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Published on April 9, 2008

The AEC last week rejected Thaksin's lawyer's request to question 100 more witnesses on the grounds that none of them was involved in the case and none could reasonably refute the AEC's allegations. The AEC will by tomorrow seek evidence from the Securities and Exchange Commission that shows the Shinawatra family held Win Mark shares.

It will ask Thaksin's lawyer to provide evidence from USB AG Singapore, which is the custodian of Shin Corp shares, which might be used as evidence to counter the AEC's case.

The AEC found that from 1999 to 2005 there were five transactions involving Shin Corp shares and Ample Rich, and the evidence of the transactions is currently with UBS.

The most important evidence is a UBS report dated August 24, 2001, showing that Shin Corp shares were transferred from one account to another belonging to the same person. The shares totalled more than 5 per cent of Shin Corp's capital.

UBS then reported the transfer to the SEC, as required by law.

The AEC suspects it was Thaksin who owned the shares.

"We need this evidence. If Thaksin can get UBS to confirm that the AEC misunderstood the report, then we will cease the investigation against him,'' Kaewsan said.

He said the investigation had been delayed because Thaksin ordered his security guards to reject all mail from the AEC.

"Since they have behaved like this, we decided to reject their request to question more witnesses,'' he added.

BANCHA KHAENGKHAN

THE NATION