Shinawatra promises action
02 Jul 2007 - 07:30:09
Potential new Manchester City owner Thaksin Shinawatra has hit out at the Thai government's ongoing investigation into his financial affairs.
Shinawatra looks set to move a step closer to taking full control at Eastlands by upping his stake to 75 per cent of the club's shares this week.
That would allow the former Thai prime minister - who was overthrown in a coup last year - to de-list the company from the Stock Exchange.
However, Shinawatra's potential £81.6million takeover is being overshadowed by allegations of corruption and charges levelled both at him and his wife by the Thai government's Assets Examination Committee (AEC).
"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."