Thanathorn submits clarification on shareholding to EC

Future Forward party leader Thanathorn Juangroongruangkit today reiterated his denial that he had violated the election law by applying to run in the March-24 general election while still holding shares in a media company.

Lawyers of the party today submitted a letter of clarification about Thanathorn’s share-holding in V Luck Media Company to the Election Commission’s Office.

One of the lawyers, Mr. Worawut Butmart, insisted that Thanathorn had fully complied with the law and had transferred all his shares in the media firm on January 8, the morning of his return from campaigning in Buri Ram. Worawut also said that he felt the Election Commission (EC) was trying to wrap up the case before May 9th, not allowing the firebrand Future Forward party leader a chance to defend his case.

Together with the letter of clarification, he said he had also included share transfer documents plus a cheque relating to the share payment for consideration.

Meanwhile, party secretary-general Payabutr Sangkanokkul said that if the EC is honest and fair, it should have decided from the beginning that the case was unfounded and that there was no need to investigate Thanathorn’s shareholding in V Luck Media Company.

He pointed out that it was normal for several companies to include several businesses areas, including media, in their memoranda of incorporation, while they actually did not operate a media business.

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