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China Stocks Plunge Despite Raft of Stimulus Measures

Chinese investors in front of a big screen showing stock market movements at a securities brokerage house in Beijing, China, 03 July 2015. EPA/HOW HWEE YOUNG

BEIJING (DPA) — Chinese stocks plunged Tuesday, with the benchmark Shanghai Composite Index closing down 1.3 percent after tumbling 3.2 per cent at opening.

The Shenzhen Component Index closed 5.8 per cent lower, while the ChiNext Index, tracking growth enterprises, closed 5.7 per cent lower.

The continued volatility in the markets suggests that measures announced over the weekend to shore up share prices may not be enough to reverse the recent falls, analysts say.

"I dont want to see more government measures comes out," said Hu Xingdou, professor of economics at the Beijing Institute of Technology. "There are enough measures but they have barely affected the market."

"I think we should respect the market rule and try to improve standards for the capital market in order to build up confidence for long-term investment, rather than a short-term speculation," he told dpa.

Chinese premier Li Keqiang, who holds a doctorate in economics, said at the start of his tenure in 2013 that China will allow the market to play a bigger role in economic innovation.

But Chinese authorities have acted aggressively in recent weeks to try to stop the stock market slide.

Twenty-eight Chinese companies said over the weekend they would postpone initial public offerings and would refund money already paid, the official Xinhua news agency reported.

China's major securities brokers also vowed Saturday to spend at least 120 billion yuan (19.62 billion dollars) on a fund to invest in blue chip-based exchange traded funds.

The announcements followed measures from Beijing, such as a cut in interest rates and an announcement that government agencies would lend money to brokerages, that had failed to reverse the slump.

The Shanghai Composite Index has tumbled by nearly 30 per cent since a peak on June 12.

The stock declines were seen to be caused partly by investor unease over new margin-trading restrictions.

Margin trading, where investors borrow money from brokers to buy stocks, had fuelled recent rises in the stock market and raised concerns that margin debt has created a bubble.

(Reporting by Joanna Chiu)

 

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Prison Delays Freeing 14 Dissidents Until Tomorrow, Citing Regulations

Supporters of the 14 jailed activists hang their portraits along a barricade outside of Bangkok's martial court, 7 July 2015.

BANGKOK — The fourteen activists jailed for their peaceful protests against the military junta will spend one more night in jail after the martial court ruled to release them this morning, according to a top prison official.

The fourteen, eleven of whom are university students, were arrested on 26 June after they organized a small demonstration against the junta in front of Bangkok’s Democracy Monument.

A military court ordered the group to await trial in prison, but decided to release them after 12 days this morning. The activists’ lawyers argued in court today that the fourteen defendants had no intention to flee the country or interfere with the evidence. 

However, Witthaya Suriyawong, chief of the Correctional Department, said prison officials are required to detain the fourteen activists until the 12-day detention session expires at precisely one minute past midnight.

Prison regulations also forbid releasing prisoners at "night time," which means the fourteen will not be released until tomorrow at 8 am, he said. 

According to Witthaya, the regulation applies to both Bangkok Remand Prison and the Bangkok Central Women Correctional Institution, where the thirteen men and one woman are being detained, respectively. 

"We have to release them tomorrow morning," Witthaya told reporters. 

The news of the delay has angered some the group’s supporters, who were planning to assemble outside of the two prisons tonight to welcome the activists.

Over the past 12 days, the jailing of the activists has sparked the largest public show of dissent against Thailand’s military junta since the first week after the 22 May 2014 coup. Hundreds of people in Bangkok, Chiang Mai, and cities around the world have staged demonstrations to show their support for the group and demand their immediate release.

The 14 activists, who call themselves the New Democracy Movement, are facing up to 7.5 years in prison for charges of sedition and violating the junta’s ban on public gatherings with their peaceful rallies. They are also still facing additional outstanding arrest warrants for organizing anti-junta demonstrations on the one-year anniversary of the 22 May coup d'etat. 

The 14 activists include Rangsiman Rome, Chonticha Chaeng-rew, Ratthapol Supasopon, Songtham Kaewpanpruek, Pornchai Yuanyee, Pakorn Arrekul, Abhisit Sapnaphana, Jaturapak Boonpatararaksa, Apiwat Suntararak, Payu Bunsophon, Panupong Srithananuwat, Suwitcha Thipangkorn, Supachai Pukrongploy, and Wasan Sethsitthi.

