Thai graft body finds no case against Yingluck
Source: Agencies |
April 5, 2013, Friday
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Print Edition
Print Edition
AN anti-corruption body in Thailand said it found no irregularities in an asset disclosure by Prime Minister Yingluck Shinawatra, effectively removing any question she might have to step down, a prospect which unsettled Bangkok markets yesterday.
"The National Anti-Corruption Commission has found no discrepancies in its initial investigations into these allegations but we will keep evidence as background for any future investigations," Klanarong Chanthick, a member of the committee, said in a televised statement.
"The prime minister will be able to continue in her position as normal. There will be no impact on her political position," he told reporters after giving the statement.
The commission had investigated possible inconsistencies in Yingluck's declaration of assets involving a 30-million-baht (US$1.02 million) loan she had given to a company run by her husband.
The benchmark SET stock index fell as much as 2.6 percent during the morning when it became clear the commission was about to hand down its decision, with some investors worried about the implications.
After the ruling, the index rallied and closed up 0.5 percent.
Yingluck's Puea Thai Party came to power in 2011 and the country has enjoyed a period of relative stability since after years of sporadic violence that pitted royalists and supporters of the establishment against the mostly poor supporters of Yingluck's brother, ex-premier Thaksin Shinawatra.
"The National Anti-Corruption Commission has found no discrepancies in its initial investigations into these allegations but we will keep evidence as background for any future investigations," Klanarong Chanthick, a member of the committee, said in a televised statement.
"The prime minister will be able to continue in her position as normal. There will be no impact on her political position," he told reporters after giving the statement.
The commission had investigated possible inconsistencies in Yingluck's declaration of assets involving a 30-million-baht (US$1.02 million) loan she had given to a company run by her husband.
The benchmark SET stock index fell as much as 2.6 percent during the morning when it became clear the commission was about to hand down its decision, with some investors worried about the implications.
After the ruling, the index rallied and closed up 0.5 percent.
Yingluck's Puea Thai Party came to power in 2011 and the country has enjoyed a period of relative stability since after years of sporadic violence that pitted royalists and supporters of the establishment against the mostly poor supporters of Yingluck's brother, ex-premier Thaksin Shinawatra.
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