Classifieds 50% off, use promo code FBkpkPromo The Phuket News Kata Rocks The Phuket News Outrigger Koh Samui Beach Resort
The Phuket News Thailand News
The Phuket News Phuket | Thailand | World | Business | Q&A | Weird World XML, RSS, Feed
The Phuket News The Phuket News
The Phuket News

Asset seizures in rice deals begin

BANGKOK: The Legal Execution Department can now seize assets worth B20 billion from former commerce minister Boonsong Teriyapirom and five others in the allegedly bogus rice sale scheme during the Yingluck Shinawatra government, says permanent secretary for commerce.

corruption, crime, politics,


Bangkok Post

Wednesday 22 February 2017, 09:14AM


A worker picks a sack of rice at a warehouse in Bangkok. Officials will begin seizing the assets of five ex-commerce ministers and officials after the Administrative Court dismissed their injunction requests. Photo: Bangkok Post
A worker picks a sack of rice at a warehouse in Bangkok. Officials will begin seizing the assets of five ex-commerce ministers and officials after the Administrative Court dismissed their injunction requests. Photo: Bangkok Post

Wiboonlasana Ruamraksa said yesterday (Feb 21) that the Foreign Trade Department had submitted last week a document authorising the Legal Execution Department to seize the assets of Mr Boonsong, his deputy Poom Sarapol and four Commerce Ministry officials. The document was sent along asset-tracing information found in the first round. 

The six ex-commerce officials are on trial for alleged corruption in government-to-government rice sales with China. The sixth person is still at large.

Mr Boonsong is required to pay B1.77bn in compensation and then deputy commerce minister Poom Sarapol B2.3bn for the damage caused by the failed G2G rice sales. The four Commerce Ministry officials were asked to pay B4bn each.

A commerce ministry source said the first round of asset tracing mainly involved the ex-officials’ salary bank accounts. Authorities will examine further to find if the group had other hidden assets such as land or more bank accounts. 

17th Architect and Engineering Exhibition 2017

Miss Wiboonlasana said the Foreign Trade Department had asked concerned agencies in the provinces to help in the second round of asset tracing. A working panel comprising those experienced in locating and recovering assets would be formed to help.

On Feb 10, the Central Administrative Court dismissed petitions by Mr Boonsong and four others involved in the scandalous rice sale deal for an injunction against an administrative order demanding they pay compensation for the scheme’s losses.

It reasoned their assets had not been seized yet so the damages had not been done.

Read original story here.

 

 

The Phuket News
The Phuket News
Comment on this story
* Please login to comment. If you do not have an account please register below by simply entering a username, password and email address. You can still leave your comment below at the same time.
Comments Here:
Username:
Password:
E-mail:
Security:
    Forget your password?

ematt | 23 February 2017 - 11:53:47

As usual, Kurt comments without bothering with the facts. The man has been convicted of a crime for lying about the rice deals. The government may have approved G to G rice deals, but in point of fact there was no G to G rice deal - he sold it to his friends. The court has determined that this was fraud, and that he was  personally  responsible for the fraud and the losses incurred.

 And yes, the court reached it's decision without considering your opinion. Unless I am mistaken, you are not a jurist. And it's probably fair to say that court investigated the matter in greater detail than your good self.

At any rate, Ben is correct: He is now a convicted criminal.

Ben is also correct that it remains to be seen how much, if any, of the money will be confiscated. For better or worse, the military government considers members of the deposed government as essentially an enemy. So they may succeed. Recall that, after the first coup, they took something like 3 billion USD from the former Prime Minister now living in Dubai. At the time, it was considered to be half of his assets. They had no problem because the money was in Thailand.

The Phuket News

BenPendejo | 22 February 2017 - 16:40:07

Well, it was nice of them to give these criminals ample warning about seizures, as well as plenty of time to shuffle their assets around (of course, setting aside a few million for private payments).  It will be curious to see just how much of these assets will be considered "irretrievable" as these national thieves skip away to live happily ever after. 

The Phuket News

Kurt | 22 February 2017 - 14:29:25

Hahaha, first see, than believe.
Of course they are not expected to pay back. 
It is all a show to the thai public. They know.

Were Ministers/officials rice decisions that time discussed in thai parliament, as it suppose to be in a democracy?

