BANGKOK, Nov 1 (TNA) – The Constitutional Court on Wednesday ruled that Foreign Minister Don Pramudwinai retains his ministerial post as his wife reduced her share ownership in private companies to the legal limit within the deadline.
Under the law, a Cabinet member or their spouses are not allowed to hold shares, exceeding five per cent in any company.
The regulation was put into effect on April 4, 2007 and Don’s wife transferred her shares in Panawong Co Ltd and Panawong Realty Co Ltd to her son within the 30-day deadline.
Her total shareholdings were dropped to stay in the legal limit below five per cent.
After the court ruling, Don said he was relieved now.
Earlier, he was worried and busy preparing documents for the court. From now on, he would continue his important work as Thailand will take over the rotating ASEAN chair in 2019. (TNA)
