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Probe into THAI’s losses under Thaksin’s time as PM

The National Anti-Corruption Commission (NACC) has launched a probe into ousted prime minister Thaksin Shinawatra’s decision to approve Thai Airways International Plc’s (THAI) plan to purchase Airbus aircraft worth more than 53 billion baht years ago.

The move by the fugitive former prime minister allegedly led to huge losses.

Niwatchai Kasemmongkol, deputy secretary-general of the NACC, said the commission has set up a nine-member panel to look into allegations that Thaksin approved the purchase of multiple Airbus A340-500 and A340-600 aircraft between 2002 and 2004. He said the decision plunged the airline into debt.

Apart from Thaksin, there are four other people suspected of being involved in the decision, Mr Niwatchai said.

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