Thai court has revoked an order by the former Prime Minister to pay $ 1 billion for U.S. losses


Bangkok (AP) — A Thai court on Friday revoked the 2016 Treasury order to former Prime Minister Yingluck Shinawatra in compensation for the losses incurred by the money-lost rice subsidy program. Her 2011-2014 administration was inaugurated.

The state’s central administrative court said the 2016 payment order had no legal basis because Yingluck was not liable for corruption because it was operationally executed by other officials. The court said the Treasury could not prove that Yingluck was directly responsible for the economic loss.

Yingluck, who was expelled from the government in a 2014 coup, was sentenced to five years in absentia in 2017 for failing to start a subsidy program. She fled Thailand before the verdict and called the case political motivation.

The rice subsidy program was a flagship policy that helped Yingluck’s Pheu Thai Party win the 2011 general election. Under this program, the government paid farmers about 50 percent more than they received on the global market with the aim of raising prices by storing grain in warehouses.

However, other rice-producing countries have won the international rice market by selling at competitive prices. As a result, Thailand lost its position as one of the world’s leading rice exporters, leaving large amounts of rice unsold in government warehouses.

Yingluck critics explained that the rice subsidy program’s top priority was political — an effort to buy local voter loyalty with state funding.

Yingluck and her defenders dismantle the political machinery of her brother, Thaksin Shinawatra, who was overthrown from power by a 2006 military coup after being accused of abuse, corruption and contempt. For the monarchy of the country that said it was persecuted by political enemies to do.

His supporters, who brought him an unprecedented election victory, are the traditional elite of a country whose only crime is led by monarchists and the military and supported by the urban middle class. I believe that I challenged the power of.

Yingluck and Thaksin are voluntarily in exile.

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