Aide of Thaksin’s Divorced Wife Testifies in Shin Corp Share Case

Thaksin_shincorp

The personal secretary to Pojaman Damapong, former wife of fugitive former prime minister Thaksin Shinawatra, told the court that the Revenue Department’s demand for the payment of unpaid tax from the Shin Corp share sales was a misunderstanding in the calculation of the tax.

Testifying before the Supreme Court’s division for cases against political post holders, Kanjanapa Honghern, personal secretary of Pojaman Damapong, former wife of ousted premier Thaksin Shinawatra, insisted the share transaction of Shin Corporation to Ample Rich Company, owned by their children, Panthongtae and Pinthongtha, was in accordance with the regulations of the Securities and Exchange Commission.

Kanjanapa says the sale price was the same as the price of the shares on the stock market and there was no share concealment. She added that the family’s mistake which resulted in the Revenue Department’s demand for the settlement of unpaid tax plus fine was caused by their unawareness that they had to include the shares they acquired indirectly in the tax calculation.

The charges stem from the Attorney General’s complaint asking the Supreme Court’s division for cases against political post holders to confiscate 76 billion baht in cash and assets of Thaksin and his family that were acquired when they sold off their Shin Corp shares to Singapore’s Temasek Holdings.

The Attorney General alleged that the increased wealth of the Shinawatra family was dubiously amassed while Thaksin was in office.

The court’s hearing for 55 witnesses of the defence and 52 witnesses of the prosecution will conclude on October 27 and November 19 respectively.

TAN / 23 July, 2009

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