The last seven are members of Dao Din, a social justice group formed by law students at Khon Kaen University. 

 

 

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6 Vietnamese & Laotians Injured in Sa Kaeo Van Crash

A van was totaled after it crashed in the back of a parked truck in Sa Kaeo province, 7 July 2015.

SA KAEO — Six passengers from Vietnam and Laos were severely injured in a van crash near the Thai-Cambodian border this morning after their Thai driver dozed off behind wheel, according to police.

The van reportedly slammed into the back of an 18-wheeler truck at around 5am on Route 359 in Sa Kaeo province. Police said the van belonged to a company called CPS Travel and was carrying 14 passengers from Vietnam and Laos to extend their Thai visas at an immigration checkpoint along the Thai-Cambodian border. 

The three Laotians and three Vietnamese injured in the accident were sent to hospital, and are in “critical condition,” according to medical staff.

A police officer quoted the 38-year-old driver, Sutthipong Krachaechan, as saying that he fell asleep behind the wheel just before his van crashed into the parked truck.

He has been charged with reckless driving leading to injuries of others, which carries up to three years in prison and a 6,000 baht fine. 

Thongchai Jongjub, the driver of the truck, told police that he had parked along the side of the road to cool off his engine when the van suddenly plunged into his vehicle.

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Prison Delays Freeing 14 Dissidents Until Tomorrow, Citing Regulations

Supporters hang cranes calling for the release of the jailed activists outside Bangkok's martial court on 7 July 2015.

BANGKOK — The fourteen activists jailed for their peaceful protests against the military junta will spend one more night in jail after the martial court ruled to release them this morning, according to a top prison official.

The fourteen, eleven of whom are university students, were arrested on 26 June after they organized a small demonstration against the junta in front of Bangkok’s Democracy Monument.

A military court ordered the group to await trial in prison, but decided to release them after 12 days this morning. The activists’ lawyers argued in court today that the fourteen defendants had no intention to flee the country or interfere with the evidence. 

However, Witthaya Suriyawong, chief of the Correctional Department, said prison officials are required to detain the fourteen activists until the 12-day detention session expires at precisely one minute past midnight.

Prison regulations also forbid releasing prisoners at "night time," which means the fourteen will not be released until tomorrow at 8 am, he said. 

According to Witthaya, the regulation applies to both Bangkok Remand Prison and the Bangkok Central Women Correctional Institution, where the thirteen men and one woman are being detained, respectively. 

"We have to release them tomorrow morning," Witthaya told reporters. 

Supporters of the 14 jailed activists hang their portraits along a barricade outside of Bangkok's martial court, 7 July 2015

The news of the delay has angered some the group’s supporters, who were planning to assemble outside of the two prisons tonight to welcome the activists.

Over the past 12 days, the jailing of the activists has sparked the largest public show of dissent against Thailand’s military junta since the first week after the 22 May 2014 coup. Hundreds of people in BangkokChiang Mai, and cities around the world have staged demonstrations to show their support for the group and demand their immediate release.

The 14 activists, who call themselves the New Democracy Movement, are facing up to 7.5 years in prison for charges of sedition and violating the junta’s ban on public gatherings with their peaceful rallies. They are also still facing additional outstanding arrest warrants for organizing anti-junta demonstrations on the one-year anniversary of the 22 May coup d'etat. 

The 14 activists include Rangsiman Rome, Chonticha Chaeng-rew, Ratthapol Supasopon, Songtham Kaewpanpruek, Pornchai Yuanyee, Pakorn Arrekul, Abhisit Sapnaphana, Jatupat Boonpatararaksa, Apiwat Suntararak, Payu Bunsophon, Panupong Srithananuwat, Suwitcha Thipangkorn, Supachai Pukrongploy, and Wasan Sethsitthi.

The last seven are members of Dao Din, a social justice group formed by law students at Khon Kaen University. 

 

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Military Court Rules to Release 14 Anti-Junta Activists from Prison

Supporters of the jailed activists rally outside of Bangkok's martial court to demand their release on 7 July 2015.

