Financial Times FT.com

Foreign investors keep their heads as pressure grows on Thailand's PM

By Amy Kazmin in Bangkok

Published: February 8 2006 02:00 | Last updated: February 8 2006 02:00

Two weeks ago, Thaksin Shinawatra, Thailand's prime minister, said his family's decision to sell Shin Corp - the telecommunications empire he founded - would allow him to focus on running the country undistracted by criticism that he was using his influence to benefit family business interests.

Instead, the Shinawatra family's Bt73bn ($1.8bn, €1.5bn, £1.1bn) sale of its49 per cent stake in Shin Corp has sparked a sudden storm, marked by calls for Mr Thaksin's resignation, heightened tensions in the ruling party, and the biggest anti-government rally in Bangkok for more than a decade.

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