MPs and shares : the bomb that could blow up the Frankenstein Coalition

The Election Commission will this week examine the shareholdings of 89 MPs in companies believed to have monopolistic-like concessions from the state or to be doing business with the state, to see if they are in breach Article 265 of the constitution.

Election commissioner Sodsri Sattayatham said on Monday the results of the examination would likely be forwarded to the Constitution Court this week.

The EC would use the same criteria for the 89 MPs as were applied with the 16 senators found last week to be in breach of the constitution over shareholdings. Their cases are already with the Constitution Court.

Members of parliament found guilty of wrongfully holding shares in companies doing business with the state stand to lose their seats.

The court’s decision could have a major impact on the government. The MPs under investigation comprise members of the goverment coalition and opposition parties, including cabinet ministers. (Bangkok Post)

Another blow to normality, another ticking bomb, another perfect thai drama.

Let’s recap : the constitution (drafted by the Junta, and voted in august 2007) says :

Part 2 – Conflict of Interests

Section 265. Members of the House of Representatives and senators shall not:

(2) receive or interfere or intervene in, whether directly or indirectly, any concession from State, a government agency, State agency or State enterprise, or become a party to a contract of the nature of economic monopoly with State, a government agency, State agency or State enterprise, or become a partner or shareholder in a partnership or company receiving such concession or becoming a party to the contract of that nature;

Why I say “thai drama” ? Because it’s rather amazing that all those MPs and senators didn’t know the Constitution. And nobody told them last december, before the elections and after. And Abhisit didn’t react on this issue.

And now 6 months after, people start to wake up…

If the EC applies the same criterias than the 16 senators (disqualified last week) then the 89 MPs are likely to be toasted. And if they are toasted, the Frankenstein Coalition (led by the Democrat Party) would just collapse. And Abhisit would be history.

But there is another step : the Constitution Court could give another interpretation… and change the ruling…

So to summarize : we are once again on the path of political uncertainty…


The Election Commission Tuesday delayed its decision on the share holding cases of 44 MPs for 15 days. The EC resolved to have the sub-committee in charge of the cases to conduct more investigations by hearing explanations of certain MPs and involved companies. (Nation)

Yeah better to take time… to find a way out. 😉 The potato is too hot.

9 Responses to “MPs and shares : the bomb that could blow up the Frankenstein Coalition”

  1. 1 Bedwyr 22 June 2009 at 6:19 pm

    It would be interesting but the Thai judiciary don’t follow the law, they follow their instincts. No point complicating the equation with impartiality is there? After all, this is Thailand, where everyone is 9 years old in perpetuity.

    Suthep was acquitted of libel because his libellous statement against Thaksin was a ‘sincerely held opinion’.

    And they really wonder why foreigners shake their heads and take a holiday somewhere else. Somewhere less… rabbit-hole-ish.

    Jesus wept.


  2. 2 Lothar 22 June 2009 at 8:12 pm

    By the way nice election results in the Isaan.
    People gave 75% to the red shirts.

  3. 3 ThaiCrisis 22 June 2009 at 8:18 pm

    Lothar : I would say even more : it’s a slap in the face of the Frankenstein Coalition… a big defeat for the Newin, the ex-friend of Thaksin who decided to change allegiance… His betrayal made Abhisit Prime Minister…
    We might see a link there…

  4. 4 fall 22 June 2009 at 9:15 pm

    Coming from the same court that rule Samak TV show as guilty, but a judge moonshining not guilty. The outcome is dead certain.

  5. 5 ThaiCrisis 22 June 2009 at 9:34 pm

    … well Samak was… guilty indeed.

    Anyway, the ruling is going to be interesting. Because actually the article 265 is not very clear. What constitute a “shareholding” ? It starts with 1 share only, or a minority block ? Or a controling block ?
    What about “monopoly” ? A de facto monopoly ? Or a legal one ?

  6. 6 antipadshist 22 June 2009 at 9:57 pm

    but hey, soon we’ll be able to have a quality entertainemnet in CM – never mind the economy going to sh1t ! 🙂

    B8bn movie town for Chiang Mai

  7. 7 ThaiCrisis 22 June 2009 at 10:32 pm

    Movie town : At least… this time the guy who is talking about “hub” is not thai !

  8. 8 antipadshist 22 June 2009 at 11:37 pm

    check it out this quote :

    His intellect and overseas education made him a favourite of the foreign business community, but cut little ice with the rural northeastern Thais who formed the backbone of support for Thaksin.

    INTELLECT? “favorite of foreign biz community” ? this is a joke, especially if one merely takes into consideration the main point expressed in the title of this article:

    Thai PM Optimistic About Country’s Economy

    meanwhile elsewhere people are bracing themselves for …
    the “Ultimate Depression”

    see on youtube:


  9. 9 CNXJeffrey 23 June 2009 at 10:57 am

    Is this just another Judicial putsch to clear the way for the Abhisit Government Bills-the “stimulus” fantasy?.
    Who is beihind it?….Chumlong Srimuang?….
    Ahh, the Land of Endless Conspiracy and Betrayal!.

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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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