BANGKOK, Nov. 21 (Xinhua) -- Cambodian Prime Minister Hun Sen's daughter plans to hold shares in Cambodia Traffic Air Services (CATS) after the Cambodian government has temporarily taken over management of the firm, a Thai senior official confirmed Saturday.
Panitan Wattanayakorn, Thai acting government spokesman confirmed the news report that Hun Sen's daughter is planning to hold shares in CATS.
Having controlled CATS by the Cambodia government occurs after Siwarak Chothipong, a 31-year-old-Thai man, who worked as engineer at CATS, has been arrested from Nov. 11, according to the arrest warrant of prosecutor of Phnom Penh Municipality Court.
Cambodia has charged Siwarak of having had confidential information affecting Cambodia's national security, a senior Thai official said Wednesday.
According to a news report by the Khmer language newspaper Rasmei Kampuchea, Siwarak spied through copying the letters of flights of former Thai Prime Minister Thaksin Shinawatra in Cambodia and Hun Sen from CATS which has duties to control all flights in country and he sent those reports to Thailand.
Siwarak has been detained in a prison in Phnom Penh since last week as the Thai government is now in the process of seeking a release for him.
Chawanon Intarakomalsut, Thai Foreign Minister's secretary said he expected that the process could be completed next week and the engineer's mother could probably visit her son next week.
He also said it would be difficult for any individual to take over the company, but his ministry would try to assist CATS. So far the company has not requested help.
Panithan said that he did not know whether the company could be protected as other companies registered in Cambodia, and it's up to the company to file a request for the Cambodian government to consider.
Thailand and Cambodia have downgraded their diplomatic relations due to conflict over an appointment of Thaksin as an economic advisor to Cambodia's government and Hun Sen on Nov. 4.
A day after the appointment of Thaksin, the Cambodian government announced recall of its ambassador to Thailand in a move to respond to the Thai government's recall of its ambassador to Cambodia.
Thaksin was ousted by the military coup in September 2006, in accusation of corruption, and has been kept in exile since then. He returned to Thailand in February 2008 to face corruption charges, but he later fled into exile again and was convicted in absentia.
Panitan Wattanayakorn, Thai acting government spokesman confirmed the news report that Hun Sen's daughter is planning to hold shares in CATS.
Having controlled CATS by the Cambodia government occurs after Siwarak Chothipong, a 31-year-old-Thai man, who worked as engineer at CATS, has been arrested from Nov. 11, according to the arrest warrant of prosecutor of Phnom Penh Municipality Court.
Cambodia has charged Siwarak of having had confidential information affecting Cambodia's national security, a senior Thai official said Wednesday.
According to a news report by the Khmer language newspaper Rasmei Kampuchea, Siwarak spied through copying the letters of flights of former Thai Prime Minister Thaksin Shinawatra in Cambodia and Hun Sen from CATS which has duties to control all flights in country and he sent those reports to Thailand.
Siwarak has been detained in a prison in Phnom Penh since last week as the Thai government is now in the process of seeking a release for him.
Chawanon Intarakomalsut, Thai Foreign Minister's secretary said he expected that the process could be completed next week and the engineer's mother could probably visit her son next week.
He also said it would be difficult for any individual to take over the company, but his ministry would try to assist CATS. So far the company has not requested help.
Panithan said that he did not know whether the company could be protected as other companies registered in Cambodia, and it's up to the company to file a request for the Cambodian government to consider.
Thailand and Cambodia have downgraded their diplomatic relations due to conflict over an appointment of Thaksin as an economic advisor to Cambodia's government and Hun Sen on Nov. 4.
A day after the appointment of Thaksin, the Cambodian government announced recall of its ambassador to Thailand in a move to respond to the Thai government's recall of its ambassador to Cambodia.
Thaksin was ousted by the military coup in September 2006, in accusation of corruption, and has been kept in exile since then. He returned to Thailand in February 2008 to face corruption charges, but he later fled into exile again and was convicted in absentia.
12 comments:
No surprise - Cambodia belongs to Hun's families. The only one left right now is Royal Palace but sooner it will be sold too.
This may be a good thing. Because, now the country will move in the right direction. Afterall, it took less than 5 years to become PM, 10 years to sell the land, now 20 years to take over the sky.
Too bad they can't own a piece of the Galaxy too.
The further up the Hun family can go by teaming up with other families and foreigners at the expense of Cambodia and her people, the better fall it will experience when they come down one day!
Nobody is up there permanently, especially if you are up there enjoying yourself, while the rest of the people are down here in suffering! History has proven it!
Anet Khmer
.......and I thought Hun Sen own Cambodia already. Phewww!
12:42 AM politically he is...economically about 65% and Sok Kong 35%...
Another civil war will be after sdach kan Hun Sen gone.
12:47,
So, we can safely say that there is a co-owner in all this.
Like a sharing profits. LOL
Anet Khmer,
I just hope that this reign of terror doesn't last too long.
This country of ourse is moving in the right direction to hell if Hun Sen, his families, and his clique are still in the control. Right direction my butts!!!! Three hundred houses were destroyed and not even one was saved, ah pleu!
It will be soon the same Sadam Husein in Iraque!!!!Hun Xen will be soon in the small hell(Block under ground )the same Sadam Husein!!!! and Hun Xen family will run to Hanoi!!!
no longer time all dictator ship will be the same Hok Londy!!!!
I don't fully understanding "plan to hold shares"?
Is this not a nationalization similar to the Khmer rouge an then gave it to your own daughter--it worse than the Khmer Rouge.? If so be careful all you investor. One day Hun Sen like you and the next you are very poor. I guest it would be kind to call this a hostile takeover.
Yes! You can easily lose it faster than you invested. Just like those that loss their house. This is a political rip off. It slowly drained the blood from the poor.
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