Thai court seizes $1.4b of Thaksin assets

BANGKOK: A Thai court on Friday seized $1.4 billion worth of assets belonging to former premier Thaksin Shinawatra's family, about $900 million less than the maximum in a decision that could appease some anti-government forces.

Thailand's Supreme Court ruled that the self-exiled Thaksin had concealed his shareholdings in his family telecommunications conglomerate, Shin Corp, while in office from 2001-2006 and some of his government's policies had favored the business.

The $900 million not confiscated would be unfrozen.