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Thaksin defends Man City takeover money

BANGKOK, Aug 3 (Reuters) Ousted Thai Prime Minister Thaksin Shinawatra says the money he used to buy English Premier League club Manchester City was legitimate, denouncing Thai accusations to the contrary as politically motivated.

''The money I had came from the sale of the assets of my own family's companies, from nowhere else, only this,'' Thaksin told the Manchester City Web site (ww.mcfc.co.uk) in a web cast interview heard by Reuters today.

''So the allegations in Thailand are politically motivated to justify the junta staging the coup against me -- that's it.'' Thailand's graft-busting Asset Examination Committee (AEC), set up after last year's bloodless coup, said on Wednesday the takeover money was never mentioned in the asset declarations all Thai politicians have to make.

It ordered commercial banks last month to freeze 73 billion baht 2.16 billion dollar of Thaksin's money in domestic accounts, accusing him of amassing wealth during five years in office by abusing his power and looking to freeze his overseas assets.

REUTERS SSC DS1210

Accentia Tech secures 2.1 mn euro order

New Delhi, Aug 3: Accentia Technologies Ltd today bagged a 2.1 million euros order for its hospital process management software in the UK. ''The initial success of the Hospital Process Management Suite is a major even for our company as getting kick-started in this products field in European Region was our aim and goal,'' company's Director and CEO Pradeep Suseela Viswambharan said in a statement. With this success the company will further increase its.....

Rupee opens higher at 40.37/38 per USD

Mumbai, Aug 3: Rupee today opened higher by five paise at 40.37/38 per US dollar compared to previous close at 40.42/43 per dollar, tracking gains in Asian stocks and currencies which helped calm worries of capital outflows, dealers said. Later, the partially convertible rupee was at 40.35/36 per dollar, moving up from the last day's close at 40.42/43. It was within striking distance of a nine-year peak of 40.20 hit last week......

Call rates open flat at 0.12 pc

Mumbai, Aug 3 (UNI) Interbank call money rates today resumed steady levels at 0.12 per cent dealers said. Call rates are likely to improve margins in coming days when the hike in Cash Reserve Ratio (CRR) will come effective, dealers said. Later, it fluctuated between 0.10 and 0.15 per cent during noon session. There was thin attendance of brokers due to heavy rainfall in the city since last night, brokers added. UNI.....
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