Fugitive Thai ex-PM Yingluck in Dubai, aiming for UK: Junta

Agencies
August 27, 2017

Bangkok, Aug 26: Fugitive former Thai premier Yingluck Shinawatra is in Dubai and may try to seek asylum in the UK, a junta source said today, after fleeing the country to avoid a court ruling in a vanishing act that stunned many Thais.

Yingluck, 50, was due on Friday morning to arrive at the Supreme Court for the ruling in her trial for criminal negligence that could have seen her jailed for 10 years, but she did not show up, wrong-footing the court and her supporters alike as she wrote a dramatic closing chapter to the 16-year political saga of her mega-rich Shinawatra family.

Speculation swirled on Saturday on the whereabouts of Thailand's first female prime minister -- and her possible escape route.

The junta source, who is well-placed in the security hierarchy, gave a detailed description of her escape, saying she took a private jet from Thailand to Singapore and onto Dubai, the base of Shinawatra family patriarch Thaksin, who is Yingluck's older brother.

"Thaksin has long prepared escape plan for his sister... he would not allow his sister to spend even a single day in prison," the source told AFP, requesting anonymity.

"But Dubai is not Yingluck's final destination," the source said, adding she may be aiming "to claim asylum in Britain".

Thaksin, who once owned Manchester City football club, owns property in London and spends significant amounts of time in the city.

The Shinawatra's political network remained tight-lipped today in a media blackout that only served to heighten speculation over her dash from Thailand and the likelihood of a possible deal with the junta to allow her to leave.

A senior source inside the family's Pheu Thai party, also requesting anonymity, on Saturday told AFP Yingluck had fled the country for Dubai a few days before the ruling.

The Shinawatra political dynasty emerged in 2001 with a series of groundbreaking pro-poor welfare schemes that won them elections but rattled Thailand's royalist, army-aligned elite, who battered successive governments linked to the clan with coups, court cases and protests.

Yingluck's government was toppled by a coup in 2014 and she was put on trial over negligence linked to a costly rice subsidy that propped up her rural political base.

Thaksin, Yingluck's elder brother, has been based partly in Dubai since he fled Thailand in 2008 to avoid jail for a corruption conviction. He was toppled from power by a 2006 coup.

Thai newspapers reported that Yingluck fled through a land border to Cambodia, flew to Singapore and on to Dubai, perhaps two days before her court date.

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News Network
June 2,2020

Jun 2: A new female billionaire has emerged from one of Asia's most-expensive breakups.

Du Weimin, the chairman of Shenzhen Kangtai Biological Products Co., transferred 161.3 million shares of the vaccine maker to his ex-wife, Yuan Liping, according to a May 29 filing, immediately catapulting her into the ranks of the world's richest.

The stock was worth $3.2 billion as of Monday's close.

Yuan, 49 this year, owns the shares directly, but signed an agreement delegating the voting rights to her ex-husband, the filing shows. The Canadian citizen, who resides in Shenzhen, served as a director of Kangtai between May 2011 and August 2018. She's now the vice general manager of subsidiary Beijing Minhai Biotechnology Co. Yuan holds a bachelor's degree in economics from Beijing's University of International Business and Economics.

Kangtai shares have more than doubled in the past year and have continued their ascent since February, when the company announced a plan to develop a vaccine to fight the coronavirus. They slipped for a second day Tuesday following news of the divorce terms, losing 3.1% as of 9:43 a.m. in Hong Kong and bringing the company's market value to $12.9 billion.

Du's net worth has now dropped to about $3.1 billion from $6.5 billion before the split, excluding his pledged shares.

The 56-year-old was born into a farming family in China's Jiangxi province. After studying chemistry in college, he began working in a clinic in 1987 and became a sales manager for a biotech company in 1995, according to the prospectus of Kangtai's 2017 initial public offering. In 2009, Kangtai acquired Minhai, the company Du founded in 2004, and he became the chairman of the combined entity.

China's rapidly growing economy has been an engine for the country's richest, and Du is not the only tycoon who's had to pay a steep price for a divorce. In 2012, Wu Yajun, at one point the nation's richest woman, transferred a stake worth about $2.3 billion to her ex-husband, Cai Kui, who co-founded developer Longfor Group Holdings Ltd. In 2016, tech billionaire Zhou Yahui gave $1.1 billion of shares in his online gaming company, Beijing Kunlun Tech Co., to ex-wife Li Qiong after a civil court settlement.

Sometimes, a goodbye can be time-consuming too. South Korean tycoon Chey Tae-won's wife filed a lawsuit in December asking for a 42.3% stake in SK Holdings Co. valued at $1.2 billion. That would make her the second-largest shareholder of the company should she win the case, which is still ongoing.

The most expensive divorce in history is that of Jeff and MacKenzie Bezos. The Amazon.com Inc. founder gave 4% of the online retailer to Mackenzie, who now has a $48 billion fortune and is the world's fourth-richest woman.

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News Network
June 13,2020

Mexico City, Jun 13: The number of people, who have died of COVID-19 in Mexico, has risen by 544 to 16,448 within the past 24 hours, Jose Luis Alomia, the director of epidemiology at the Health Ministry, said.

He also said on late Friday that the number of confirmed coronavirus cases had increased by 5,222 to 139,196 within the same period of time.

A day earlier, the Latin American nation has recorded 4,790 new confirmed cases of the coronavirus, with 587 fatalities.

The World Health Organization declared the COVID-19 outbreak a pandemic on March 11. To date, more than 7.6 million people have been infected with the coronavirus worldwide, with over 425,000 fatalities, according to Johns Hopkins University.

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News Network
April 24,2020

Washington, Apr 24: The number of coronavirus cases in the US has surpassed 850,000, Johns Hopkins University Coronavirus Resource Center data revealed on Thursday (local time).
The country now has registered 8,56,209 cases overall, according to the data, including 47,272 deaths.

The US currently leads the world in the number of reported COVID-19 deaths and confirmed cases.

There are more than 2.6 million COVID-19 cases around the world and more than 1,85,000 deaths, according to the data.

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