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Sovereign Wealth Funds Briefing - Categorized | Market, Performance

Thailand weighs Thaksin damage as Temasek stocks drop

Posted on 03 March 2010

From Businessweek.com: Thailand’s Cabinet asked prosecutors to pursue legal action to recoup losses after a court ruled that ex-leader Thaksin Shinawatra abused his power to benefit three companies now majority owned by Singapore’s Temasek Holdings Pte.

The Supreme Court on Feb. 26 seized 46.4 billion baht ($1.5 billion), or about 60 percent of the amount Thaksin’s family gained from its 2006 sale of Shin Corp. to Temasek, Singapore’s state-owned investment company……………………………………….Full Article: Source


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