Former Thai PM Yingluck seeks ‘fan support’ amid asset freeze

BANGKOK: Former Thai prime minister Yingluck Shinawatra, ousted in a 2014 coup, called on her supporters for help as the military government “temporarily froze” 37 of her properties and 16 bank accounts.

Yingluck was banned from politics in 2015 after a military-appointed assembly found her guilty of mismanaging a scheme that bought rice from farmers at up to 50 per cent above the market price. She denies wrongdoing. Though she is banned from political life, Yingluck remains a figurehead of the populist movement that has won every Thai election since 2001. She remains hugely popular among rural voters.

Last year, a state-appointed committee recommended she pay a fine of 35 billion baht ($1 billion), or about a fifth of the 178 billion baht it said the schemes cost the state in 2012 and 2013.

Deputy Prime Minister Wissanu Krea-ngam told reporters on Thursday that the finance ministry had located assets belonging to Yingluck including the 37 properties and money deposited in 16 bank accounts.

“They have been temporarily frozen... but they haven’t been seized by the state,” Wissanu told reporters.

Yingluck took to Twitter on Wednesday and wrote: “My bank accounts have already been confiscated. I would like encouragement from my fans and my Thai brothers and sisters.”

Yingluck was charged with criminal negligence over the rice scheme, which was one of the policies engineered by her brother, former prime minister Thaksin Shinawatra, who was also toppled in a 2006 coup.