NEW WARRANTS FOR MAN CITY OWNER SHINAWATRA

Mon, 03/09/2007 - 09:57

Events | Thailand | United Kingdom | Finance | Football Soccer | Law

Authorities in Thailand have issued new warrants for the arrest of former Prime Minister Thaksin Shinawatra, now owner of Premier League Manchester City.

The warrants relate to alleged violations of stock-trading laws. Last month, a court issued warrants for the couple over corruption allegations relating to a land sale.

Thailand’s Department of Special Investigations is investigating allegations that Thaksin and his wife had concealed their assets in a firm, SC Assets Co Ltd.
The BBC reports that the department said it had sought the warrant as the couple had repeatedly failed to appear in Bangkok to hear the charges.

The couple was served with their first arrest warrant last month by the Supreme Court after failing to appear to hear the first in a series of corruption cases being brought against them.

In that case, Thaksin is accused of abusing his power while in office, by helping his wife buy land from a state agency at a favorable price. Thaksin and his family have denied all allegations of corruption against them, and say the charges are politically motivated.

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