Thai Prime Minister Thaksin Shinawatra's son broke stock disclosure laws before the $1.9 billion sale last month of the telecommunications empire his father founded, Thai regulators have said.The guy is too young to steer his father's Empire.Phantongtae Shinawatra, 27, also violated tender offer rules in the run-up to the sale of 49.6 percent of Shin Corp to Singapore state investment firm Temasek Holdings, the Securities and Exchange Commission said on Thursday.
"The violations are not serious enough to press criminal charges," SEC Secretary General Thirachai Phuavanatnaranubala told reporters after a month-long probe into the deal, but Phantongtae is likely to face a fine.
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Technorati tags: Politics, Thailand, Shinawatra, Thaksin, Shin Corp, Singapore
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