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Thaksin stripped of over one billion euros for abuse of power

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Thaksin stripped of over one billion euros for abuse of power


Thailand’s top court has seized just over one billion euros in assets belonging to the family of Thaksin Shinawatra, in a ruling many say was aimed at placating the former Premier’s supporters.

The Supreme Court said Thaksin concealed his assets while in office and abused his power for personal gain. But it siezed only part of the 1.7 billion euros of his assets that had been frozen.

Security was tight on what has become known as “Judgment Day”, the end to a case started after Thaksin was deposed in a coup four years ago.

While 600 police guarded the court, thousands of riot troops were on standby in case of

Thaksin has denied the charges from self-imposed exile in Dubai. After the verdict, he said he was not surprised.

The authorities fear Thaksin’s supporters.
Demonstrations by the so-called “red shirt” movement last year sparked the country’s worst street violence in 17 years.

The verdict was greeted by some with tears and others with anger. But few believe it will resolve the political crisis in the country.

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