Another Bt1.9 billion frozen
The Assets Examination Committee yesterday froze another Bt1.9 billion it says belongs to ousted premier Thaksin Shinawatra.
Published on July 17, 2007
It is the eighth time the committee has moved to suspend use of cash in accounts linked to the former PM.
The committee said the money was part of proceeds from the sale of Shin Corp shares by the Shinawatra family. Its spokesman, Sak Korsaengruang, said the amount now frozen under its order totals Bt65 billion.
The committee has ordered banks and financial institutions with Shinawatra-family accounts to cease activity in them.
"Even though we ordered banks to freeze the money there has been movement of cash in accounts. So we now require banks to submit evidence of withdrawals and deposits in each account held by the family that occurred after the freeze order," he said.
Of the Bt1.9 billion frozen yesterday, Bt1.3 billion was in three bank accounts in the name of Thaksin's son Pan-thongtae and later transferred to his mother Pojaman.
They include Bt317.5 million in two Bangkok Bank accounts and a Bt1-billion open fund at Siam Commercial Bank.
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