February 26, 2010 / 12:31 PM / 9 years ago

Thaksin's satellite policy favoured his business-judge

BANGKOK, Feb 26 (Reuters) - Former Thai premier Thaksin Shinawatra’s government set satellite policies that benefited his own business, a judge said on Friday, a conflict of interest that could lead to confiscation of his family’s frozen assets.

Those actions “were in favour of Shin Corp and Thaicom”, one of the judges said in reading a Supreme Court verdict. Thaicom (THCOM.BK), formerly known as Shin Satellite, is a unit of Shin Corp SHIN.BK.

A final ruling on whether to seize up to $2.3 billion in family assets was due later on Friday. The court earlier said Thaksin had concealed shares in his family’s telecommunications conglomerate, Shin Corp SHIN.BK, while in office and changed several government telecom policies to favour the company. (Reporting by Ambika Ahuja; Writing by Martin Petty; Editing by Alan Raybould)

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