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Yingluck cleared of perjury

THAILAND: Thailand’s financial market regulator said it has cleared the sister of fugitive former leader Thaksin Shinawatra of allegations she broke the securities law, boosting her bid to be premier.

Friday 17 June 2011, 01:48AM


Candidate for the opposition Puea Thai Party Yingluck Shinawatra, centre, posed with supporters in southern Yala Province on Tuesday.

Candidate for the opposition Puea Thai Party Yingluck Shinawatra, centre, posed with supporters in southern Yala Province on Tuesday.

Polls show Yingluck Shinawatra’s Puea Thai party pulling ahead of Prime Minister Abhisit Vejjajiva’s Democrats ahead of the July 3 election, but she has faced questions linked to her brother’s finances.

In a statement issued late Monday, the Securities and Exchange Commission (SEC) said Ms Yingluck had not breached the financial market laws with her involvement in a legal case against her brother.

She has been accused by her opponents of committing perjury in a case which saw the Supreme Court confiscate half of Mr Thaksin’s assets last year.

Ms Yingluck, a political newcomer who has helped to reinvigorate the opposition, had said she was confident her record was clean.

“I think Thailand must be transparent. I’m willing for people to investigate me,” she said.

New Paths Retreat

Thai courts in February 2010 confiscated B30.4 billion of Mr Thaksin’s assets for abuse of power, out of a total of B60.3 billion frozen after the former tycoon was toppled in a 2006 coup.

Finance Minister Korn Chatikavanij criticised the SEC’s decision on Ms Yingluck, saying it had “only tried to please somebody in line with recent polls”, in an apparent reference to Puea Thai’s lead in voter surveys.

Mr Thaksin faces a series of arrest warrants for charges including terrorism – an accusation linked to violent street protests last year by his supporters within the anti-government “Red Shirt” movement.

Mr Thaksin lives in self-imposed exile to avoid a prison term imposed in absentia for corruption, but is widely seen as the de facto leader of Puea Thai and Ms Yingluck his proxy. - AFP

 

 

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