Wednesday, November 11, 2009

EC SEEKS COURT RULING ON MANIT SHARE TRADING

       The Election Commission will seek a Constitution Court ruling on whether to disqualify Deputy Public Health Minister Manit Nopamornbodi from office for holding shares in companies related to the media or state concessions.
       Election Commission secretary-general Suthipol Thaweechaikarn said of 29 MPs the EC had referred for a Constitution Court ruling on whether to disqualify them for holding shares in prohibited businesses, four were ministers: Deputy Transport Minister Kuakul Danchaiwijit, Deputy Interior Minister Boonjong Wongtrairat, Deputy Prime Minister Sanan Kachornprasart and Manit.
       The EC panel found that of the four, only Manit held prohibited shares on the day he assumed his ministerial post on December 20 last year. The three others sold the shares before taking up their posts.
       Manit held 500 shares in True Corp from December 24, 2002- October 7, 2009 and 4 million shares in TPI Polene from January 21, 2004. He traded some shares 17 times, the latest on December 23 last year.
       Suthipol said the EC believed Manit had violated Articles 265 and 267, resulting in disqualification and removal from his ministerial post, in accordance with Article 182 (7).
       He denied the EC intended to harass Manit but it needed to check on whether holding prohibited shares should result in him being disqualified as minister.
       Manit said he respected the EC's decision but would not resign till the Constitution Court issued its ruling.
       He admitted he held 500 True shares, however since there were only a few hundred he did not sell them before assuming the post.
       Deputy Prime Minister Suthep Thaugsuban said it would be too soon to decide whether to reshuffle the Cabinet following the EC decision. He said the government would rather wait till the Constitution Court announced its decision.

No comments:

Post a Comment