Saturday, August 23, 2008

Give Us the Cash


"Show me the money." was the hit line from the film JERRY MCGUIRE.

No bank robber ever hit a bank and said, "Show me the money."

They knew what money looks like and so does the Thai Revenue Department, which wants nearly 12 billion baht from Thaksin's frozen accounts. That sum coupled with the
76 billion baht frozen following the Sept 19, 2006 coup comes to 88 billion baht. The bank holding the funds has already deposited almost 40,000,000,000 baht with the government agency, but kept the rest on its books for the weekend, earning nearly 3 million baht on the float or interest.

The transfer of 12 billion baht is good news for the Thaksin children who were holding the money after the sale of Shin Corp. otherwise they would have been liable for possible prosecution of tax evasion, although once a finance panel rules on whether the Thaksins had legally been gifted the money, it could reverse course and go back to the kids.

It's all up to the courts, but 12 billion is a lot of money in any language.

Gimme the money.

That's the language of bank robbers.

Legal or illegal.

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