BANGKOK — Bangkok's military court has ordered to release fourteen anti-junta activists from prison while they await trial on sedition charges for leading a peaceful pro-democracy rally last month.

The fourteen activists – eleven of whom are university students – were ordered to spend 12 days in prison by the court after they were arrested on 26 June for wrapping black banners around Bangkok's Democracy Monument.

They were charged with inciting unrest, which carries up to seven years in prison, and violating the junta’s ban on public gatherings, which has been in place since the May 2014 coup that overthrew a democratic government.

Today, the court ruled that there was no "necessary reason" to continue to detain the activists, which was considered a small victory for the group, who has insisted that authorities release them without any conditions, and vowed not to post any bail because they do not recognize the martial court's legitimacy to try civilians. 

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The activists' lawyers approach Bangkok's martial court on 7 July 2015.

The fourteen are expected to be freed from their respective prisons tomorrow morning, prison officials said. The thirteen male activists are currently being held at Bangkok Remand Prison, while a female activist has been detained at Bangkok’s Central Women Correctional Institution. 

Supporters of the 14 activists, who have held daily rallies calling for the group's release, are planning to gather in front of the two prisons tonight to welcome them. 

Over 100 people also gathered in front of the martial court in Bangkok today to show support for the 14 dissidents while the military judges deliberated on their release. 

An middle-aged man caused a small commotion in front of the court when he approached the crowd with a sign that read "Good dictatorship is better than evil democracy," causing the protesters to boo the man. Police officers quickly escorted him away from the scene. 

All 14 activists are still facing additional outstanding arrest warrants for organizing anti-junta demonstrations on the one-year anniversary of the 22 May coup d'etat. 

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Second Anti-Activist Protest Allowed in Northeastern Thailand

Khon Kaen Governor Kamthorn Thawornsathit speaking to anti-Dao Din protesters in front of city hall on 6 July 2015.

KHON KAEN — Over 100 people gathered for the second protest in northeastern Thailand this past week denouncing the students who are imprisoned for staging a demonstration against the military junta in Bangkok last month.

The group assembled in front of Khon Kaen province's city hall this morning to express their opposition to seven of the fourteen jailed activists who are students at Khon Kaen University. The students belong to an activist group, called Dao Din, that has worked to empower local communities in northeastern Thailand for years, and recently turned to focus on demanding a return to democracy in Thailand following the May 2014 coup.

Although the students were jailed for violating the junta’s ban on protests, soldiers and policemen stationed at Khon Kaen City Hall made no effort to disperse today's anti-Dao Din rally.

Last week, at least 200 people also held a similar rally denouncing the seven Dao Din student activists in Loei province in northeastern Thailand, which is more widely known as the stronghold of the pro-democracy Redshirt movement that backed the government toppled in the coup. 

Speaking at today's rally, Udom Labyongsee, 58, identified himself as a representative of the protesters, who he said hailed from over 11 villages in Khon Kaen. They believe the Dao Din students are attempting to "destroy the reputation and stability of the nation," he said.

According to Udom, Dao Din and another local environmentalist group have interfered with a foreign natural gas company's fracking operations in Khon Kaen by explaining the negative environmental effects of the drilling to villagers, leading to "unrest and disputes in the villages." 

"Apico LLC has already dispatched representatives to the communities to create understanding and organize a trilateral meeting, which has clarified matters to the villagers and reduced the conflicts," Udom said. "Therefore, we support Apico LLC to continue the drilling of natural gas reserves, because we see it as a benefit to the nation." 

Udom also submitted a letter to Khon Kaen’s Governor, Kamthorn Thawornsathit, on the group's behalf. The governor said his administration respects the right to free expression, but stressed the need for stability as Thailand undergoes a period of reforms spearheaded by the military government. 

"Right now, our country is afflicted by all kind of illness," Kamthorn said. "So, we have to give the government a chance to reform the country first, instead of using these brothers and sisters to cause problem in the national level." 

Some of the signs at today's rally said: "Fight fight fight Prime Minister. Please stay [in power]. Do not back down," "Dao Din! Do not distort the facts. Do not mislead us into wrong things. Please stop," and "We people of Doon Sard would like to thank the Governor for having always taken care of us."

