Thaksin fight for Manchester City takeover

Thaksin Shinawatra is fighting back at the current Thai government through legal channels.

The deposed former Thai prime minister, deposed in a bloodless coup last year, has been trying to buy out English Manchester City.

But the Thai government has blocked much of Thaksin's funds, and has brought him up on corruption charges, in particular after Thaksin revealed a back-up account with the money to support the Manchester City bid. Thaksin's frozen bank accounts in Thailand contain GBP 1.1 billion.

Lawyers for Thaksin said now they have leveled various charges against members of the Assets Examination Committee (AEC), including one of the committee trying to discredit the former leader and his family.

"The sole purpose of the AEC is to sabotage any action by Dr Thaksin Shinawatra," read a statement from his lawyers. "Various actions taken by the AEC were illegal, unfair and against the principle of the rule of law.

"Therefore, Dr Thaksin Shinawatra and his family have no alternative but to take all necessary legal actions to protect himself and his family's reputation and prestige."

Thaksin could secure the needed 75 percent of the shareholding this week from small shareholders, which would allow him to de-list the company.

Source: euFootball.BIZ © Copyright 2006 - All rights reserved.