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Thaksin Faces Arrest Order
« on: October 11, 2012, 09:29:47 PM »
source: PNA

A Thai court ordered the arrest of former Prime Minister Thaksin Shinawatra in a case involving about 380 U.S. Million dollars loan, Bangkok Post online reported.

The Supreme Court's Criminal Division of Political Position holders issued the arrest warrant of the self-exiled former PM in a case involving 11.58 billion baht (about 377 U.S. dollars) in loans from state-owned Krung Thai Bank.

In this case, the Office of the Attorney-General filed malfeasance charges against Thaksin and 26 others, including former KTB president Viroj Nualkair.

The OAG prosecuted these people in connection with KTB loans provided to the affiliates of Krisdamahanakorn Plc, a major property and real estate firm.

According to the charges, KTB approved large loans to Krisdamahanakorn's affiliates despite Krisdamahanakorn being classified as a non-performing debtor of the bank.

Under the debt rehabilitation agreement, Krisdamahanakorn was not eligible for any more loans.

All of the defendants, except Thaksin, appeared before the court to hear the charges.

The court, therefore, issued a warrant for the arrest of Thaksin, the first defendant, and shelved the suit against him.

The lawsuit can be renewed when Thaksin is brought to the court, said a court judge.

The court set Jan. 25 next year for the examination of evidence. All defendants were told to submit their evidence 14 days before the appointment date.

After Thaksin was toppled by the coup in 2006, he faced several charges related to corruption.

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