Monday, March 31, 2008

ASC to consider controversial loan to Burma

(BangkokPost.com) - The Assets Scrutiny Committee (ASC) will deliberate on the legality of Export-Import Bank of Thailand's (EXIM) decision to grant loans worth 4 billion baht to Burma while Mr Thaksin Shinawatra was still the prime minister.

If ASC members agree that the deal had been passed purely for personal gain after today's meeting, the committee will forward the case to the supreme court within 14 days.

Later on Monday afternoon, the ASC will consider lifting a freeze order on assets belonging to Pinthongta Shinawatra's, one of Mr Thaksin's daughters, worth 2 billion baht.

Documents will also be presented to those responsible for the case against Bangkok governor Apirak Kosayodhin and his alleged involvement in the fire engines and boats procurement scandal.

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