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State will take 16 years to pay off rice-pledging debt
Government debt worth 510 billion baht, borrowed from the Bank for Agriculture and Agricultural Cooperatives (BAAC) to fund the last administration's loss-making rice-pledging scheme, will take an estimated 16 years to be paid off.
Luck Wajananawat, president of the state-backed bank, said if the loan repayment amount remains unchanged, the government will take around 16 years to pay off the debt.
The BAAC directly extended 110 billion baht and issued bonds worth 400 billion baht guaranteed by the Finance Ministry to finance the Yingluck Shinawatra administration's rice-pledging scheme.
The current government has set the repayment amount in budget expenditure every fiscal year and will pay 39 billion baht in principal and 20 billion in interest for fiscal 2017, starting Oct 1.
The pork-barrel spending was initiated by the Yingluck Shinawatra government to fulfil the Pheu Thai Party's promises during the 2011 general election campaigns. Under the scheme, the government bought every single grain at a pledged price of between 15,000 and 20,000 baht per tonne of paddy -- 40-50% above the market price.
The scheme was slammed for distorting market price and led to hefty debts for rice farmers as they borrowed and spent lavishly, thinking that they could always sell their paddy at high prices. In addition, the programme was blamed for a deterioration in rice quality as farmers switched to lower-cost but high-yielding premium fragrant rice breeds.
After the scheme ran for two harvest years, it left tens of millions of tonnes of paddy in silos and warehouses, incurring substantial costs for taxpayers.
Ms Yingluck was allegedly negligent in failing to stop corruption in the rice-pledging scheme. Apart from the former premier, the committee through the Commerce Ministry has demanded 18.7 billion baht in compensation for four fake government-to-government rice deals involving 6.2 million tonnes of rice, pointing the finger at six people in the Yingluck government.
Former commerce minister Boonsong Teriyapirom and five ex-ministerial officials have been ordered to pay 20 billion baht in compensation. The five are Mr Boonsong's former deputy Poom Sarapol and former secretary Weerawut Wajanaphukka; former Department of Foreign Trade (DFT) director-general Manas Soiploy and his then-deputy Tikhumporn Natvaratat; and the DFT's former director of foreign rice trade, Akharaphong Chuaikliang.
Ms Yingluck faces a hefty fine of 287 billion baht for losses from the rice-pledging scheme in the latest evaluation by a government panel but a committee on civil liability will reveal the official figure soon.
http://www.bangkokpost.com/news/poli...-pledging-debtKeep your friends close and your enemies closer
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Yingluck again opposes Supha to head inquiry of mismanagement of major flooding in 2014
http://englishnews.thaipbs.or.th/yin...flooding-2014/
Keep your friends close and your enemies closer
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FORMER PRIME minister Yingluck Shinawatra has requested the National Anti-Corruption Commission (NACC) to appoint a new chairperson to the subcommittees tasked with investigating her alleged wrongdoings in six criminal cases.
In a petition submitted to the anti-graft body on behalf of Yingluck, her lawyer Norawich La-laeng said that Supa Piyajitti, an NACC commissioner who heads six subcommittees, is not fit for the task due to her antagonistic views about the former prime minister.
Among the pending cases are those concerning alleged mismanagement during the massive 2011 floods and alleged wrongdoings in payment of compensation to those affected by political unrest.
Norawich said Supa was head of the subcommittee in charge of accounting for the previous government's rice-pledging scheme and she had leaked confidential data to the opposition and later testified in the Supreme Court against Yingluck in the rice-pledging case.
As a result, she is an antagonist and biased against the defendant. So it is not fair for the anti-graft body to appoint such a person to take charge of investigation in other cases involving Yingluck, the petition said.
According to the lawyer, the NACC should have appointed other commissioners to lead the investigation. At present, the NACC has nine commissioners.
Meanwhile, Yingluck said Prime Minister Prayut Chan-o-cha should focus on improving the people's economic well-being rather than on the criminal and civil-liability cases against her.
