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[Sexpat]

"Evidence gathered from the Malaysian and Singaporean exchange authorities appears to link the ownership of Win Mark to former prime minister Thaksin Shinawatra, Asset Examination Committee secretary-general Kaewsan Atibho quoted the chief of the Securities and Exchange Commission as testifying yesterday afternoon.

SEC secretary-general Thirachai Bhuvanat-naranubala spent about an hour and a half testifying to the AEC about the SC Asset case. . . The AEC is probing whether Thaksin concealed his assets overseas by failing to declare his ownership in Win Mark, which used to hold shares in SC Asset.

"Thirachai has admitted that the SC Asset case is linked to Thaksin as the owner of Win Mark because there is evidence linking him with Win Mark, but details of the evidence are in documents supplied by the Malaysian and Singaporean exchange authorities which cannot be disclosed," Kaewsan said.

The SEC, however, has circulated a statement saying that Kaewsan's comment is not true because when the SEC submitted information to the Department of Special Investigation, the SEC had still not drawn a conclusion on the issue.

Win Mark is a company incorporated in the British Virgins Islands. It shares an address with Ample Rich in the tax-haven territory. Thaksin admitted his ownership of Ample Rich before transferring its shares and assets to his children ahead of his decision to enter politics in 2001, but Thaksin has never admitted ownership in Win Mark.

As prime minister, Thaksin was required to declare all of his assets. However, the authorities suspect that Thaksin concealed his assets in Win Mark, which became involved in several transactions with property companies, including SC Asset, owned by the Shinawatra family.Thaksin has categorically denied any link to Win Mark.

"Neither I nor my spouse were shareholders or executives of Win Mark, and I did not own any more Shin Corp shares besides those I transferred to Ample Rich Investment and some relatives. If Win Mark possessed Shin Corp shares, it's Win Mark's business, as Shin Corp shares have been available to buyers on the stock market," he said. This represents Thaksin's official testimony in response to charges made against him by the asset-investigators."

http://www.nationmultimedia.com/2008/04/26...es_30071647.php

[Snowy]

Yet another handful of mud being slung at Thaksin. I just wonder when, if ever, even one ounce of it will successfully stick.

The old adage springs to mind that "There's no smoke without fire" but in his case Thaksin seems to be the exception to that rule.