By Pooky, this blog economics journalist
Will the Thai anti-corruption body get a hold of about US$500 million of Taksin’s US$2 billion if Taksin found guilty of corruption?
Taksin’s lawyer said “Yes” and this is the main reason the Thai anti-corruption body went after Taksin, Taksin’s lawyers argues. But the Anti-corruption says “No” money is heading for them.
What is really going on?
Well, the anti-corruption body wrote into the regulations of the anti-corruption body that anyone who gives information that leads to the exposure of corruption and subsequent nationalized of the corrupted assets, are entitled to 25%.
There is two facts to consider here.
The Thai anti-corruption body, in fact testified against Taksin and are material witness to the corruption-meaning they are involved and thus falls under the regulation that gives them 25% of the nationalized assets.
But the second point, which is more critical to this case, is that the regulations says, “Such granting of 25% to individuals can not be disclosed to the public in any way, form or means-to protect the witness.”
So in the final analysis, get US$500 million or not, no one but a select few, will ever know-because it is considered a “State Secret” that will be denied.