Thai court voids order for former PM Yingluck Shinawatra to pay US$1.1 billion for losses

Apr 2, 2021 | INVESTING

A court in Thailand on Friday annulled a 2016 order by the country’s finance ministry for former prime minister Yingluck Shinawatra to pay 35.7 billion baht (US$1.1 billion) in compensation for losses incurred by a money-losing rice farming subsidy programme that her 2011-2014 administration launched.The country’s Central Administrative Court said the 2016 payment order lacked a legal basis since Yingluck was not responsible for the alleged corruption because it was carried out operationally by…

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