Rotary Club of Phuket South Mini Marathon 2017 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. 

Lucky 13 Bar and Grill

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:
    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 M-Slaz rider dies after high-speed collision with pickup truck

I respect your opinion, Foot. To answer you: High speed is a speed that you not able to control yourself when something happens in front of you. A...(Read More)

Red Bull heir threatened with arrest after latest no-show

That this wealthy criminal can do what he wants is not surprising. He can do that because thai government justice system let him do what he wants. I...(Read More)

Cabbie caught, charged with raping Brazilian tourist

After he did this for the 3rd time now he should get a long jail term and after that he should be kept in precautionary custody....(Read More)

Parks department mulls closing Maya Bay

Although i agree that something has to be done about" Maya Bay",i find it strange that Kurt comes here with an endless finger pointing comme...(Read More)

Phuket M-Slaz rider dies after high-speed collision with pickup truck

I'm with simon01 on this one. We do know the truck pulled out in front of him. Kurt, maybe "high speed" was a contributing factor, b...(Read More)

Phuket M-Slaz rider dies after high-speed collision with pickup truck

Yet another one. Why dont people look when pulling out, setting off, doing U turns, changing lane. Ok they say the bike was going fast BUT in Phuket t...(Read More)

Srivara insists Mae Hong Son governor tied to sex trade scandal

Is mr Suebsak still holding official Governor position this time? Is it not appropriate to transfer him out of the province to a ( perhaps temporaril...(Read More)

Cabbie caught, charged with raping Brazilian tourist

Yep once again Jor 12 completely missing the point, if the guy has been convicted twice already how on earth has he been allowed anywhere near a publi...(Read More)

Phuket M-Slaz rider dies after high-speed collision with pickup truck

The person who drives 'high speed' is always at fault when a accident occurs due to 'out of control'. Traffic law is very clear. Mo...(Read More)

Phuket Army chief confirms BYO umbrellas, sun loungers welcome at Surin Beach

While banning vendors on the beach will remove certain money making opportunities for locals, it will also create new opportunities... like rental ser...(Read More)

The Phuket News
Bangkok Hospital Phuket
Weird World
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
The Phuket News PHUKET SPORT
Phuket Buy and Sell
Phuket Jobs
Phuket Property
Phuket Cars and Boats
Phuket Community
Phuket Services
The Phuket News The Phuket News PHUKET EVENTS
Phuket Event listings
Phuket Event calendar
Buy Tickets
Phuket Bars, pubs and clubs
Phuket Hotels and villas
Phuket Restaurants
Phuket Yellow Pages
The Phuket News BARGAINS
The Phuket News ABOUT US
The Company
Distribution points
Advertise with us
Pay for advert
Contact us
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.