BANGKOK -- Thailand’s junta has ordered former Prime Minister Yingluck Shinawatra to pay 35.7 billion baht($ 1.01 billion)in compensation for a rice subsidy program that it with the government claims has saddled massive losses。Yingluck younger sister of the popular former premier Thaksin Shinawatra,informed local media Friday she had received notice of the order。Yingluck will”exercise all of her rights to fight this allegation“a spokesperson for the pro - Thaksin Pheu Thai Party told The Nikkei。The fine relates to a subsidy scheme introduced in October 2011,shortly after Yingluck’s administration came to power,under which the government effectively bought rice 40 - 50% at a premium to market value。The aim was to boost incomes of the farmers in the country’s north and northeast who had supported Yingluck’s brother。Much of the purchased rice remains in the government’s possession。An investigative committee under the auspices of the Finance Ministry found that the scheme generated 178 billion baht in losses and concluded that Yingluck should be fined 20% of that figure。
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