Latest news with #ricepurchaseprogram
Bloomberg
22-05-2025
- Business
- Bloomberg
Thai Court Orders Ex-Premier Yingluck to Pay $306 Million Fine
A Thai court ordered former prime minister Yingluck Shinawatra to pay a 10.03 billion baht ($306 million) fine for losses incurred under her administration's controversial rice purchase program over a decade ago. The Supreme Administrative Court ruled that Yingluck, who is Prime Minister Paetongtarn Shinawatra's aunt, must pay the penalty because her 'extreme carelessness' had allowed corruption to take place in the rice scheme that ended up costing the state financial damages. The penalty is less than a third of the 35.7 billion imposed by the Ministry of Finance in 2016, which was rejected by a lower court five years later.
Bloomberg
22-05-2025
- Business
- Bloomberg
Thai Court Orders Ex-Premier Yingluck to Pay $306 Million Fine, Reports Say
A Thai court ordered former prime minister Yingluck Shinawatra to pay a 10.03 billion baht ($306 million) fine for losses incurred under her administration's controversial rice purchase program over a decade ago, according to local media reports. The Supreme Administrative Court ruled that Yingluck, who is Prime Minister Paetongtarn Shinawatra's aunt, must pay the penalty because her carelessness had caused the state financial damages, Thai-language newspaper Khaosod reported on Thursday. The ruling, which is final and cannot be appealed, overturned a lower court's verdict from 2021.
