Large sums of money were also found to have been transferred into and out of accounts held by Puea Thai Party MPs and red shirt protest leaders and supporters over the past nine months revels the Bangkok Post in its latest edition.A DSI source yesterday said investigators traced the financial transactions of 86 individuals and companies on suspicions they funded criminal activities during the red shirt protests.

152552

The inquiry covers the period from September 2009 to May this year.

Thaksin’s family members withdrew large sums from their accounts from April 28, when the anti-government United Front for Democracy against Dictatorship UDD rally intensified after soldiers fired on protesters on the outskirts of Bangkok.Some 4.23 billion baht was withdrawn from the bank accounts of Thaksin’s son Panthongtae and 6.63 billion baht from the accounts of his daughter Pinthongta starting from April 28.About 4.56 billion baht was also withdrawn from the accounts of Thaksin’s brother-in-law, Bannapot Damapong.About 140 million baht was withdrawn from the accounts of Thaksin’s younger sister, Yingluck, on April 28.Money has been flowing into and out of the accounts of Puea Thai politicians who represent the home provinces of red shirt protesters since last September. Most of the money was withdrawn, although some was kept in the accounts.The accounts of Sermsak Pongpanich, former MP for Khon Kaen, received about 14 million baht and 13 million baht was withdrawn.

via Rally billions uncovered.

About the author

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

You May Also Like

Thai Prime Minister Srettha Thavisin will visit China in October

The revival of Thailand’s economy heavily relies on the recovery of its tourism sector, and closer cooperation with China can play a significant role in achieving this goal

Thai opposition maintains lead in polls for May 14 election

The election is seen as a crucial test for Thailand’s democracy, which has been marred by decades of coups and protests. The outcome could determine whether the country can move forward from its political divisions and address its economic and social challenges.

Thailand’s election: why it matters and what to expect

The election could still be highly consequential for Thailand’s future, as it could determine whether the country will move towards more democracy or more authoritarianism.