Thai PM front runner Pita Limjaroenrat unfazed by media share controversy

Thailand’s prime minister front-runner Pita Limjaroenrat said in a separate statement on Facebook that the complaint was politically motivated to hurt his candidacy for teh country's top job. - Photo by Reuters

BANGKOK, June 6 (Bloomberg): Thailand’s prime minister front-runner Pita Limjaroenrat said he was prepared to fight a legal complaint over ownership of shares in a defunct media firm, which some analysts say can derail his bid to become the country’s next leader.

Pita, who heads an eight-party coalition of pro-democracy parties that swept the May 14 election, said on Tuesday that he had transferred the shares of ITV Pcl late last month to avoid them being used as a ground to disqualify him for the premier job as attempts were being made to revive the company.