BANGKOK: By freezing bank accounts holding $1.6 billion, the ruling generals of Thailand have hit Thaksin Shinawtra, the tycoon turned politician, where it hurts. But they also emboldened the former prime minister’s supporters and stirred sympathy among what were Thaksin’s most ardent detractors.
The reach for Thaksin’s wallet, many here say, could backfire.
Since he was removed from office in the September military coup, Thaksin has been banned from Thai politics for five years and charged, together with his wife and children, with corruption.
From his London home-in-exile, Thaksin reacted calmly to those developments. But the freezing of his assets seems to have stirred him into action.
Thaksin’s lawyer, Noppadol Pattama, said Tuesday that the former prime minister was considering returning to Thailand to fight the asset freeze.