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Ousted PM Thaksin bemoans freezing of Swiss assets

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Thursday, September 6, 2007

Thaksin Shinawatra in 2002

Following on from the seizure of US$1.5 billion in former Thailand Prime Minister Thaksin Shinawatra's Thai bank accounts, the ousted PM is claiming assets in Swiss bank accounts have been frozen.

When queried, the Swiss embassy in Bangkok said that there had been no request for an asset freeze, and that such action would only take place in the event of a successful prosecution.

Thaskin was removed from power in September, 2006 by Thailand's military in a bloodless coup and was accused of corruption. Aside from having his Thai accounts frozen, Thaskin is the subject of arrest warrants in Thailand for "official misconduct"; charges that he denies. "Neither my family nor I has done anything illegal," Thaskin said in a newspaper interview. "It is defamation."

On the reputation of Swiss banking discretion, Thaskin was critical. "Good old bank secrecy is no more," he commented. "Absolute discretion is a thing of the past."

The ex-premier currently resides in the United Kingdom where he has purchased Manchester City football club for £81 million.

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  This page is archived, and is no longer publicly editable.
Articles presented on Wikinews reflect the specific time at which they were written and published, and do not attempt to encompass events or knowledge which occur or become known after their publication.

Got a correction? Add the template {{editprotected}} to the talk page along with your corrections, and it will be brought to the attention of the administrators.

Please note that due to our archival policy, we will not alter or update the content of articles that are archived, but will only accept requests to make grammatical and formatting corrections.

Note that some listed sources or external links may no longer be available online due to age.
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