BANGKOK, 12 June 2014, The Election Commission (EC) has extended for another month the deadline for the former senators to submit their asset declarations, from June 28th to July 28th.
According to Mr. Thanit Sriprathet, the Election Commissioner on Political Party Affairs, the EC deemed the senators might require more time to prepare their necessary financial statements for the declaration, and thus has decided to extend the deadline.
Recently, the National Council for Peace and Order (NCPO) announced that it would retain a portion of the constitution’s organic law, including bills related to MP election and senate origin. The move effectively empowered the EC to set the new time frame for the senators to submit their asset declarations.
Those who fail to submit the legal documents, or unable to provide the complete details of their assets, or fabricate their financial statements, will be subject to 2 years imprisonment, a fine of no more than 40,000 baht, and a 5-year ban from politics.
Any accountant(s) of the senators, who fail to conform to the EC’s accounting outlines may also face a jail term of up to one year, or a fine of no more than 20,000 baht, or both, as well as a 5-year ban from practice.