Yingluck hold obliged for B287bn in rice intrigue damage

Former primary apportion Yingluck Shinawatra arrives during a Supreme Court in Laksi district of Bangkok on Friday to hear testimony in her conference for purported desertion of avocation in her government’s rice-pledging scheme. (Photo by Tawatchai Kemgumnerd)

A supervision cabinet has resolved that former primary apportion Yingluck Shinawatra contingency compensate 286.64 billion baht in remuneration for her loss-ridden rice-pledging programme.

Jirachai Moonthongroy, emissary permanent secretary of a Prime Minister’s Office, granted a figure when he testified on Friday in Ms Yingluck’s conference before a Supreme Court’s Criminal Division for Political Office Holders.

Ms Yingluck is indicted of desertion of avocation for unwell to stop her government’s loss-ridden rice intrigue notwithstanding being warned of a intensity damage, estimated in a finish to have exceeded 500 billion baht.

In serve to filing rapist charges, a troops supervision wants those obliged to compensate remuneration to a state and it set adult a cabinet in Apr final year to arrive during a figure. Mr Jirachai, who headed a committee, testified that it had not been systematic to speed adult a examination and no parties had set a instruction for a commentary beforehand.

He also pronounced a conference by his cabinet focused on accounting, with submit from gifted rice surveyors, and that no rice-surveying firms had objected to a work.

Because additional papers associated to rice conference were submitted, Ms Yingluck’s lawyers asked a justice to postpone a doubt of Mr Jirachai until they could examination a new material. He will lapse to a mount on Jun 24.

Ms Yingluck was benefaction during a justice on Chaeng Watthana Road in Bangkok and left immediately after a hearing.

Her supervision was in energy from Aug 2011 to May 2014. Under a rice-pledging programme, a pivotal lumber in a Pheu Thai Party choosing platform, a supervision bought all rice from farmers during prices 40-50% above prevalent marketplace rates.

The aim of a programme, devised by Ms Yingluck’s hermit Thaksin Shinawatra, was to control supply and pull adult trade prices. However, a universe marketplace was already experiencing an oversupply during a time and a intrigue backfired badly on Thailand. As well, authorities lay there was widespread crime in a stating of rice transactions.

The state hence built adult outrageous stockpiles that led to storage problems and rice deterioration. Sales are still holding place though during estimable losses.

The Yingluck administration is also indicted of arranging feign government-to-government rice sales that resulted in serve damage. The Finance Ministry estimated altogether waste from a rice intrigue during 518 billion baht.

The justice on Friday also listened testimony from Supat Eauchai, executive vice-president of a Bank for Agriculture and Agricultural Cooperatives (BAAC). He pronounced a Yingluck supervision had no transparent devise as to when a rice bonds would be sold.

Prosecutors have dual some-more witnesses due to attest on May 18. Testimony by counterclaim witnesses is scheduled to start on Jul 8 and interpretation on Feb 3 subsequent year.

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Article source: http://www.bangkokpost.com/news/politics/971817/yingluck-owes-taxpayers-b287bn

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