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Thailand is ordering its former prime minister to pay $1.3 billion for her failed rice plan

From businessinsider.com

Thailand's military junta has fined former prime minister Yingluck Shinawatra 35 billion baht ($1.3 billion) and ordered to have her assets seized as the result of a rice stockpiling scheme that went awry, Australia's ABC News reports. Back in 2011, Thailand was the world's largest exporter of rice, accounting for 30% of the global market. Yingluck, who was prime minister at the time, introduced a scheme that would pay farmers a price 50% above current market value for their rice. The idea was concocted ahead of the July 2011 election, which Yingluck ultimately won, and was designed to make Thai farmers wealthier ... (full story)

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