13th freeze of Thaksin's assets set

The Assets Scrutiny Committee (ASC) is believed to be making preparations to freeze more assets belonging to ousted premier Thaksin Shinawatra’s family members.

The ASC could be ordering the freeze of 900 million baht worth of assets and/or cash. If confirmed, this will be the 13th time that the committee had frozen assets linked with the Shinawatra clan.

The ASC is said to have discovered the latest stash of money that was acquired through the controversial sale of shares of Mr Thaksin’s communications powerhouse, Shin Corp. to Temasek Holdings of Singapore tax free. Officials say the money was hidden under the names of Thaksin’s son, Panthontae, his sister, Pinthongta, the step-brother of Thaksin’s wife, Mr Bannapot Damapong and Yingluck Shinawatra, Mr Thaksin’s sister.