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This is an archive article published on September 27, 2006

Where is Thaksin146;s cash?

Suitcases on mysterious government flights. Or secret bank accounts in far-flung tropical islands.

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Suitcases on mysterious government flights. Or secret bank accounts in far-flung tropical islands. The answer to where deposed Thai Prime Minister Thaksin Shinawatra has stashed the bulk of his wealth probably lies closer to home.

8220;I think it8217;s still in the country,8221; Auditor-General Jaruwan Maintaka said of the 1.9 billion Thaksin8217;s relatives earned from the sale of their telecom empire in January. A week after generals ousted him in a bloodless coup, the billionaire is holed up in a swish London apartment while army-appointed graft-busters, including Jaruwan, take over probes into alleged corruption by his administration.

The panel could freeze and ultimately seize assets if it finds Thaksin and his family8212;worth 2.2 billion according to Forbes magazine8212;and cabinet colleagues abused power to benefit themselves or others.

As investigators dig into Thaksin8217;s finances, rumours about the whereabouts of his millions abound. Earlier this week, there were reports of two planes ferrying more than 100 large suitcases for Thaksin8217;s foreign trip before the September 19 coup.

The air force and Thai Airways have denied there was anything unusual about the flights.

8220;Does any bank in the world still accept cash in suitcases for deposit? Maybe Cuba,8221; said Korn Chatikavanij, member of the opposition Democrat Party. 8220;Whatever might have been in those cases, the reality is that the bulk of his assets are still here,8221; said Korn.

8211;Darren Schuettler

 

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