Thai senator urges Singapore to clarify Shin Corp deal
Wed Mar 8, 7:54 AM ET
BANGKOK (AFP) - A prominent Thai senator urged Singapore to address claims of wrongdoing in the sale of the Shin Corp telecom empire founded by Thai Prime Minister Thaksin Shinawatra to a Singapore firm.
Thaksin's relatives made 1.9 billion dollars when they sold their nearly 50 percent stake in Shin Corp to Singapore's state-linked investment firm Temasek. The tax-free deal ignited mass protests in Bangkok that threaten Thaksin's government.
Senator Kraisak Choonhavan, chairman of the foreign affairs committee, told the city-state's Prime Minister Lee Hsien Loong in a letter that the protests in Bangkok could affect relations with Singapore.
"I would like to, therefore, bring this matter to your kind attention with the hope that you and your esteemed parliament may help address allegations of impropriety from this transaction and clarify any misunderstandings between our peoples," Kraisak said.
The senator also sent the letter to Abdullah Tarmugi, the speaker of Singapore's parliament.
"The relationship between our two countries must not be jeopardised as a result of a single business transaction, especially since Singapore is respected...for her belief in the values of transparency, accountability and good governance," the letter said.
The sale is set to be finalized Thursday, with the end of Temasek's tender offer for the remaining shares in Shin Corp.
The senator raised a litany of concerns about the deal, including alleged tax evasion, insider trading and asset concealment.
He also said that Thai laws prevented foreign ownership of three Shin Corp companies now under Temasek's control.
Protesters seeking to oust Thaksin threatened Wednesday to boycott nearly 100 products and companies with ties to the premier or to Temasek, including several top international brands and companies from Singapore and Thailand.
A day earlier, protesters outside the Singaporean embassy urged the country to stop the Temasek deal and threatened to march on the embassy Thursday -- a move which spooked investors and sent the stock market tumbling.
From: leetahsar 15:58
To: leetahsar 12 of 18
96232.12 in reply to 96232.1
*SMACK*....i tot he married an ugly bitch...shit! how am i to know he married an even uglier hunk as a man-wife....if not i would not stick my hairy yellow banana into his arse!...now i kena tekan...kena sabo...now i m going to die pain pain...damn jialat! suay u know this pinkie clown!....wish sinkieland won't be the same...cos his horseface brother SINGNTEL is facing the same deja vu here....ROAST THE HORSEFACE TOO..HORSE MEAT MY FAVORITE!!!
his man wife using tankasee to release 70M SINGNTEL at ridiculous $2.66....yesterday was $2.80....and leetahsar pyschiced me to sell...din listen to him...jialat now.....me like going to drop pants and stick hairy yellow banana again.....who's arsehole is availabe? horseface...pinkie's brother?
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