Timeline for Thaksin Verdict
Thai Supreme Court Judges started reading the verdict by delineation of the prosecution case.
The high court began by outlining the prosecution case detailing Thaksin’s equity arrangement in Shin Corp. The prosecution asserts that the equity structure was designed to cover up true ownership.
The next item is the change of telecom concession fees into excise charges to help the family-controlled Shin Corp.
The prosecution alleges that Thaksin’s interference in regulating the telecom business was to benefit his family-controlled telecom group, increasing its market valuation.
The prosecution claims that Thaksin’s inference in satellite communications has inflicted Bt4 billion damage to the country and left a long-lasting impact on the country’s communications safety.
The prosecution also contends that Thaksin’s participation in granting Exim Bank loans to Burma in order to benefit the telecom and satellite businesses of his family business domain. Under Thaksin’s order, the loans were boosted from Bt3 billion to Bt4 billion.
The Asset Examination Committee has frozen Bt66 billion of Bt76 billion sought as compensation to damage caused by conflict-of-interest decisions.
Then the Judges began to outline the defense case.
The defense contends Thaksin filed his asset statements in accordance with the anti-graft law.
The defense contends Thaksin openly transferred his equity to his children before assuming office.
The defense claims the AEC was biased in trying to discredit Thaksin. The AEC conducted its investigation based on political expediency and not prescribed methods.
The defense asserts that the wealth of Thaksin and family was earned before he was elected to office.
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