Did the thai parliament agree with the steps of ministers/officials that time?
If the answer is: YES, than no wrongdoings to discuss.


The Phuket News
Matches 3 result(s)
The Phuket News
The Phuket News
The Phuket News
The Phuket News The Phuket News The Phuket News
The Phuket News
Share this
The Phuket News
Have a news tip-off? Click here
The Phuket News
Related stories
The Phuket News
Phuket community

Recent Comments


Phuket officials to patrol Rawai pier to check for begging sea gypsy kids

What great enterprising kids! Excellent. Shows great initiative. They know where the money is and actively go out and get it. In 10 years time I'd...(Read More)


Tons of rubbish cleared in Phuket airport beach clean-up

Kurt, I quote the piece for your edification..."Near my property there are 2 very large signs in Thai." If the signs are in Thai, the logica...(Read More)


School director accused in ‘tea money’ scandal

Rorii the article is about not taking bribes. There is a probe to investigate that, in which case there can be no legal loop hole as you wrongly sugge...(Read More)


Tons of rubbish cleared in Phuket airport beach clean-up

Pauly44: That Jor12 is just challenging you to react on his illogical reaction. That is his trick. Write something what has actually nothing to do...(Read More)


Phuket officials to patrol Rawai pier to check for begging sea gypsy kids

Simon01: To be honest I never been approached by beggers in the streets of Patong. In Patong I only have been approached by doormen of sex clubs, rem...(Read More)


Phuket officials to patrol Rawai pier to check for begging sea gypsy kids

Why pick on the Sea Gypsies. There are hundreds of beggers on the streets of patong everyday and have been for years. Why not pick on them too as they...(Read More)


‘I was framed,’ school chief swears

Probably the school director is right. He was framed in a "well-organised plot". He was trapped. Oh oh. The fact is the bribe of 400,000 w...(Read More)


Phuket officials to patrol Rawai pier to check for begging sea gypsy kids

The real problems are very well expressed in this article. Now 'just' a good and working way to handle it, for the best future interest of th...(Read More)


Tons of rubbish cleared in Phuket airport beach clean-up

Jor 12; Yeah sure Thai's wouldn't do that, must be that pesky farang dumping building waste from his truck, are you for real?...(Read More)


Court upholds prison terms for Dutchman, Thai wife

Saltydog,what has a bridge to do with this article?...(Read More)

The Phuket News
Bangkok Hospital Phuket
PHUKET NEWS
Phuket
Thailand
World
Business
Q A
Weird World
ARCHIVE
POLL
CURRENCY
WEATHER
PHUKET TIDE TABLE
The Phuket News PHUKET LIFE
Phuket Arts
Phuket Community
Phuket Culture
Phuket Dining
Phuket Education
Phuket Entertainment
Phuket Environment
Phuket Health
Phuket People
Phuket Technology
Phuket Travel
Photo Galleries
COLOURING BOOK
The Phuket News PHUKET SPORT
Phuket
Thailand
World
SURF REPORT
PREDICTIONS
The Phuket News PHUKET CLASSIFIEDS
Phuket Buy and Sell
Phuket Jobs
Phuket Property
Phuket Cars and Boats
Phuket Community
Phuket Services
SEARCH CLASSIFIEDS
POST CLASSIFIED
The Phuket News The Phuket News PHUKET EVENTS
Phuket Event listings
Phuket Event calendar
Buy Tickets
POST EVENT
The Phuket News PHUKET DIRECTORY
Phuket Bars, pubs and clubs
Phuket Hotels and villas
Phuket Restaurants
Phuket Yellow Pages
POST LISTING
The Phuket News BARGAINS
The Phuket News ABOUT US
The Company
Distribution points
Subscribe
Advertise with us
Pay for advert
Contact us
CONTESTS
Content Google Map
Site map
Australian Visa Services
 
Currency - The Phuket News   Weather Report - The Phuket News   Surf Report - The Phuket News
LinkedIn - The Phuket News   Twitter - The Phuket News   YouTube - The Phuket News   Facebook - The Phuket News
Copyright © 2017 Class Act Media. All rights reserved. | Website usage terms and conditions | Privacy and Confidentiality Statement.