February 27, 2010 9:25 AM

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Thailand to seize $1.4 bn from Shinwatra’s family

<br/>Thailand's Supreme Court has ruled that 1.4 billion dollars of former Prime Minister Thaksin Shinawatra's family fortune should be confiscated by the state. The court agreed with prosecutors that the money was gained illegally through conflict of interest when Mr Thaksin was Prime Minister. The funds were frozen after Mr Thaksin's elected government was overthrown in a military coup in 2006. Mr Thaksin, who is living abroad, has denied any wrong doing.

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