Former Prime Minister of Thailand, Yingluck Shinawatra, fined with nearly $1 billion

World News Rudolph Rodriquez
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Former head of the Thai government Yingluck Shinawatra announced on Thursday that the junta that ousted it from power in 2014 ordered the confiscation of his wealth and a fine of 35 billion baht (997 million dollars) in connection with a mechanism that subsidies rice producers in Thailand damaged the economy with billions of dollars, according to Reuters.

The subsidizing rice scheme was one of the pillars led by Yingluck administration. After his ouster from power in 2014, Yingluck Shinawatra was indicted for criminal negligence and is currently subject to court proceedings.

Yingluck said on Friday before a court in Bangkok, that two days ago the court ordered the confiscation of her assets. She has vowed to challenge that decision by any means.

The subsidizing rice scheme represented a populist politic elaborated by Yingluck Shinawatra’s brother, former premier Thaksin Shinawatra, in turn, overthrown by a coup in 2006.

Yingluck Shinawatra, the sister of a former prime minister in exile, Thaksin Shinawatra, was sworn in as prime minister of Thailand.

At 44, the former businesswoman Yingluck Shinawatra, the only candidate for prime minister, has benefited from the support of 296 MPs of the 496 who voted. She is the first woman from Thailand who occupies this post.

The constitution of the Kingdom of Thailand provides direct and low powers for the king but enjoys great popular respect and moral authority, which is occasionally used in solving political crises. The head of government is the prime minister, who is appointed by the King of the members of the lower house, usually the party leader who can organize a majority coalition government.

Thai bicameral Parliament is the National Assembly, which is composed of the House of Representatives with 500 seats and the Senate with 200 seats.