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Students at Thammasat University hang oragami cranes and urge the government to release 14 jailed pro-democracy activists. 

Meanwhile, around 100 people gathered for a candlelight vigil at Thammasat University in Bangkok this evening to show their support for the activists, who are facing up to seven years in prison. A military court ordered them to be remanded in prison while they await trial. 

Over the past week, allies of the activists have organized daily demonstrations calling on Thai authorities to release the group and drop the charges.

When a reporter asked army chief Gen. Udomdet Sitabutr about the junta’s policy towards rallies that support the 14 activists, he replied, "I want people to help by expressing their opinions within acceptable limits. They can do it as long as it's appropriate. But if the expression is too much like in previous times – for example, if they write messages or wrap banners around Democracy Monument, or if they display a bad manner – they will have to answer to the laws." 

The 14 jailed activists were arrested after leading a small, peaceful demonstration at Bangkok’s Democracy Monument on 25 June. The group sang songs and wrapped the monument in black banners that denounced the coup and called for a return to democratic rule.

 

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Second Anti-Activist Protest Allowed in Northeastern Thailand

Protesters in Khon Kaen denounced the seven Dao Din activists currently being held in a Bangkok prison, 6 July 2015.

KHON KAEN — Over 100 people gathered for the second protest in northeastern Thailand this past week denouncing the students who are imprisoned for staging a demonstration against the military junta in Bangkok last month.

The group assembled in front of Khon Kaen province's city hall this morning to express their opposition to seven of the fourteen jailed activists who are students at Khon Kaen University. The students belong to an activist group, called Dao Din, that has worked to empower local communities in northeastern Thailand for years, and recently turned to focus on demanding a return to democracy in Thailand following the May 2014 coup.

Although the students were jailed for violating the junta’s ban on protests, soldiers and policemen stationed at Khon Kaen City Hall made no effort to disperse today's anti-Dao Din rally.

Last week, at least 200 people also held a similar rally denouncing the seven Dao Din student activists in Loei province in northeastern Thailand, which is more widely known as the stronghold of the pro-democracy Redshirt movement that backed the government toppled in the coup. 

Speaking at today's rally, Udom Labyongsee, 58, identified himself as a representative of the protesters, who he said hailed from over 11 villages in Khon Kaen. They believe the Dao Din students are attempting to "destroy the reputation and stability of the nation," he said.

According to Udom, Dao Din and another local environmentalist group have interfered with a foreign natural gas company's fracking operations in Khon Kaen by explaining the negative environmental effects of the drilling to villagers, leading to "unrest and disputes in the villages." 

"Apico LLC has already dispatched representatives to the communities to create understanding and organize a trilateral meeting, which has clarified matters to the villagers and reduced the conflicts," Udom said. "Therefore, we support Apico LLC to continue the drilling of natural gas reserves, because we see it as a benefit to the nation." 

Udom also submitted a letter to Khon Kaen’s Governor, Kamthorn Thawornsathit, on the group's behalf. The governor said his administration respects the right to free expression, but stressed the need for stability as Thailand undergoes a period of reforms spearheaded by the military government. 

"Right now, our country is afflicted by all kind of illness," Kamthorn said. "So, we have to give the government a chance to reform the country first, instead of using these brothers and sisters to cause problem in the national level." 

Some of the signs at today's rally said: "Fight fight fight Prime Minister. Please stay [in power]. Do not back down," "Dao Din! Do not distort the facts. Do not mislead us into wrong things. Please stop," and "We people of Doon Sard would like to thank the Governor for having always taken care of us."

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Students at Thammasat University hang oragami cranes and urge the government to release 14 jailed pro-democracy activists. 

Meanwhile, around 100 people gathered for a candlelight vigil at Thammasat University in Bangkok this evening to show their support for the activists, who are facing up to seven years in prison. A military court ordered them to be remanded in prison while they await trial. 

Over the past week, allies of the activists have organized daily demonstrations calling on Thai authorities to release the group and drop the charges.

