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Feb. 5, 2006 / 10:51 PM

Protesters rally against Thai leader

BANGKOK, Feb. 5 (UPI) -- Thousands of protesters rallied in Bangkok, demanding the resignation of Thai Prime Minister Thaksin Shinawatra.

At least 15,000 people gathered in Bangkok's Royal Plaza, the BBC reported.

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The protesters are upset over a $1.9 billion deal by Thaksin's family last week to sell their share in the Shin Corp telecoms conglomerate to Singapore's state-owned investment firm, the BBC reported.

Regulators have said Thaksin's son probably broke the law by failing to disclose information about changes in his shareholdings, but the Securities and Exchange Commission said it found no evidence of insider trading.

In a radio address Saturday, Thaksin said he would only resign at the request of Thai King Bhumibol Adulyadej.

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King Bhumibol Adulyadej

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