Free Trial

Thaksin's Release On Parole Marks Execution Of Alleged Political Deal


Ex-Prime Minister Thaksin Shinawatra has left prison on parole, which marks the completion of an alleged political deal between the ruling Pheu Thai Party (PTP), widely seen as a vehicle of Thaksin's political influence, and their foes-turned-allies from the country's royalist-military establishment.

  • Thaksin returned to Thailand after an election, in which his Pheu Thai Party emerged as a kingmaker. While front-runners Move Forward Party (MFP) were prevented from forming government through the use of "lawfare" by the outgoing administration, the PTP turned to the conservatives, with their coalition deal reportedly involving an unwritten agreement to allow for Thaksin's return.
  • Thaksin's prison term was commuted to just one year and he was moved to a hospital for six months, after which he became eligible for an early release. However, a fresh investigation into his alleged breaches of the strict lese-majeste laws has been opened, keeping him vulnerable to potential legal action.
  • Prime Minister Srettha Thavisin said that he could offer Thaksin a role in government working committees but pushed back against claims that Thailand effectively had two Prime Ministers. Thaksin's release poses a test to his leadership, with Thaksin's daughter Paetongtarn serving as PTP leader.

To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.