Thailand 25 Aug 2017 00:00
Ex PM Yingluck Shinawatra final verdict about rice-pledging case. 25th August 2017.
Today is judgement day for Ms Yingluck Shinawatra (ex-prime minister) for her role in overseeing the loss-ridden rice scheme. The Supreme Court is scheduled to hand down its verdict that day, when supporters of the former prime minister are expected to throng the court premises.
Ms Yingluck has denied all wrongdoing in her handling of the rice scheme, one of the flagship policies of her former Pheu Thai government. She could face 10 years in jail if found guilty.
She is accused of dereliction of duty over her alleged failure to halt devastation from the scheme. Two rice crops during 2012-14 incurred losses of 178 billion baht.
The military-led government has pursued an administrative order to seek compensation for damages from the scheme from Ms Yingluck worth 35.7 billion baht, 20% of the total damage evaluation.
Market nonchalant about impact of Yingluck verdict. Regarding how stocks in Ms Yingluck's equity portfolio could fluctuate after court decision, she does not appear to be a major shareholder in SC Asset Corporation Plc and the stock has fallen in line with those in the property sector.