Word: thais
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...investors - entrepreneurs such as the Americans Malcolm Glazer (who owns Manchester United), Tom Hicks and George Gillet (who jointly own Liverpool) and Randy Lerner (Aston Villa); and billionaire prestige investors such as the Russian oligarch Roman Abramovich, who has invested more than $1 billion in Chelsea, and former Thai Prime Minister Thaksin Shinawatra, who last year acquired Manchester City. Chelsea, with its 42,000-seat stadium, might be considered an underperforming asset from a strictly business point of view; its revenues in the years since Abramovich took over are far lower than what he has invested. But owning the club...
...investigate allegations of suspected corruption by Thaksin and certain members of his government. After lengthy probes, it has filed four cases with the courts. They allege that while in office, Thaksin influenced the sale of state land to his wife at a discount, gave a preferential Thai government loan to the government of Burma to buy telecoms equipment from his company, changed the laws on telecommunications concessions to increase his firm's profits at the expense of government telecom agencies, and illegally instituted a government lottery scheme using some of the proceeds as a slush fund for political purposes. Thaksin...
Thaksin was ousted from government in 2006 while on a state visit to New York City, after which he lived in self-imposed exile for the nearly two years of military rule that followed. During that time, a constitutional tribunal found his Thai Rak Thai party guilty of violating election laws, the party was dissolved, and Thaksin and 110 other party executives were banned from politics for five years...
...last head of state to run into trouble. Many of the former Thai Rak Thai lawmakers who were not banned by the Constitutional Court grouped together under the banner of the People Power Party, which later won power in a December 2007 election. (The party is widely seen as a proxy for Thaksin; the current Prime Minister Samak Sundaravej initially described himself as Thaksin's "nominee.") While Thai courts deliver verdicts on Thaksin and his circle, Samak also faces a host of legal woes and social unrest. He is currently appealing a conviction for defamation, being investigated for a contract...
...Cambodia Temple Tensions Thai and Cambodian troops are facing off over the 11th century Preah Vihear temple on the countries' shared border. The feud follows the temple's designation as a UNESCO World Heritage site in early July. Thailand says the map used in Cambodia's UNESCO application improperly places some 1.8 sq. mi. (4.7 sq km) of land near the temple in Cambodian territory. (Cambodia legally owns the temple itself.) Opposition leaders are using the issue to pressure Thailand's embattled government, which initially endorsed the application, and the Foreign Minister has resigned as a result. Cambodia, calling...