Law proposed to seize illegal assets overseas

The Justice Ministry will propose for the Cabinet's consideration in mid May a draft legislation to retrieve assets overseas that have been illegally been obtained through corruption.

Deputy Permanent Secretary of Justice Tongthong Chandransu said Friday that Thailand is going to ratify the United Nations Convention against Corruption, therefore it had to survey Thai laws so see if there were any loopholes.

Tongthong said the ministry had planned to propose a draft legislation of the retrieval of assets in any country obtained from corruption, and a Criminal Law article 87 amendment to have the statue of limitations scrapped in case the defendant fled.

They also planned to amend the laws related to bribery made to foreign officials who came in contact with the Thai government to have the same punishment as bribery made to Thai officials.

The Nation

admin Wrote:article 87 amendment to have the statue of limitations scrapped in case the defendant fled.

Anyone know where the Statue of Limitations is located in Thailand? I remember they scrapped the "Statue of Limitations" in Baghdad when Saddam fled was on CNN for days, but it came out later that it was a PR stunt...

Don't know about the local one, but in Washington DC there is in a rotunda overlooking the tidal basin a statute of Abraham Limitations kindly known to many Americans as the Great Expectorator..

Laws for today may come back to bight some of those making them tomorrow.

All the same, I think its a good law if its applied fairly.