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Thai Graft Investigators Probe Loans to Burma


An anti-corruption committee established by Thailand's military coup leaders is investigating an alleged loan or loans made by the Thai Export-Import Bank to Burma's military government.

Thai media reports say the Assets Examination Committee is looking into details of the loaning of at least 100 million dollars to Burma.

The reports says the loans may have been designed to strengthen the Burmese operations of the Shin Corp telecommunications company, then owned by the family of ousted Prime Minister Thaksin Shinawatra.

Mr. Thaksin's family sold Shin Corp for nearly two billion dollars in January. The tax-free deal angered Thais and sparked months of street demonstrations calling for the the former prime minister's resignation over alleged abuse of power and corruption.

Those protests eventually led to the military coup which overthrew the Thaksin government last month.

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