Court affirms decision in Yingluck's rice-pledging law case
The Pheu Thai Party has announced a fresh appeal to the Administrative Court in an attempt to further reduce the compensation Yingluck Shinawatra, the former Prime Minister, is liable for, in the controversial rice-pledging scheme case. This decision comes in response to a ruling by the Supreme Administrative Court, which upheld the Finance Ministry's compensation order while reducing Yingluck's liability to 10.028 billion baht, a significant decrease from the initial demand of 35.7 billion baht [Source 4, 5].
The party argues that the damages should be recalculated, contending that substantial revenues were generated from the sale of rice stockpiles, which should offset the losses attributed to Yingluck. The party is currently investigating all legal avenues to contest the court's decision and plans to officially submit the new appeal shortly [Source 4, 5].
At present, the court has yet to rule on this new appeal. Meanwhile, Yingluck's legal team is also planning to petition for a retrial within 90 days, citing new evidence concerning rice sales that could potentially dissolve the compensation obligation [Source 2].
The rice-pledging scheme, one of Yingluck's flagship policies implemented during her term as Prime Minister, has been mired in controversy, resulting in a significant financial loss to the government and leading to several legal battles. The outcome of these ongoing proceedings will have significant political implications for Yingluck and the Pheu Thai Party.
Sources:[1] The Administrative Court Office clarifies it didn't order Yingluck to pay; Supreme Court simply limits liability to 10.03 billion baht over rice-pledging scheme losses.[2] Pheu Thai to Invoke admin court law to seek reduced penalty for Yingluck.[3] Yingluck's comeback still on track? 5 reasons her THB 10bn court defeat won't stop her return.[4] Yingluck's lawyers push for retrial in rice pledging case fight.[5] Pheu Thai Party to Submit Appeal.
- The Pheu Thai Party, in response to the Supreme Administrative Court's ruling, is investigating legal avenues to contest the compensation decided in the rice-pledging scheme case, arguing that substantial revenue from rice stockpile sales should offset losses.
- Besides the party's appeal, Yingluck's legal team is also planning to petition for a retrial within 90 days, citing new evidence concerning rice sales that could potentially dissolve the compensation obligation.
- The ongoing legal battles surrounding the controversial rice-pledging scheme, a flagship policy of Yingluck's term as Prime Minister, have significant political implications for Yingluck and the Pheu Thai Party.
- Meanwhile, the stock market, business, finance, and economy sectors may also be impacted by the general news of the court's decisions, as the outcome of these proceedings could influence policy-and-legislation moving forward.
