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Last Updated: Monday, 11 June 2007, 13:46 GMT 14:46 UK
Thailand freezes Thaksin's assets
Former Thai Prime Minister Thaksin Shinawatra
Mr Thaksin was driven from office in a bloodless coup last year
Bank accounts belonging to Thailand's billionaire former Prime Minister, Thaksin Shinawatra, have been frozen, the government has announced.

A committee investigating claims of corruption during Mr Thaksin's era said it had ordered accounts worth 52.9bn baht ($1.63bn, 830m) to be frozen.

Mr Thaksin has been under investigation since his ousting in a coup last year.

His lawyer said the new move was politically motivated and that the ex-prime minister would challenge it.

"It is a political decision that is legally baseless," Noppadol Pattama told Reuters news agency. "The aim is to prevent the ex-PM and his wife from running their own normal lives."

Manchester City bid

Mr Thaksin is reported to be involved in a bid to buy English Premier League club Manchester City.

On Monday morning AFP quoted Mr Noppadol as saying that the football club deal, estimated at about 100m ($197m), was progressing well.

"The negotiations are underway, in line with English law. The result is likely to be good, and the negotiations should not take a long time," he was quoted as saying.

However, correspondents say it could be affected by the asset freeze.

The Assets Examination Committee, set up by the country's new military rulers after last year's coup, said it had concluded that Mr Thaksin had "committed wrongdoings".

It issued two orders covering the former prime minister's assets.

Telecoms sale

The first freezes 21 accounts holding money made from the controversial sale in January 2006 of Shin Corp, Mr Thaksin's telecoms giant, to a Singaporean firm, committee spokesman Sak Korsaengruang said.

The sale sparked days of street protests in Bangkok and was a key factor in the political unrest that preceded the military coup.

The second order freezes an unspecified number of accounts Mr Thaksin and his wife hold in Bangkok pending a corruption probe, he said.

The couple had 60 days to appeal against the decision, he said.

Thailand's military ousted Mr Thaksin in September 2006, accusing him of corruption and abuse of power.

He was out of the country at the time and now lives in exile in London.

Last month, his Thai Rak Thai party was ordered to be dissolved and he was banned from politics for five years.


SEE ALSO
Man City move closer to takeover
04 Jun 07 |  Man City
Thai party's disbandment solves little
01 Jun 07 |  Asia-Pacific
Thaksin supporters rally over ban
31 May 07 |  Asia-Pacific
Thai ex-PM banned from politics
30 May 07 |  Asia-Pacific
Profile: Thaksin Shinawatra
30 May 07 |  Asia-Pacific
Country profile: Thailand
31 May 07 |  Country profiles

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