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Created: 10/11/2012 7:35 AM | Print |  Email

Thai ex-PM sought for malfeasance trial no-show

(AP) BANGKOK - Thailand’s Supreme Court has issued an arrest warrant for self-exiled former Prime Minister Thaksin Shinawatra for failing to appear at a trial alleging misconduct in a loan scandal.

The court says Thaksin was aware of Thursday’s hearing, at which his 26 co-defendants all appeared. His case was postponed indefinitely.

The defendants are charged with malfeasance for allowing government-owned Krung Thai Bank to lend about 11.58 billion baht ($377 million) to property developer Krisdamahanakorn Plc. The company was barred from such loans because of failure to repay previous debts.

Thaksin was ousted by a 2006 military coup after being accused of corruption. He fled abroad to avoid a two-year jail term on a 2008 conflict of interest conviction. He remains in self-exile.

(Copyright 2012 by The Associated Press. All Rights Reserved.)