When a reporter asked army chief Gen. Udomdet Sitabutr about the junta’s policy towards rallies that support the 14 activists, he replied, "I want people to help by expressing their opinions within acceptable limits. They can do it as long as it's appropriate. But if the expression is too much like in previous times – for example, if they write messages or wrap banners around Democracy Monument, or if they display a bad manner – they will have to answer to the laws." 

The 14 jailed activists were arrested after leading a small, peaceful demonstration at Bangkok’s Democracy Monument on 25 June. The group sang songs and wrapped the monument in black banners that denounced the coup and called for a return to democratic rule.

 

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Chai Nat Farmers Fight Drought With Cat Doll

Farmers in Chainat use a Japanese doll in a traditional rain-summoning ceremony, 5 July 2015.

CHAI NAT — Farmers in central Thailand resorted to substituting a live cat with a Japanese doll in a traditional rain-summoning ceremony yesterday, amid a drought crisis that is choking many parts of the country.

Ratri Homhuan, a local leader in Suea Hok subdistrict, led the ceremony, which normally involves farmers carrying a live cat in a small wooden cage.

The tradition is rooted in a Thai folk belief that cats are magical creatures who can communicate with spirits and gods.

However, farmers in Suea Hok subdistrict chose to use a stuffed toy of a Japanese comic kitten called “Chi” instead of a real cat to avoid accusations of animal cruelty, Ratri said.

“The governor has told us that if we use a real cat, it may be considered animal cruelty and a violation of the Animal Welfare Act,” Ratri told Khaosod, referring to the animal protection law that was passed last year and is the first legislation of its kind in Thailand.

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The Japanese doll named “Chi” used in the rain-summoning ceremony in Chai Nat province, 5 July 2015.

Another group of farmers in Wang Luang subdistrict of Phrae province also made headlines last week for using the famous Japanese robot-cat character “Doraemon” in their rain-summoning procession.

Forty out of Thailand’s 77 provinces, mostly rice-farming country north and northeast of Bangkok, have been stricken with drought for the past few weeks. Thai authorities have enacted a number of emergency measures to ease the crisis, including releasing artificial rain, distributing free water in villages, and opening reservoirs to farmlands in some areas.

Chatchai Promlert, director of Disaster Prevention and Relief Department, said heavy rain over the weekend brought some relief to 27 provinces, bringing the number of severely-afflicted provinces to 13 by Monday.

While Thailand’s Animal Welfare Act has been hailed as an important step forward for protecting wildlife and domestic animals in the Kingdom, the legislation has also been criticized for its lack of specificity.

Last week, five men in Buriram province were questioned by police after they posted photos of themselves preparing and eating cat, which they said they found dead on the side of the road. Police said they were investigating whether the men had violated the animal cruelty law, which stipulates in vague terms that only animals which are “raised to be eaten” can be slaughtered for that purpose.

Violating the law carries up to two years in prison.

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'Drunk' Traffic Cop Surrenders to Police [+video]

Pol.Sen.Sgt.Maj. Chakkrawan Wongchai (center) surrendered to police on 6 July 2015.

BANGKOK — Thai police are investigating a traffic cop who was filmed admitting that he was "a little bit drunk" while manning a road checkpoint in Bangkok last week.

The video, filmed on a phone and posted on social media over the weekend, shows the officer speaking incoherently to a motorist who he waved down at the checkpoint, prompting the driver to ask if he was drunk.

The following is an excerpt from their conversation:

Officer: I am drunk, but I don't drive!

Motorist: But you are a cop. You are on duty. 

Officer: I know. 

Motorist: So you're really drunk?

Officer: Well, a little bit drunk. 

The officer then scolds the driver for recording the encounter, and challenges him to "go ahead and share it" on social media.

The original version of the video was later deleted, but not before it was widely shared on social media.

Several hours after Thailand’s police chief announced that officers were investigating the incident this morning, Pol.Sen.Sgt.Maj. Chakkrawan Wongchai identified himself as the traffic cop in the video.

After speaking to Pol.Sen.Sgt.Maj. Chakkrawan in private, police spokesperson Pol.Lt.Gen. Prawuth Thawornsiri said an investigation committee is still looking into whether Chakkrawan was drunk while he was on duty.

Chakkrawan's colleagues reportedly told Pol.Lt.Gen. Prawuth that he often "sounds like a drunk person" when he speaks. Nevertheless, Pol.Lt.Gen. Prawuth said he has established that Chakkrawan "spoke inappropriately" to the motorist. 

