Coss Posted October 22, 2016 Report Share Posted October 22, 2016 Thailand’s military junta has fined former prime minister Yingluck Shinawatra35 billion baht ($1.3 billion) and ordered to have her assets seized as the result of a rice stockpiling scheme that went awry, Australia’s ABC News reports. Back in 2011, Thailand was the world’s largest exporter of rice, accounting for 30% of the global market. Yingluck, who was prime minister at the time, introduced a scheme that would pay farmers a price 50% above current market value for their rice. The idea was concocted ahead of the July 2011 election, which Yingluck ultimately won, and was designed to make Thai farmers wealthier while also taking supply off of the global market. In theory, Thailand would then able to sell the rice at a higher price because there was less supply. However, things didn’t go according to plan. Prices didn’t rise as much as Thailand anticipated, and other big rice producers like India and Vietnam saw this as an opportunity to flood the market. Thailand was left with heaping rice inventories and warehouses filled to the brim..... more at http://www.businessinsider.com.au/thailand-fining-yingluck-shinawatra-13-billion-for-rice-scheme-2016-10?r=US&IR=T Link to comment Share on other sites More sharing options...
waerth Posted October 22, 2016 Report Share Posted October 22, 2016 They should do this more often to more politicians around the globe that launch these kind of schemes 1 Link to comment Share on other sites More sharing options...
BelgianBoy Posted October 22, 2016 Report Share Posted October 22, 2016 They should do this more often to more politicians around the globe that launch these kind of schemes for once I agree with you, hold them accountable ! Link to comment Share on other sites More sharing options...
Flashermac Posted October 23, 2016 Report Share Posted October 23, 2016 She not only introduced the program(me), but she was the designated head of the committee that oversaw it. However, she later admitted that she'd never attended a single meeting. It was a major fuck up, made worse by blatant corruption. Maybe she expected big bro to bail her out, but he's acting more like he'd never even heard of her. Som nam na. 1 Link to comment Share on other sites More sharing options...
baa99 Posted October 26, 2016 Report Share Posted October 26, 2016 I guess we all know where any money will go. Link to comment Share on other sites More sharing options...
Flashermac Posted October 26, 2016 Report Share Posted October 26, 2016 In politics the game's the same. Only the faces change. Link to comment Share on other sites More sharing options...
baa99 Posted October 26, 2016 Report Share Posted October 26, 2016 I'm sure the trial was as fair as a Gitmo trial. Link to comment Share on other sites More sharing options...
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