Yingluck Shinawatra: ex-Thai PM sentenced to five years in jail

Agencies
September 27, 2017

Thailand, Sept 27: Thailand’s supreme court has found the former prime minister Yingluck Shinawatra guilty of negligence and sentenced her to five years in prison, a verdict delivered in absentia a month after she fled the country.

Yingluck, whose elected government was overthrown in 2014 by the army generals who still control the kingdom, had denied allegations relating to a mishandled and costly rice subsidy scheme.

The verdict was due to be delivered on 25 August but Yingluck shocked the nation, and thousands of supporters who had gathered at the court, by failing to show up.

Her lawyer cited an ear problem as the reason for her no-show. However, the court rejected the excuse and delayed the verdict, later issuing an arrest warrant. The junta chief, Prayuth Chan-ocha, ordered border checks to be increased.

Yingluck’s exact whereabouts are unknown, although senior sources in her opposition Puea Thai party said she fled to Cambodia and flew via Singapore to Dubai. She has made no public comments since she left Thailand.

Stories of her escape, possibly assisted by several police officers, have entranced the country. Some believe she may be in London, where her family owns a residence.

Authorities are conducting DNA sampling from a Toyota Camry with fake number plates that she allegedly escaped in, with results due in a month’s time. Investigators believe that at least two cars, both a similar colour, were used in the getaway. One car was as a decoy, they say.

Three senior police officers have been detained for questioning, including a police colonel who worked in eastern Thailand.

On the eve of the verdict on Wednesday, Prayuth said he knew where Yingluck had fled to, but would not reveal the location until after the judgment was delivered.

“I know, but I won’t say yet,” he told reporters after a weekly cabinet meeting. “I’ll tell you where she is after 27 September. I have spies.”

Many people suspect military leaders cut a deal with Yingluck. While the politician can avoid jail time by being abroad, her departure also leaves the country without its most prominent opposition figure, handing power-hungry generals a headless opposition. The junta has repeatedly delayed elections and sought to stamp out dissent.

Coup leaders may also have wanted to avoid putting Yingluck behind bars, a situation that could have led to a resurgence of anger from her poor, rural base.

Paul Chambers, an expert on Thai politics, said: “By getting Yingluck out of Thailand, the military gets rid of a potential thorn in their side who could become a martyr if jailed, or a powerful politician again if she is not.”

The Shinawatra family is a hugely influential political dynasty, winning every election it has taken part in since 2001, but is hated by many in the royalist and military elite in Bangkok. Yingluck’s billionaire brother, the former prime minister Thaksin Shinawatra, lives in self-imposed exile to avoid a 2008 prison sentence for corruption.

The rice subsidy scheme, which paid farmers nearly twice the market rate for their crop, was seen by Yingluck’s foes as handing billions of dollars to her voter base as well as creating unsold mountains of rotten rice. Losses amounted to more than £6bn, according to the government.

Prosecutors alleged that the expensive rice programme was susceptible to corruption, although Yingluck is not accused of graft.

The fallout of the scandal led to violent street protests in 2013-14 that eventually overthrew Yingluck’s administration. The former leader, whose supporters called themselves the redshirts, has said she is the victim of “a subtle political game”.

A military-backed legislature found Yingluck guilty in a separate impeachment case in 2015, and banned her from politics for five years.

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Agencies
March 1,2020

Washington, Mar 1: Beginning April 1, Indians wishing to immigrate to America will now have to pay an additional $50,000 for the EB-5 or the US investor visa, a media report said.

Although, this additional tax would impact all visa categories, it will predominantly create a barrier for people investing in the EB-5 visa programme, the American Bazaar daily said in the report on Friday.

In 2019, the EB-5 investor visa programme, for the first time since the 1990's, increased the minimum investment amount to $900,000.

With this increase in minimum investment, the new 5 per cent additional tax would mean that applicants would have to pay the extra $50,000, when they move money to an escrow account in the US to fulfil their application criterion.

"The changes to the tax on remittances is a reminder to Indians to carefully plan their tax position before making the move to the US," the American Bazaar quoted Mark Davies, Global Chairman, Davies & Associates LLC, as saying.

"People seeking to emigrate who do not wish to pay this tax at source and rather account for it later may wish to move their money ahead of the new rules coming into effect.

"It is possible to pre-emptively move money into an escrow account in the US until such a time as they are ready to proceed with emigration process," he added.

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News Network
April 28,2020

Geneva, Apr 28: The global death toll from the novel coronavirus has increased over the past 24 hours by nearly 5,000 to top 198,000, the World Health Organisation (WHO) said.

According to the latest WHO data, 85,530 new cases of infection have been registered globally over the past day, with 4,982 deaths.

The overall number of COVID-19 cases worldwide increased to 2,878,196 and the death count reached 198,668.

There are 1,359,380 confirmed cases and 124,525 deaths in Europe.

The number of cases in the Americas total 1,140,520, with 58,492 deaths.

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News Network
March 30,2020

Mar 30: Thomas Schaefer, the finance minister of Germany's Hesse state, has committed suicide apparently after becoming "deeply worried" over how to cope with the economic fallout from the coronavirus, state premier Volker Bouffier said Sunday.

Schaefer, 54, was found dead near a railway track on Saturday. The Wiesbaden prosecution's office said they believe he died by suicide.

"We are in shock, we are in disbelief and above all we are immensely sad," Bouffier said in a recorded statement.

Hesse is home to Germany's financial capital Frankfurt, where major lenders like Deutsche Bank and Commerzbank have their headquarters. The European Central Bank is also located in Frankfurt.

A visibly shaken Bouffier recalled that Schaefer, who was Hesse's finance chief for 10 years, had been working "day and night" to help companies and workers deal with the economic impact of the pandemic.

"Today we have to assume that he was deeply worried," said Bouffier, a close ally of Chancellor Angela Merkel.

"It's precisely during this difficult time that we would have needed someone like him," he added.

Popular and well-respected, Schaefer had long been touted as a possible successor to Bouffier.

Like Bouffier, Schaefer belonged to Merkel's centre-right CDU party.

He leaves behind a wife and two children.

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