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Boonsong to hear verdict this afternoon

Former commerce minister Boonsong Teriyapirom said today that he would pose bail for temporary release if the Supreme Court's Criminal Division for Holders of Political Positions handed down jail sentence on him for a fake G2G rice deal case or which he and 28 others were accused of corruption.

He also said if he is ruled guilty of the charges, it would have impact on his recent petition to the Administrative Court seeking for injunction of the administrative order to impound and seize his property.

The court is set to announce his verdict in the afternoon, after the former premier Yingluck Shinawatra failed to appear in court to hear her vedict on rice pledging scheme scam.

The former commerce minister in the Yingluck government is alleged to have violated the anti price collusion act by collaborating with others in assisting a company that did not represent the Chinese government to secure a government-to-government rice buying contract with the government.

Under the G2G rice deal, it exempted the contracted company from competition with other firms. As a result, the rice was sold at a considerably lower price, which allegedly incurred substantial losses to the state.

But he denied any wrongdoing and insisted that since the Department of Foreign Foreign Trade represented the Thai government and the company it traded with is a state enterprise in which shares are held by the Chinese government, both sides are considered government agencies and that their rice trading deal was a true G2G contract.

Source: Thai Public Broadcasting Service (Thai PBS)