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‘Debtor’ Boonsong’s assets to be frozen

Apr 03. 2017
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By THE NATION

THE LEGAL Execution Department has notified ex-commerce minister Boonsong Teriyapirom and five other former officials that their assets will be frozen as part of an executive order for them to pay compensation estimated at more than Bt20 billion for losses resulting from alleged bogus rice deals.

Ruenvadee Suwanmongkol, the department’s director-general, said yesterday that her agency had completed the notification for all six people – who she described as “debtors” – in February.

“The Legal Execution Department has notified the debtors in writing about the freeze of their assets in accordance with the list provided by the plaintiff,” Ruenvadee said, referring to the Commerce Ministry.

She said the agency had no immediate time frame to complete the confiscation of assets, as this was a civil case with a 10-year statute of limitations.

The director-general said the Commerce Ministry, as the plaintiff, might inform the Legal Execution Department “all the time” about an additional list of assets it wanted seized . She added that in some cases, additional assets were found nine years after the seizure process began.

In February, the Commerce Ministry formally asked the Legal Execution Department to confiscate Bt20 billion from Boonsong, his former deputy Poom Sarapol, his former secretary Veeravuth Watjanapukka, Department of Foreign Trade former director-general Manas Soyploy, his former deputy Tikamporn Natvorathat, and Foreign Rice Trading Office ex-director Akrapong Theepvajara.

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