7/2/1907
Dear International Press
A Protest Note of In-Justice Being Done on
Grabbing the head-lines in
The DSI case is being used to bring Thaksin back to
On both cases, those responsible for the cases have issued statements relating to the charges. In The DSI case, a company gave up the right to exercise a capital increase plan to Thaksin’s daughter and another company sold back shares to Thaksin’s family held company in a short time, after having bought the company from Thaksin’s family. The DSI concluded from these two events, that the company are therefore nominees of Thaksin’s family all along.
If this was proven by the courts as true, that the company was indeed a Thaksin’s family nominee, Thaksin is guilty of not telling the stock market of significant shares transfers, second not telling the anti-corruption body in declaring all assets of politician, and third, of hiding the true level of ownership in a company, hurting small share-holders.
The validity of the argument by DSI, is telling of the type of circumstantial evidence bought against Thaksin, in such an important case, that could see Thaksin brought back to Thailand, when the junta leader, have expressed viled threats on Thaksin’s life.
The second case, used to confisticate Thaksin’s assets, is equally circumstantial, an weak in nature. By law Thai politicians can’t hold assets in companies that does business with the state, such as the telecom empire Thaksin built before entering politics. So he sold the company to his sons and daughters. To prove Thaksin never sold the company to his sons and daughters, the junta appointed corruption body said, Thaksin lent money to his childerns through promissory notes, where the interest on the promissory notes tied to the dividens his children received from the telecom empire he sold to them.
Again, the validity of this argument by the junta appointed body, is equally circumstantial and weak in nature.
In finance, there are many reasons why a company will choose not to participate in a capital increase plan and choose to give the right to someone. This hardly qualifies the company as a nominee. Then the question about the reason behind the length in holding a company before selling it, is even more in numbers. Then the sheer fact that interest expense is tied to dividend received, is hardly enough to say, the one receiving the dividens is the owner of the company.
These two cases illustrated the length in “connecting the dots and level of interpretation” Thai suthorities are using against Thaksin.
Please also note the penalty of such offense if proven by the Thai courts as true. These crimes are not corruption crimes but crime of "breaking small technicalities". And please note the level of prosecution, such as seeking to arrest Thaksin as international criminat back to Thailand when the juta leader have issued viled threat against Thaksin's life. And second, used the charges to confisicate a business empire built before Thaksin entering Thai politics.
This note is meant to educate readers of what is occurring in
Tavivoot Chulavachana
//www.Thai-Journalist-Democratic-Front
We are fighting for democracy and justice in
This letter is supported by 274 signatures of ordinary Thais.
Believe me brother, it is hard living under the Thai dictatorship, and its been only a week since the army took control. Like turning on the radio, and all of them are broadcasting the same interview from the army PR saying things like “One of the reasons for throwing out the civilian government is because of rampant corruption, but to be fair we have to bring the cases to court and see if they are truly guilty. The army can not make that determination. It’s up to the judges.” That is a joke in its own but the sad reality is that the army just appointed all the judges to the corruption panel.