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This is an archive article published on November 16, 2008

Barred by Britain, exiled Thai PM seeks new home

Thailand's former prime minister once used tax havens to shelter his fortune.

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Thailand8217;s former prime minister once used tax havens to shelter his fortune. Now, as a fugitive facing jail time, he is seeking a haven for himself. A Thai court found Thaksin Shinawatra guilty of conflict of interest in a land deal and handed down a 2-year sentence last month. Thaksin already had fled to London, where he reportedly owns a multimillion dollar apartment and a mansion in the suburbs. Then Britain cancelled his visa while he was out of the country.

As of Friday, he was in Hong Kong; a close associate said he would be leaving soon. It8217;s anybody8217;s guess where he8217;s headed. Thai media are full of speculation. Bermuda? Dubai? The Central African Republic?

And Thaksin has a Thai diplomatic passport, a courtesy given to former prime ministers that allows him visa-free entry to 40 countries. But as pressure mounts on the government to withdraw that privilege, Thaksin is looking increasingly like a man without a country.

8220;His primary concern will be to move to a country without an extradition treaty with Thailand,8221; said Dan Nardello, a former US federal prosecutor who heads Nardello 038; Co., an investigations firm with offices in New York, London and Washington.

China is frequently mentioned as a possible sanctuary. Thaksin has business associates there and was 8220;on vacation8221; in the country this week, the Chinese Foreign Ministry said.

However, China is unlikely to let Thaksin stay unless the Thai government signals its approval. Bangkok is an important political and trade partner for Beijing, and China has an extradition treaty with Thailand.

The two other places often mentioned, the Bahamas and the United Arab Emirates, don8217;t have extradition treaties with Thailand.

 

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