Disappearing Article? “B10bln baht cash disappears from system”

Not only did the cash disappear, but the article disappeared from the Bangkok Post website as well shortly after its posting Tuesday morning:

B10bln baht cash disappears from system – Bangkok Post, May 24, 2011
About ten billion baht cash has been found to disappear from the money circulation system ahead of the July 3 general election, Sorasit Suntornkes, an assistant governor at the Bank of Thailand, said on Tuesday afternoon…

All that we can retrieve from the cache:
About ten billion baht cash has been found to disappear from the money circulation system ahead of the July 3 general election, Sorasit Suntornkes, an assistant governor at the Bank of Thailand, said on Tuesday afternoon. “About 10 billion baht cash was withdrawn from various banks in nearly all regions of the country. But it was not spent in the system. The cause of the money disappearance is being checked,” Mr Sorasit said.
He added that it is suspected that the disappeared money would be…

UPDATE – 16:16, May 24, 2011
The article has returned, rewritten as a denial: BOT denies ‘B10bn disappeared’ remark
…Mr Sorasit insisted on Tuesday that he did not make any public comment on this topic and did not give out any figures to reporters either…

Earlier articles related to the big money that is involved in Thai politics:

Earlier: Shinawatras withdraw B1bn cash – Accounts siphoned ‘to avoid tax levy’ – Bangkok Post, March 29, 2010
Almost one billion baht has been withdrawn from several commercial bank accounts held by the Shinawatra family since the Feb 26 Supreme Court verdict on the assets seizure case, Finance Minister Korn Chatikavanij says…

Earlier: Rally billions uncovered Bangkok Post, June 17, 2010
…Some 4.23 billion baht was withdrawn from the bank accounts of Thaksin’s son Panthongtae and 6.63 billion baht from the accounts of his daughter Pinthongta starting from April 28…

Earlier: The World’s Worst DaughtersFP, August 4, 2009
…Bad behavior: When Pinthongta Shinawatra became the richest stockholder in Thailand in 2004, few observers were surprised. Before Thaksin was deposed in a military coup in 2006, his family benefited tremendously from the rampant nepotism during his five-year term as prime minster, with his own children netting millions. Along with her brother Pangthongtae, she made a large profit by buying 329.2 million shares in a Thai communications company for 1 baht each from one of the family’s offshore holding company, and selling them for almost 50 times their value to a Singaporean company. The ensuing transaction netted $464 million, and Pinthongta’s father kept the transaction hidden from Thai tax officials…

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2 Responses to Disappearing Article? “B10bln baht cash disappears from system”

  1. John says:

    It looks like the full text of the first article can be found here:
    http://www.bangkokpost.com/mail/238644/
    B10bn ‘disappears’ ahead of the polls

    Published: 24/05/2011 at 01:37 PM

    About 10 billion baht in cash has disappeared from circulation ahead of the July 3 general election, Sorasit Suntornkes, an assistant governor at the Bank of Thailand, said on Tuesday afternoon.

    “About 10 billion baht cash in total was withdrawn from various banks in nearly all regions of the country, but it was not spent in the system.

    “The cause of the money’s disappearance is being checked,” Mr Sorasit said.

    He added that it was suspected the money was being held to buy illegal drugs by drug rings or, possibly, for vote buying by politicians in the coming election.

  2. Dr.CP says:

    the world money now ,easy come and go.by electronics transection,as George Solos did.
    that money,may come to politics or prepare 4 not sure,Thai government .Thai society is not strong enough
    to make sure that ,the winner can be win ,not like US UK Japan.
    money will come back soon,no worry

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