Ms. Yingluck Returns To Thailand

Posted by: : Paul EbelingPosted on: August 11, 2014 Ms. Yingluck Returns To Thailand

Ms. Yingluck Returns To Thailand

Thailand’s  deposed former Prime Minister Yingluck Shinawatra has returned to Thailand from her vacation as scheduled, quashing speculation that she might flee the country to avoid a thorny case, local media reported Monday.

She returned to Thai capital Bangkok at about 10 p local time Sunday via a private jet from Singapore and left Don Mueang airport using a back door, Bangkok Post reported.

With permission from the ruling  Junta, Ms. Yingluck left Thailand late July to vacation in Europe and the United States.

During her vacation, she reportedly attended the celebration for the 65th birthday of her brother Thaksin Shinawatra, a former premier who is now living in self-exile, in Paris and Dubai.

Ms. Yingluck will have to fight a high-profile case in which the National Anti-Corruption Commission (NACC) has accused her of negligence of duty in overseeing a controversial Rice-pledging scheme.

The NACC has forwarded the case to the Office of the Attorney- General (OAG) for indictment.

The OAG has yet to examine the evidence and witnesses to decide if there are sufficient grounds for pressing charges against her in the Supreme Court’s Criminal Division for Holders of Political Positions.

If found guilty, Ms. Yingluck could face a jail term as well as a 5-yr ban from politics.

An investigative panel of the Election Commission (EC) alleged that the ousted premier, along with 8 other former cabinet ministers and national police chief, had abused power by using public funds to campaign for the already-nullified a 2 February 2014 general election.

All involved in the case will be called to defend themselves before the panel, pending further action.

The EC will have to decide whether to take the case to the Supreme Court’s Election Cases Division for ruling. If found guilty, those involved could face up to 10 yrs in prison, a maximum fine of 200,000 baht (about US$ 6,186) and a 10- yr ban from politics.

Stay tuned…

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Paul Ebeling

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Paul Ebeling

Pattern Recognition Analyst, equities, commodities, forex
Paul Ebeling is best known for his work as writer and publisher of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly-regarded, weekly financial market letter, where he enjoys an international audience among opinion makers, business leaders, and respected organizations. Something of a pioneer in online stock market and commodities discussion and analysis, Ebeling has been online since 1994. He has studied and worked in the global financial and stock markets since 1984.
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