008.
Thousands of security personnel have been deployed across the capital and 38 provinces nationwide. Security will be beefed up since February 15 in an attempt to prevent any untoward incident in an anticipation of mounting opposition against government by Thaksin loyalists or the Red Shirts who accuse the government and bureaucracy of double standards. when it comes to prosecuting Mr Thaksin and his supporters. (TNA)
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