"At the same time, we are trying to contact the person who recorded and published this video clip, so that he can provide us with information about what happened," Pol.Lt.Gen. Prawuth said. "We want to know about what was said during the inspection, whether there were harsh words spoken on both sides."

He added, "Recording videos is not illegal, as long as it doesn't damage other people or spread false information."

Speaking to reporters this morning, police chief Pol.Gen. Somyot Pumpanmuang noted that "this is not the first time" citizens have published videos of policemen behaving inappropriately.

"If this is indeed a wrongdoing, we will punish him without giving him any exception, because it is very inappropriate," Pol.Gen. Somyot said. 

 

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Martial Court to Rule on Release of 14 Anti-Junta Dissidents Tomorrow

Chiang Mai residents hung post-it notes expressing support for the 14 pro-democracy activists jailed in Bangkok, 5 July 2015.

BANGKOK — Bangkok's military court will rule tomorrow on whether to extend the detention of fourteen anti-junta activists amid mounting support from the public to release the group.

One of the activists' lawyers, Kritsadang Nutcharus, said his legal team will ask the court to release the 14 activists, most of whom are students, on the grounds that they have no intention to flee the country.

The fourteen activists, who are facing charges of violating the junta's ban on protests and inciting unrest, were sent to jail by the court after they were arrested on 26 June for leading a peaceful pro-democracy rally in Bangkok. If found guilty, they face up to seven and a half years in prison. 

Under Thai laws, a court can order suspects to be remanded in prison for 12 days at a time. The session can be extended by the court up to seven times.

"If the court approves the second remand session, the students will have be to detained in prison, as they were," Kritsadang said. "But no matter how the court will rule, as a lawyer I will accept the decision, and I will contest the remand when the next session ends." 

Kritsadang said the activists remain in good spirits, although some of them have picked up minor illnesses in prison.

"The students insist to carry on their fight, because they are confident they are doing the right thing," he said. 

Over the past week, hundreds of Thais have defied the junta's ban on political gatherings to show their support for the activists, who have pledged not to apply for bail because they reject the military court's legitimacy to try civilians. The ruling junta granted military courts jurisdiction over "national security" cases after seizing power in a coup in May 2014.

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Students inside a mock prison cell made of pipes at Thammasat University to show solidarity with the 14 activists in jail, 5 July 2015.

The latest public show of solidarity for the group took place last night when over 200 people gathered in front of Chiang Mai University and hung post-it notes on the university's gate expressing support for the imprisoned activists. Some post-it notes also repeated the activists' core values of "democracy, human rights, public participation, justice, and non-violence." A similar event was held in Bangkok on Friday night. 

Approximately 200 security officers, mostly soldiers from 33rd Development Corps, observed the event in Chiang Mai but did not interfere. The activists dispersed peacefully from the scene shortly after sundown. 

In Bangkok, allies of the activists have held nightly candlelight vigils and gatherings, mostly in front of the prison where the group is being detained. 

Some students have also staged daily sit-ins inside a mock prison cell made of pipes at Thammasat University in Bangkok to show their solidarity with the fourteen, eleven of whom are university students as well.

So far, leading members of the junta have dismissed calls from the public – and bodies like the UN and EU – to release the activists.

Gen. Udomdet Sitabutr, commander of the Thai army and secretary of the ruling military junta, repeated this morning that authorities have no plans to interfere with the judicial process.

"They [the fourteen] have committed actions that are inappropriate. Their actions caused unrest and violated the laws, and violated the rules that the NCPO has set down for the sake of peace," he said, referring to the junta's National Council for Peace and Order. "We started by warning them, step by step. But they still did things that could lead to unrest and affect the country’s stability in the future. In the end, we are letting the laws handle them." 

"We cannot neglect this issue," he continued. "Otherwise, problems will develop gradually and lead to other troubles, and unrest. We see disaster looming ahead of us. I am confident that the people understand this … Allow me to insist that the government and the NCPO do not see any group of people as our enemies. We are not fighting anyone. We are merely taking care of and building peace in the society, in order to lead to a correct form of democracy in the future." 

 

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