‘Yingluck rice scheme cost Thailand $8b’

AFP, BANGKOK: Thailand’s military rulers yesterday said a rice subsidy scheme by the government it ousted cost the state more than $8 billion, adding former leader Yingluck Shinawatra should be personally sued for the loss.
Yingluck, Thailand’s first female premier, was booted from office by a court days before army chief Prayut Chan-O-Cha seized power in May 2014.
The rice scheme was a major catalyst in months of debilitating protests that led to the military takeover.
She has since been retroactivelyimpeached over the scheme and is currently undergoing a separate criminal negligence trial which could see her jailed for up to ten years. Now the junta says it will push a civil damages case against her and some key former ministers.
“A fact-finding committee panel... has found that the damage cost of rice
pledging scheme was 286.6 billion baht ($8.2 billion),” Panada Disakul, a minister to the Prime Minister’s Office, told reporters, the first time a hard figure has been given for the losses.
Yingluck, whose older brother Thaksin Shinawatra was booted out as premier by a 2006 coup, is accused of failing to halt rampant corruption in the multi-billion dollar subsidy. She is expected to appear in court on Friday to begin laying out her defence in the ongoing criminal trial.
The scheme offered farmers nearly double the market rate for their crop, pumping billions of dollars into the Shinawatras’ key support base in the country’s northeastern rice bowl.

Yingluck rice scheme cost Thailand $8b

AFP, BANGKOK: Thailands military rulers yesterday said a rice subsidy scheme by the government it ousted cost the state more than $8 billion, adding former leader Yingluck Shinawatra should be personally sued for the loss. Yingluck, Thailands first female premier, was booted from office by a court days before army chief Prayut Chan-O-Cha seized power in May 2014. The rice scheme was a major catalyst in months of debilitating protests that led to the military takeover. She has since been retroactivelyimpeached over the scheme and is currently undergoing a separate criminal negligence trial which could see her jailed for up to ten years. Now the junta says it will push a civil damages case against her and some key former ministers. A fact-finding committee panel... has found that the damage cost of rice pledging scheme was 286.6 billion baht ($8.2 billion), Panada Disakul, a minister to the Prime Ministers Office, told reporters, the first time a hard figure has been given for the losses. Yingluck, whose older brother Thaksin Shinawatra was booted out as premier by a 2006 coup, is accused of failing to halt rampant corruption in the multi-billion dollar subsidy. She is expected to appear in court on Friday to begin laying out her defence in the ongoing criminal trial. The scheme offered farmers nearly double the market rate for their crop, pumping billions of dollars into the Shinawatras key support base in the countrys northeastern rice bowl.