Thai PM cleared off assets concealment charge

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BANGKOK, April 4 – Thailand’s National Anti-Corruption Commission (NACC) today freed Prime Minister Yingluck Shinawatra from allegations of assets concealment in the transaction of Bt30 million loans to her husband’s company.

NACC spokesman Klanarong Chantik said a thorough study of Ms Yingluck’s assets declaration found that the loans were genuinely extended to the Ad Index Co of which her husband, Anusorn Amornchat, is a shareholder.

Having checked the bank accounts and borrowings of Ms Yingluck, Mr Anusorn and their son, the NACC did not find any intended behaviour of assets concealment, he said.

The NACC took the case into consideration after media reports of Ms Yingluck’s possible concealment of her assets in extending the loans to her husband’s company.

Mr Klanarong said Ad Index Co issued three promissory notes to Ms Yingluck for the Bt30 million loans, dated Oct 6, 2006 at Bt20 million, March 9, 2007 at Bt5 million and March 30, 2007 at Bt5 million.

Speaking to reporters shortly after hearing the news, the prime minister said she was relieved and ready to continue her job.