Game -partly- over : Thaksin, fugitive, may ask for political asylum in England

Former prime minister Thaksin Shinawatra announced his decision to seek a political asylum in England in a faxed statement to NBT Channel

The station read Thaksin’s statement at about 11:50 am.

The former prime minister said he had to flee to England because he and his family did not receive justice in courts, which had been interfered by his political opponents.

He said there were also attempts to assassinate him.

The former prime minister said he could not trust in the current political system because the coup makers had retained their dictatorial grip through their proxies. (Nation)

What an amazing coup de theatre !

Everything started to turn sour for the ex-PM when his wife was convicted of tax evasion (3 years jail term) on july 31 (read here). They had 30 days to make appeal.

The risk was apparently too high. So they decided to not return to Thailand this morning, for a court hearing (in the Ratachapisek land case).

Eventhough this decision will have many consequences… the game is not over.

Thaksin in exile… does not solve the political struggle within the country. Let’s not forget that Thaksin lived in exile from september 2006 (when he was ousted by a military coup) until end of february 2008.

The Supreme Court Monday issued arrest warrants against former prime minister Thaksin Shinawatra and his wife, Pojaman. (Nation)

10 Responses to “Game -partly- over : Thaksin, fugitive, may ask for political asylum in England”

  1. 1 MSB 11 August 2008 at 7:26 am

    The stock market thinks otherwise. Thaksin gone, SET up. Confidence will return….

  2. 2 ThaiCrisis 11 August 2008 at 7:39 am

    Sure. 😉

    I’m afraid the SET is not a very relevant political indicator…

    As for the famous “confidence”… again I doubt that Thaksin’s exile is going to solve the PPI problem (chart with july figures on line tomorrow), to solve the CPI problem, etc.

    And I should add that, on a very political level, the PAD has already announced that Thaksin’s departure… will not end the protests… against Samak’s government.

    So it’s without any doubt an important news… but let’s be cautious there.

  3. 3 MSB 11 August 2008 at 8:29 am

    Politics is always tied to the economy and if you believe that stock prices in general follow economic performance then the marekt is a very useful indicator. But this is debatabel. What is not is that the SET index is the most urgent and first responder to both economic and political news. Thus it is a useful guide to future sentiment and thus confidence.

  4. 4 fall 11 August 2008 at 1:53 pm

    At least now the PAD won’t call government as interfering with court and justice system.
    The SET is not even a very relevant business indicator. Many stock price below par and earning ratio. It’s a technical market, not fundamental.

    PS – Did you come back from vacation just because Mr. T gone AWOL?

  5. 5 ThaiCrisis 11 August 2008 at 3:40 pm

    Nope. My return was on schedule. But a good one. 😉 Spent a few days in north west Vietnam, in the mountains. Amazing scenery.

  6. 6 chinesethai 14 August 2008 at 2:32 am

    Thaksin will return after the King passing. No one then can no longer guarantee the integrity of Thailand’s court of justice.

    Thaksin will not play any game with you unless he has the upperhand. If he is underdogged, he will just leave the game and flee.

    His style of running businesses has been just like that. From IBC (cable TV monopoly) to AIS (cellphone oligopoly) to ShinSat (satellite monopoly) to … well, you name it.

  7. 7 ThaiCrisis 14 August 2008 at 4:52 am

    I agree, this is why I wrote that the game was “partly” over. For the moment.

    Thaksin must be red of rage… He will seek his revenge. And he’s still young. In a way, time is his best ally (along his will of power and his financial means). 😉

    Anyway, now, the domestic issues are about to come back on the headlines (dissolution of PPP, PAD rallyes etc.).

    The crisis is not over. Far from it.

  8. 8 chinesethai 14 August 2008 at 9:37 am

    Thaicrisis, these are what I fear happening most while we are waiting for Thaksin’s another return in not over 2 years.

    1) Occasional and disperse bloodletting clashes between PAD and Thaksin’s supporters in North and Northeastern provinces as seen in Udornthani recently.

    2) Light bomb blasts or threats in Bangkok as occured on 2007 new year’s eve.

    3) Possible assassination of some leading Graft Probe Commissioners. I believe Mr.Sak Gorsangreung, Mr. Gla-narong Jantik, and Mrs.Jaruwan Maenthaga are likely targets.

    Many foresee a ‘calmer’ Thailand but I don’t think so, judging from past occurrences.

    PAD is still rallying their supporters, citing the reasons why Thaksin can be arrested and handed to Thai Authorities. I think this is stupid as they purposely overlook a fact that, for years, the Thai authorities have shown that they always failed to bring back Pin Jakkapak from London and Rakesh Suxena from Vancouver. Lots of hanky-pankies inside them. Thailand is run like a web of mafias (politicians, soldiers, police, billionaires, government officials, monks). They are inter-dependent.

    As usual, innocent Thai people always pay the price.

  9. 9 FunnyThais 16 August 2008 at 2:35 pm

    Now a day more than 50% of Thais use their heads to walk instead of
    using their feets to walk same as the ordinary world citizen.

    You can see that a big group of Thais are calling the cuoup makers
    to take over the power from an democratic elected govt.

    At the present Thais are behind Burma in term of democracy fighters.Thais become a real military junta’s slaves by their own agreement.

    It look very hopeless for Thailand to be a developing country in 21st.
    century.Thais keep returning in to the year 1793.

  1. 1 Thaksin exits stage left… at The FARANG Speaks 2 Much Trackback on 11 August 2008 at 7:23 am

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Thailand Crisis

Coup, Economic slowdown, Terror In the South... The situation is worsening in Thailand. Bumpy road like often before.

But this time, it's different.

The key to understand the present turmoil is the inevitable... succession of King Bhumibol.

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