Thai ex-PM sought for malfeasance trial no-show

Print
Email
|

Associated Press

Posted on October 11, 2012 at 5:31 AM

Updated Thursday, Oct 11 at 5:34 AM

BANGKOK (AP) — Thailand's Supreme Court has issued an arrest warrant for self-exiled former Prime Minister Thaksin Shinawatra for failing to appear at a trial alleging misconduct in a loan scandal.

The court says Thaksin was aware of Thursday's hearing, at which his 26 co-defendants all appeared. His case was postponed indefinitely.

The defendants are charged with malfeasance for allowing government-owned Krung Thai Bank to lend about 11.58 billion baht ($377 million) to property developer Krisdamahanakorn Plc. The company was barred from such loans because of failure to repay previous debts.

Thaksin was ousted by a 2006 military coup after being accused of corruption. He fled abroad to avoid a two-year jail term on a 2008 conflict of interest conviction. He remains in self-exile.

Print
Email
|