Jul 25, 2017 @ 17:02

By: Agence France-Presse

Thai authorities have frozen seven bank accounts belonging to ex-premier Yingluck Shinawatra over a $1 billion fine she faces for her administration’s controversial rice subsidy scheme, her lawyer stated Tuesday.

The transfer is seen as unprecedented as a result of it financially sanctions an elected chief for a authorities policy and it’s the newest in a barrage of authorized battles she has needed to battle since she was booted from workplace.

Thailand’s first feminine prime minister, whose authorities was toppled in a 2014 coup, is already dealing with as much as a decade in jail for allegedly failing to cease graft within the subsidy programme that focused her social gathering’s rural farming base.

She was additionally retroactively impeached quickly after the coup, a transfer that banned her from politics for 5 years.

Yingluck’s authorized group had petitioned for an injunction in opposition to the $1 billion fine — which dwarfs the roughly $18 million she has in publicly declared property.

But the Finance Ministry stated Monday it was transferring forward with the order and deliberate to grab at the least 12 accounts belonging to the embattled politician as an preliminary measure.

Yingluck’s lawyer confirmed Tuesday that at the least seven accounts had now been locked.

“Bangkok Bank notified us that seven of her bank accounts have been frozen and cannot carry out any transactions,” Noppadon Laowthong advised AFP.

Yingluck, whose supporters have accused the junta of launching a political witch-hunt in opposition to her since seizing energy, turned to Twitter to insist on her innocence.

“I am ready to prove my innocence and that I have not done anything wrong in my closing statement on 1 August,” she wrote in reference to the ultimate stage of her prison negligence trial over the rice scheme.

The verdict in that trial is because of be introduced on August 25.

Analysts say the junta and its institution allies are bent on crushing the political machine led by Yingluck and her billionaire brother Thaksin Shinawatra, who was additionally ousted in a 2006 coup.

The siblings are beloved in Thailand’s poor northeast however loathed by Bangkok’s conventional elite, who preserve flattening their governments with coups and court docket rulings.

Under Yingluck’s flagship rice-pledging scheme the federal government purchased paddy at almost twice the market charge.

It cemented her recognition amongst many farmers however led to very large stockpiles of unsold rice and price Thailand its spot because the world’s main rice exporter.

Critics blasted the scheme as the newest graft-riddled populist handout by the Shinawatra camp, which has gained each national election since 2001.

The junta claims the policy value Thailand round $eight billion in misplaced income.

The subsidy scheme helped galvanise elite-backed protests in Bangkok that paved the way in which for the 2014 coup.

Source: politics.com.ph