Pheu Thai legal aide asks PM to probe anti-corruption agency on FSRA

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BANGKOK, Nov 17 – Ruangkrai Leekitwattana, a Pheu Thai Party legal aide, has asked the prime minister to probe the operations of the National Anti-Corruption Commission (NACC) relating to its stance on the past sales of assets of bankrupt financial institutions.

Mr Ruengkrai said the prime minister should look into the NACC’s work on the case of the now defunct Financial Sector Restructuring Authority (FSRA) as the statute of limitations takes effect Nov 30.

The Financial Sector agency was set up to buy and sell assets of bankrupt financial institutions after the 1997 economic crisis.

Critics argue that the agency sold the assets at an unusually low price.

Mr Ruengkrai said he suspected the NACC was lenient in the case and concealed some information from the public.

The Pheu Thai staff member said that he personally did not want the Pheu Thai Party to take part in the institutional drafting process due to the National Council for Peace and Order’s ban on public gathering which prohibits political parties from brainstorming ideas from their members.

He called on the NCPO to lift the ban.

“Pheu Thai Party should stay still and let those responsible work. It would rather wait for the election in 2015. At that time we will be ready to fight by the rule in the election,” Mr Ruengkrai said.