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[Sexpat]

Shin sleuths return to shelves with red-hot sequel

After causing a sensation with "25 Questions Surrounding Shin Corp", the authors who go by the pen names Ma Nok and Dek Nok Krob are back with an update on the deal that sparked an outcry as well as allegations of criminal behaviour that have yet to lead to a single arrest.

"Shin Caught Red-Handed" (Shin Khanang Khakhao), published by Openbooks, is set to keep the controversy alive. Offering new insight into the Shin Corp sale, it puts the focuses on a few crucial questions.

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In June 1999 Thaksin transferred 32.9 million shares . . .to Ample Rich Investment, which he incorporated in the British Virgins Islands. . . .It remains unclear how he managed to transfer the Shin stock from his local brokerage account to Ample Rich Investment, which was capitalised at only US$1.

There were no records of a financial transaction. . . When Thaksin declared his assets, as required by law, he treated the Ample Rich Investment very ambiguously. There was no record in his asset declaration that he earned Bt329.2 million from his sale of the Shin stock to Ample Rich. Neither is it clear where Ample Rich got Bt329.2 million to buy the stocks from Thaksin.

"Caught Red-Handed" concludes that it is possible a transaction never occurred."

http://www.nationmultimedia.com/2006/11/20...al_30019419.php