Originally posted by Atobe:
Singapore has already paid
S$3 Billion into the personal pockets of Thaksin, and got
possession of a useless and worthless peanut shell of a "Shin Corp"
- which sound more appropriately as [b]"Shin Corpse".
If Temasek do not pay this S$4 Billion as penalty for breach of
contracts by its newly acquired Shin Corpse subsidiary iTV, it
might as well see to the dissolution of Shin Corpse, and kiss the
S$3 Billion good bye.
To pay another S$4 Billion in penalty, will mean that Temasek has
paid out S$7 Billion for a peanut shell.
This is probably not the end of the saga, as the Thais will
definitely squeeze Temasek further for the indiscreet shadow
companies that held Shin Corp shares allowing Temasek 100 per cent
control of Shin Corp - which is contrary to Thai business
regulations concerning foreign ownership.
Temasek should have known better in such underhanded dealings, when
it comes from a country that is reputed for its high standard of
law and order, and being part of a structure of a government that
boasts no tolerance for such non-complaince with the Law.
How and who will explain the losses - and further losses - of
Billions of Singapore Dollars to the Singapore Citizens ?
It is coming to a full year, since the Shin Corp debacle burst out
in January 2006, and yet Singapore politicians and press have
largely remained silent.
Are we silently praying for the best to a amicable outcome that
still drain more millions - if not billions ?
Or is this silence the calm before the storm ?
[/b]
there is nothing to say.... we wont pay... what can they do? we
will keep contesting in the courts until the next thai election....
when a REAL govt come into power in thailand.
until then..... will they close down shincorp and fire the
thoudsands of thais working for shincorp and suffer their families
and those who relied on shin corp buissness to feed their
household?
the current thai govt arent elected into office... their biggest
fear is the populace, especially those who still support thaksin,
and are most worried about further raising the people's
ire...
