Yingluck’s escape won’t affect freezing of her assets

The reported escape abroad of former prime minister Yingluck Shinawatra will not affect the Finance Ministry’s steps to freeze her assets under an administrative order, permanent secretary for finance Somchai Sajjapongse said on Aug 26.

Mr Somchai was referring to the administrative order issued by the Finance Ministry for Ms Yingluck to pay compensation for damages of about 35.7 billion baht, or 20% of the total losses incurred by the rice-pledging scheme carried out by her government.

He said the ministry has sent a letter to agencies concerned to supply information in order to freeze her assets.

The agencies have been instructed to gather information on her property, including condominiums, to know their locations.  After that the information will be forwarded to the Legal Execution Department to further freeze the assets.

Ms Yingluck’s flight abroad will not affect the legal process, Mr Somchai added.

Ms Yingluck did not show up when the Supreme Court’s Criminal Division for Holders of Political Positions was scheduled to deliver its judgement in the rice-pledging case against her on Aug 25.

It was later reported that she had fled abroad.

The court rescheduled the reading of its ruling for Sept 27.