Thailand’s Supreme Court ruled a few hours ago that Thaksin must surrender $1.4 of $2.3 billion in frozen assets.
Here’s an NYT story with the details:
The Supreme Court on Friday confiscated $1.4 billion in frozen assets from the fugitive former prime minister, Thaksin Sinawatra, after finding him guilty of illegally concealing his ownership of a family company and abusing his power to benefit companies he owned.
But it softened the blow by allowing him to keep the remainder of his $2.3 billion fortune, saying that “to seize all the money would be unfair because some of it was made before Thaksin became prime minister.”
I spent several hours at the court house today. Here are some images. As you’ll see, there were dozens of police, crowds of TV crews and photographers, and not many red shirt protesters (though many of them gathered elsewhere).