The former premier said there are already 15 cases pending against her. Yingluck said she has not been treated fairly as the cases against her are being fast-tracked compared to those against other politicians.
Earlier, her former commerce minister Boonsong Teriyapirom and five others were also hit with civil-liability lawsuits to pay a combined Bt20-billion compensation to the government for financial damage caused by alleged fake government-to-government contracts to sell 6.2 million tonnes of rice to China.
http://www.nationmultimedia.com/poli...-30295983.html
Keep your friends close and your enemies closer
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Yingluck seeks to exclude Supa from her cases
Former prime minister Yingluck Shinawatra has filed another petition with the National Anti-Corruption Commission to oppose the appointment of her nemesis Supa Piyajitti as chair of a subcommittee investigating allegations against her.
The petition was filed with NACC chairman Watcharapol Prasanratchakij on her behalf by lawyer Norawit Lalaeng via Poonsak Khoonsombat, acting director of the NACC's information and special affairs office.
Mr Norawit said there are 15 cases filed with the NACC against Ms Yingluck.
Of these, Ms Supa had been appointed to chair fact-finding sub-committees in six cases. They include the cases in which Ms Yingluck is accused of interfering in appointments of government officials, mishandling water management and misappropriating funds to compensate people affected by political violence.
In one of the cases, Vicha Mahakhun, a former NACC member, was appointed to sit on the fact-finding subcommittee.
Mr Norawit said while Ms Yingluck was prime minister, Ms Supa, who was then a deputy permanent secretary for finance, was appointed to chair a sub-committee to close the accounts of the rice-pledging scheme. At the time, information on the accounts was leaked to opposition politicians.
Moreover, Ms Supa and Mr Vicha testified for the prosecution in the Supreme Court's Criminal Division for Holders of Political Positions in the rice-pledging case. Therefore, the two were regarded as a party in conflict with Ms Yingluck, he said.
Based on these facts, if Ms Supa were allowed to chair six sub-committees and Mr Vicha to sit on one, Ms Yingluck would certainly not be given justice.
Mr Norawit said that since the NACC has nine members, it was questionable why Ms Supa was appointed to chair the sub-committees of as many as six cases.
Ms Yingluck had previously filed seven petitions against Ms Supa's appointment, to no avail. The petition submitted today was the eighth, he said.
He said the petition to oppose the NACC order of Aug 29, 2016 regarding the appointment of Ms Supa had been filed to ensure justice for Ms Yingluck.
http://www.bangkokpost.com/news/poli...from-her-casesKeep your friends close and your enemies closer
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B36bn demanded from Yingluck for rice losses
A government committee has concluded that Yingluck Shinawatra must pay 35.7 billion baht in compensation for losses from her rice-pledging programme from 2012-14.
The bills could mount further as the military regime pursues several other cases against the former premier, including compensation for losses from the "poorly planned" responses to the severe flooding in 2011.
Comptroller-General Manas Jamveha, the head of the liability panel, said Ms Yingluck was held responsible for 20% of the 178 billion baht in losses resulting from rice pledging in the 2012-13 and 2013-14 crop seasons.
Ms Yingluck did nothing wrong in campaigning for votes on a promise to help farmers by buying all their rice, he said. But she was responsible for refusing to stop the programme, as state agencies called on her to do, as its losses started to mount.
Mr Manas was referring to warnings from the Office of the Auditor General, the National Anti-Corruption Commission and the Finance Ministry.
The Yingluck government paid farmers inflated prices, 40-50% above prevailing market rates, for rice and built up huge stockpiles from 2011-14. World market prices were falling at the time and it became impossible to sell the rice, some of which rotted in storage.
The situation was made worse by mismanagement and corruption including allegedly fake government-to-government sales, for which former commerce minister Boonsong Teriyapirom is being prosecuted.
The government's borrowing of 400 billion baht to carry out the rice programme showed clearly the damage it was causing, and Ms Yingluck should have had the discipline to stop it, Mr Manas said.
