BANGKOK, Sept 24 — Thailand’s Civil Court on Friday ruled that the purchase agreement for plots of Ratchadapisek land between the Financial Institutions Development Fund (FIDF) and Khunying Potjaman na Pombejra, ex-wife of former prime minister Thaksin Shinawatra, was invalidated so that Khunying Pojaman must return the four plots of land to the FIDF and get refund plus interest.
According to the ruling, the four title deeds covering a total of 33 rai in the prime Ratchadapisek area, Huai Khwang district, purchased by Khunying Pojaman must be returned to the FIDF which will in turn reimburse her the Bt772 million purchase price and pay 7.5 per cent interest retroactively from Nov 25, 2009 when Khunying Potjaman filed suit against the FIDF to return the money.
The court said the deal was invalidated because it had violated Article 100 of the National Anti-Corruption Commission (NACC) Act.
MCOT
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