The Central Administrative Court on Friday dismissed a petition of former commerce minister Boonsong Teriyaphirom and four associates for a stay of execution of the Commerce Ministry’s order that they collectively pay over 20 billion baht in compensation to the state in connection with the loss-ridden rice pledging scheme.
The Commerce Ministry ordered Boonsong to pay 1,770 million baht in compensation; former deputy commerce minister Poom Saraphol, 2,300 million baht; and 4,000 million baht each by former foreign trade department chief Manas Soithong, former deputy chief of foreign trade department Tikumporn Nartworathat and Akkarapong Teepwatchara, former director of foreign rice trading office.
The court said that it was empowered to issue a stay of execution only when three conditions were met: that the order for compensation payment was illegal; the stay of execution order would not pose an obstruction to the state’s administration and the enforcement of the Commerce Ministry’s order would cause serious damage.
Despite the Commerce Ministry’s order, the court noted that the order for compensation payment had not been enforced through seizure of the five men’s assets or the auction of their assets to settle the compensation.
Mr Boonsong and his four associates were not present at the court when the Central Administrative Court made the ruling to dismiss their petition. Their lawyer however said they would resubmit a petition if the Commerce Ministry seized or froze their assets.
Source: Thai Public Broadcasting Service (Thai PBS)