Thailand anti-graft body wants ex-Prime Minister Thaksin prosecuted for loan to Myanmar

: A Tai anti-graft organic structure set up to look into ex-Prime Minister Thaksin Shinawatra announced Monday it will seek to prosecute the ousted leader in connexion with a authorities loan to Union Of Burma for communication theory artificial satellite services.

The Assets Examination Committee, established after Thaksin was deposed by a September 2006 military coup, said it determined the 2004 loan by the state-controlled Export-Import Bank of Kingdom Of Thailand was meant to profit the Shin Satellite company, which was owned by Thaksin's family.

Thaksin was premier curate at the clip the loan — on footing more advantageous to the borrower than available commercially — was approved.

The lawsuit is the 4th against Thaksin forwarded to state prosecutors, though none have yet come up to trial. Thaksin have said he is guiltless of any wrongdoing.

The committee's complaints against Thaksin in the Union Of Burma loan lawsuit screen both struggle of involvement and maltreatment of his functionary powers, said commission spokesman Sak Korsaengruang. Today on IHT.com

He said the commission will forward the lawsuit to the lawyer full general for review, and do formal complaints in tribunal within 14 days.

Sak said if Thaksin is establish guilty, he could confront up to 10 old age in jail.

The commission said Thaksin used his powerfulness as premier curate to instruct the state Export-Import Depository Financial Institution to widen the $127 million loan.

The 12-year loan supplies a recognition line for authorities building and telecommunications undertakings that usage Tai suppliers. It lets a five-year deferral of refund of principal, with a 3 percentage yearly involvement rate.

The loan was suspended after the coup, but the Tai authorities of Prime Curate Samak Sundaravej, a Thaksin ally, decided this calendar month to let go of the residual of the funds.

The commission establish Thaksin promised Myanmar's military leadership the loan during "unofficial" negotiations, and increased the sum and decreased the involvement charge per unit without Cabinet approval.

The commission said it believed the loan was to the bank's disadvantage.

The loan came through about a hebdomad after Shin Satellite, a subordinate of Shin Corp. — then owned by Thaksin's household — South Korean won the right to set up a broadband undertaking in Myanmar.

Thaksin's chief lawyer, Pichit Chuenban, said he could not notice on the complaints since his client had not yet assigned him the case.