Thai Military Junta Lets ex-PM Yingluck Shinawatra Leave Country

Posted by: : Paul EbelingPosted on: July 19, 2014 Thai Military Junta Lets ex-PM Yingluck Shinawatra Leave Country

Thai Military Junta Lets ex-PM Yingluck Shinawatra Leave Country

The NCOP has given permission to deposed former prime minister Yingluck Shinawatra to leave the country for the first time since the 22 May coup, a military spokesman said Thursday, even as  prosecutors seek a criminal indictment of her for corruption from the country’s supreme court.

Ms. Yingluck is expected to travel to Paris Sunday to attend the 65th birthday party of her brother, a fugitive and former premier Thaksin Shinawatra.

Her request was approved because she had stayed out of politics since the military seized power, according to the junta, formally known as the National Council for Peace and Order (NCPO).

Ms. Yingluck, Thailand’s 1st female prime minister, was removed from office in a court ruling shortly before the army toppled the remnants of her government.

She was among hundreds of people summoned and temporarily detained by the junta afterwards.

Her brother, Thaksin, was ousted in a coup in Y 2006 and later fled Thailand to avoid prison for a corruption conviction.

The former policeman turned tycoon- politician clashed with the royalist establishment before his overthrow, he now lives in Dubai, but remains a divisive figure at home.

A military source said Ms. Yingluck must inform the Thai authorities of her whereabouts through overseas embassies while travelling.

The NCOP ruled out holding new elections before October 2015, despite appeals from the United States and the EU for a return to democracy.

An anti-corruption body Thursday recommended criminal charges against Thailand’s ousted prime minister over her government’s Rice subsidy program, which cost the country’s billions of dollars.

National Anti-Corruption Commissioner Vicha Mahakun said the commission voted unanimously that former Prime Minister Yingluck Shinawatra committed dereliction of duty for failing to stop the program, a flagship policy of her administration.

“The defendant insisted on continuing the rice subsidy, causing further damages to the state, even though she had the direct authority to stop or cancel the government’s Rice scheme to prevent more corruption and losses, which is considered the biggest loss to the country,” Vicha said.

The commission had already ruled in May that Ms. Yingluck was liable for impeachment because her government’s rice policy was prone to corruption and massive losses. That decision came 1 day after she was ousted by a court over alleged abuse of power. The military took power in a coup later that month.

Vicha said the commission will forward the case to prosecutors next week for indictment by the country’s supreme court for political office-holders.

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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