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Thai government prepares for red storm – Feature

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Breaking News. Image: GoodManPL (Pixabay).


Bangkok – This Valentine’s Day more than love was in the air in Bangkok, Thailand’s capital. While Bangkok denizens enjoyed the dual festivals of Chinese New Year and Valentine’s Day over the weekend, the government was busy preparing for an escalation of political tensions and possible violence in the period leading up to February 26.

On that day the Supreme Court for Political Office Holders will decide whether to confiscate 2 billion dollars in frozen bank accounts belonging the family of ousted premier Thaksin Shinawatra.

Although no one can foretell the court’s decision, speculation is rife that Thaksin will lose his billions.

The same court in 2008 found Thaksin guilty of abuse of power for allowing his wife to bid on and win a plot of prime Bangkok property at a public auction in 2003, when he was prime minister, and sentenced him to two years in jail.

On February 26 the court will decide whether Thaksin concealed his ongoing ownership in his vast multi-billion dollar business empire during his two-term premiership between 2001 to 2006 and whether he used his power to enrich that empire.

The Earth Times


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