Thailand: Ex-PM Thaksin ordered to pay USD542 mil in Taxes

Thailand's Supreme Court has ordered ex-PM Thaksin Shinawatra to pay USD542 mil in taxes related to a 2006 share sale.

Transcript

00:00Thailand's Supreme Court has ordered former Prime Minister Thaksin Shinawad to 542 million U.S. dollars in taxes related to a 2006 share sale.

00:11The ruling revives a case that contributed to his outster and later exile 19 years ago.

00:21Thaksin had sold shares of Shinkop, the telecommunications firm he founded, to Singapore's Damasek in 2006.

00:28The deal raised concerns about conflict of interest and triggered accusations of tax evasion.

00:34Thaksin has maintained that the transaction complied with existing rules.

00:38But the sale sparked mass protests in Bangkok that eventually led to the military removing him from power later that year.

00:45After spending more than a decade in exile, Thaksin is currently serving a prison sentence in Bangkok for corruption during his time in office.