Thailand to Seize $1.4 Billion From Ex-Premier Thaksin for Abuse of PowerSubmitted by Ralph Waldo on Fri, 02/26/2010 - 22:51
This is the kind of thing that needs to get started in the US.
A Thai court seized about 60 percent of ex-leader Thaksin Shinawatra’s fortune frozen by the military after a 2006 coup, a decision that may bring a respite from political fights that have deterred investors for four years.
Nine Supreme Court judges ruled to seize 46.4 billion baht ($1.4 billion) that Thaksin’s children and relatives earned from the 2006 sale of holding company Shin Corp. to Singapore’s Temasek Holdings Pte. The court will return 30.2 billion baht to Thaksin’s family, the judges said in a statement late yesterday.