Thailand's Prime Minister Paetongtarn Shinawatra, daughter of former PM Thaksin Shinawatra, declared over $400 million in assets including luxury goods and property, prompting discussions about wealth's influence in Thai politics.
Thailand ’s Prime Minister Paetongtarn Shinawatra declared more than $400 million in assets on Friday, her party said, including more than 200 designer handbags worth over $2 million and at least 75 luxury watches valued at almost $5 million. Paetongtarn, the youngest daughter of telecom billionaire and ex- prime minister Thaksin Shinawatra, took office in September as the fourth member of the clan to lead a Thai government in 20 years.
Paetongtarn was obliged to declare her assets and liabilities to the National Anti-Corruption Commission (NACC). She identified 13.8 billion baht ($400 million) in assets, a document posted on media websites showed. Her investments were worth 11 billion baht and she had another billion baht in deposits and cash, her declaration said. Her other assets included 75 watches valued at 162 million baht and 39 more timepieces, plus 217 handbags worth 76 million baht, as well as property in London and Japan among other holdings. She also declared liabilities of nearly five billion baht, according to the NACC document posted by local media, giving her a net worth of 8.9 billion baht ($258 million). A representative from the Pheu Thai Party confirmed to AFP that the figures reported by Thai media were accurate. Her father and predecessor Thaksin -- who once owned Manchester City football club -- has a net worth of $2.1 billion, according to Forbes, making him the 10th-richest person in Thailand. Thaksin used the wealth generated by his Shin Corp telecommunications empire to propel him into politics, and his family has remained influential even during his years in exile following his ousting in a coup.“In a nation without a fully functioning democracy, money plays a crucial role in political activities,“ Yuttaporn Issarachai of Sukhothai Thammathirat University told AFP. “This has often been the justification for military interventions, with claims of a lack of transparenc
Thailand Politics Wealth Prime Minister Corruption
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Thai Prime Minister Declares Over US$400 Million in AssetsThailand's Prime Minister Paetongtarn Shinawatra declared assets worth over US$400 million, including designer handbags and luxury watches, to the National Anti-Corruption Commission.
Read more »
Thailand benarkan hanya tiga pintu masuk sah dari Kelantan ke ThailandThailand juga mengenakan larangan ketat terhadap rentas sempadan dengan hanya membenarkan pelancong Malaysia menggunakan tiga pintu masuk sahaja dari Kelantan untuk masuk ke negara itu.
Read more »
Thai PM Paetongtarn Shinawatra to Visit Malaysia OfficiallyThai Prime Minister Paetongtarn Shinawatra is set for an official visit to Malaysia to discuss and strengthen bilateral relations between the two coun...
Read more »
Thai PM Paetongtarn Shinawatra's Government Nicknamed 'Pampered by Dad'Thai journalists have given Prime Minister Paetongtarn Shinawatra's administration the nickname “the government pampered by dad” due to the perceived influence of her father, former Prime Minister Thaksin Shinawatra.
Read more »
Anwar Ibrahim Meets Thaksin Shinawatra to Discuss Regional IssuesPrime Minister Anwar Ibrahim met with former Thai Prime Minister Thaksin Shinawatra to discuss critical regional issues, including peace efforts in Southern Thailand and the crisis in Myanmar. Anwar highlighted Thaksin's network and expertise, emphasizing its potential to benefit Malaysia and ASEAN in addressing these challenges. They also exchanged views on strengthening Malaysia-Thailand friendship, aligning with Anwar's recent discussions with Thai Prime Minister Paetongtarn Shinawatra.
Read more »
Anwar Ibrahim Meets Thaksin Shinawatra to Discuss Regional PrioritiesMalaysian Prime Minister Anwar Ibrahim met with former Thai Prime Minister Thaksin Shinawatra to discuss key regional issues including economic revitalization, technological advancement, peace in southern Thailand, and the Myanmar crisis.
Read more »