Thailand's Office of the Attorney General (OAG) is confident that within one week it will be able to proceed with the record confiscation of 76 billion baht (about 19 billion U.S. dollars) in assets earlier frozen from the holdings of former prime minister Thaksin Shinawatra and his family on charges of having abused his power to make undue personal and family gains, according to the Thai News Agency.
Deputy Attorney General Waiyawuth Lortrakul, who earlier headed a subcommittee under the now-disbanded Assets Examination Committee (AEC), said the proposed confiscation of the assets of Thaksin and his family valued at 76 billion baht (about 19 billion U.S. dollars) will be forwarded next week by Attorney General Chaikasem Nitisiri to Supreme Court judges dealing with criminal lawsuits involving persons with political status.
The former premier had recently failed to appear in court and were believed to be seeking political asylum in Britain.
The collected assets of Thaksin and his family were frozen in 16 bank accounts, including accounts of the Bangkok Bank, the Bankof Ayudhya, the Siam Commercial Bank, the Thanachart Bank, the Bank for Agriculture and Agricultural Cooperatives, the Government Savings Bank, the Islamic Bank of Thailand and the Securities and Land Depository Center.
They might become assets of the state in due course if the Supreme Court rule in favor of the confiscation of the foreclosed holdings of the former premier and his family, the official news agency said.
Source:Xinhua
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