Former premier Yingluck Shinawatra has been detained by leaders of Thailand’s military junta, as the army prepared to brief the media for the first time on a coup criticised worldwide

Thai ex-premier detained, junta to face media on coup

POSTED: 24 May 2014 10:29
Former premier Yingluck Shinawatra has been detained by leaders of Thailand’s military junta, a source in her party said Saturday as the army prepared to brief the media for the first time on a coup criticised worldwide.

BANGKOK: Former premier Yingluck Shinawatra has been detained by leaders of Thailand’s military junta, a source in her party said Saturday as the army prepared to brief the media for the first time on a coup criticised worldwide.

The fate of Yingluck and scores of other figures in the now-deposed government and her Pheu Thai party has been a mystery since they were summoned by the army early Friday as it tightened its grip on the country.

“It is confirmed that she was detained by the military since she reported to the junta yesterday,” said the source, who had served in Yingluck’s government and was present when she turned herself in.

He said her whereabouts remained unknown.

An army spokesman was due to hold the junta’s first press briefing since the takeover at 10:30 am (0330 GMT).

In the latest twist in years of escalating political turmoil, the kingdom’s tough-talking army chief Prayut Chan-O-Cha deposed the civilian government Thursday, saying he acted to quell the escalating strife.

The United States, which has led international calls for restoration of civilian rule, took its first concrete steps, saying it would suspend US$3.5 million in military assistance for the country, about one-third of its aid.

State Department spokeswoman Marie Harf said Washington was also considering further cuts under a US law mandating suspension of assistance to foreign militaries that overthrow elected governments.

Under the new regime civil liberties have been drastically curbed, most of the constitution suspended, and a night-time curfew imposed as the army cleared rival political protesters from Bangkok’s streets.

Late on Friday, the army sent dozens of troops into central Bangkok to clear scores of anti-coup demonstrators.

Demonstrators had chanted slogans and held banners denouncing the coup — one read, “We will never lick dictatorship’s boots” — violating military bans on political gatherings and criticism of the takeover.

Witnesses reported seeing several people taken away by troops but no clashes were seen.

Yingluck was removed from office in a controversial court ruling earlier this month that set the stage for the takeover.

She was among more than 150 prominent figures from both sides of Thailand’s bitter political divide summoned by the army.

However, most appear to have been Pheu Thai members or prominent supporters.

They were also banned from leaving the country, a step analysts said was aimed at averting formation of a government-in-exile.

Thailand has been in political crisis since a 2006 military coup deposed Yingluck’s elder brother Thaksin Shinawatra, a billionaire tycoon turned politician.

Thaksin shook an entrenched elite aligned with Thailand’s revered monarchy by winning ardent support among millions of rural poor with populist measures.

He was elected prime minister in 2001 but deposed in 2006 in a military coup, fleeing into exile two years later to avoid a corruption conviction.

However, his family and allies have continued to triumph at the ballot box.

Anti-Thaksin forces alleging government corruption have staged months of deadly protests in Bangkok, triggering rival demonstrations by his supporters.

The tensions spiralled in early May with Yingluck’s dismissal.

The 2006 coup that ousted Thaksin saw the detention by several top figures in his government and the launch of corruption proceedings, including the charges against Thaksin.

Europe, Japan, and UN chief Ban Ki-moon have joined the calls for civilian control to be restored.

US Secretary of State John Kerry said there was “no justification” for a coup that would have “negative implications” for US relations, and demanded early elections.

Japan, Thailand’s biggest foreign investor, called for a “prompt restoration of a democratic political system”.

Thaksin’s so-called “Red Shirt” supporters had earlier warned a government overthrow could trigger civil war and all eyes are on the movement’s response.

While the numbers taken into custody far exceed those detained in 2006, there has so far been no sign of significant tank or troop deployments, in contrast to eight years ago.

The coup has brought a mixed reaction from Thais, with some expressing hope it will bring stability, while others said they were uneasy about the threat to democracy.

Thailand’s democratic development has now been interrupted by 19 actual or attempted coups since 1932, interventions that traditionally require the monarchy’s approval.

It was unclear whether the monarchy headed by 86-year-old King Bhumibol Adulyadej had blessed Prayut’s takeover.

Paul Chambers, research director for the Institute of Southeast Asian Affairs at Thailand’s Chiang Mai University, said the detentions were aimed at throttling opposition to the coup.

“Yes this is a purge of potential threats to the coup government,” he said.

“Prayut has to shore up his power, especially since we have yet to see monarchical endorsement of this coup.”

Political observers expect the junta to hold power for at least a year — as it did after the 2006 coup — and draw up a new constitution to curb the political dominance of Thaksin and his allies.

 

About bambooinnovator
Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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