Ms Yingluck had the right to contest the compensation demand in the Administrative Court, he added.
The former premier's Pheu Thai Party maintains that since she is still being tried in the Supreme Court in connection with the rice scheme, it is inappropriate to use administrative orders to demand compensation unless culpability is legally established first.
Defence testimony in the Supreme Court case is not scheduled to end until February next year.
Mr Boonsong also faces a compensation order for 20 billion baht and he has indicated that he will go to court to fight it.
Meanwhile, government spokesman Sansern Kaewkamnerd said Ms Yingluck would be prosecuted for failing to deal effectively with the 2011 floods, the worst to hit the country in six decades.
In addition to poor management of the flooding, her government's response was marked by questionable spending, he said.
Ms Yingluck, whose government was overthrown in the military coup of May 2014, is facing prosecution in as many as 15 cases of alleged wrongdoing. They include her government's issuance of a passport to her brother, the fugitive former prime minister Thakshin Shinawatra; undue influence on a military reshuffle; the transfer of a former secretary-general of the National Security Council; 7.5 million baht in individual compensation for people affected by political unrest in 2009-10, and illegal assistance for people prosecuted for political crimes.
She also stands accused of giving the Finance Ministry permission to borrow 350 billion baht for a water management scheme that had no details, and for proposing to finance a 2-trillion-baht infrastructure programme by unconstitutional means.
http://www.bangkokpost.com/news/poli...36bn-rice-billKeep your friends close and your enemies closer
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and the compo case for the airport closure is when ?
skip skip skippy
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Pheu Thai asks PM to rethink S44
The Pheu Thai Party has requested the regime reconsider its order under Section 44 to seize the assets of those accused of being responsible for losses in the rice-pledging scheme.
The party issued a statement on Friday requesting Prime Minister Prayut Chan-o-cha, as chief of the National Council for Peace and Order (NCPO), to review his order dated Sept 13, 2016, which authorises the seizure, confiscation and auction of properties of those accused of being responsible for the scheme's losses.
They also took issue with an order granting protection to officials involved in filing civil liability lawsuits against the accused.
The party said the government and NCPO chief have clear intentions to implicate former prime minister Yingluck Shinawatra in the huge losses the rice scheme incurred without following legal procedures.
The statement says the rice scheme case has been filed with the Supreme Court's Criminal Division for Political Office Holders and is awaiting a ruling. It is inappropriate that the government makes conclusions on the culpability of the defendants before the court has announced its ruling, it added.
The rice-pledging scheme was set up by the government to help farmers. In 2013, the government admitted the programme had lost 136 billion baht during the 2011-2012 growing season.
Filing for losses resulting from the rice-pledging scheme is a matter that relates to government policy and cannot be compared with acts of malfeasance such as causing destruction to government property or embezzlement, the defendants say.
http://www.bangkokpost.com/news/poli...to-rethink-s44
Originally posted by Mid View Postand the compo case for the airport closure is when?
Office of NACC
361 Nonthaburi Rd.(Sanambinnam Rd.), Thasaai District, Amphur Muang, Nonthaburi 11000 , Thailand
Tel (66) 2 528 4800-4849
Keep your friends close and your enemies closer
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Pheu Thai party demands review of assets seizure order
http://englishnews.thaipbs.or.th/phe...seizure-order/Keep your friends close and your enemies closer
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Pheu Thai Says 35.7B Fine Denies Yingluck Due Process
Pravit Rojanaphruk
Additional reporting Asaree Thaitrakulpanich
September 26, 2016
Former PM Yingluck Shinawatra speaks to reporters on Sept. 9 outside the Supreme Court.
Photo: Matichon
BANGKOKprojects awarded to his son
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Ousted Thai Leader Fires Back at Junta After $1 Billion Fine
http://www.bloomberg.com/news/articl...committee-says
15: http://www.bangkokpost.com/news/poli...y-fine-is-fairKeep your friends close and your enemies closer
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