Thaksin's Assets Frozen

On June 12, Thai banks received letters from the Asset Examination Committee (AEC), established after last September's coup, ordering them to freeze US$1.5bn held by ousted prime minister Thaksin Shinawatra and his immediate family in 21 bank accounts. The AEC has not pressed charges, but said that the freeze was based on a preliminary investigation that concluded that 'Thaksin and his cronies had been corrupt and committed wrongdoings'. The move could backfire for the army-appointed government, and drive even more Thaksin supporters, who view it as a political vendetta, to

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