On the contrary, Thaksin has actually created immense wealth for
him, his relatives and his elite supporters during the past five
years. Corrupt practices like tax reduction, granting government
project contracts, business privileges, getting rid of business
rivals, building monopolies and as well as many other insider
methods of ensuring his growing wealth. He came up with many
government policies that increased the barriers to entry for many
businesses that he has a hand in.
Temasek Holdings thought they could buy up ThailandÂ’s number one
telco by using loopholes in the law. Using Thai dummy investors as
a front, they seek to overcome the 51% (if I am not wrong) Thai
majority shareholding rule. With Thaksin in power, such tricks was
easily covered. After Thaksin's fall, it was not to be too long
before their tricks came to light. So to say that Singapore should
support Thaksin is the same as saying Singapore should support
elitism and corruption.
No one family should ever have such complete power and control over
a country.
