Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Thailand's Attorney General files charges against former PM Yingluck

Published 02/19/2015, 12:52 AM
© Reuters. Ousted former Prime Minister Yingluck Shinawatra delivers her statement at the National Legislative Assembly meeting in Bangkok

BANGKOK (Reuters) - Thailand's Attorney General filed charges to the Supreme Court against deposed prime minister Yingluck Shinawatra on Thursday, in a case that could result in a 10-year jail term if she is found guilty.

Yingluck was charged with negligence for her role in a subsidy scheme that paid farmers above market prices for their rice that has cost the state billions of dollars. She denies wrongdoing.

The Supreme Court would decide on March 19 whether or not to pursue the case, court secretary Theerathai Charoenwong said. Charges against her include two of negligence and one under the anti-corruption law.

It has been a tumultuous year for Yingluck, Thailand's first woman prime minister, who was deposed days before a May coup that followed months of street protests and occupations of government buildings.

Yingluck was ordered to step down after a court found her guilty of abuse of power days before the army took power.

She was also banned from office for five years in January after Thailand's military-stacked legislature found her guilty of dereliction of duty in relation to the rice scheme.

Her critics say the scheme was a misguided attempt by Yingluck to mimic the economic policies of her brother, ousted former Prime Minister Thaksin Shinawatra, whose policies won him huge support in Thailand's rural areas.

Her supporters say the charges against her are designed to limit the influence of Thaksin, who was ousted in a 2006 coup but still wields enormous influence over Thailand's political affairs.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Despite winning every election since 2006, parties allied to Thaksin have never served a full term in office since then because of court decisions or military intervention.

Shinawatra supporters accuse the courts of bias in ruling against governments loyal to Thaksin and of siding with the elite.

Thai people have been divided in their loyalties to political factions for over a decade.

Army rule has brought some stability but the junta's national reconciliation plan has, so far, failed to reverse a deep-rooted and intractable conflict.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.