Thai Prime Minister Yingluck Shinawatra has net assets worth 541 million baht (US$17 million), an anti-corruption body said Wednesday, far less than the wealth of her brother Thaksin.
Yingluck’s nine-year-old son has 4.4 million baht while her common law husband declared 76.8 million baht in assets, along with debt of 369.7 million baht, according to the independent National Counter Corruption Commission.
Yingluck, whose assets include property and other investments, is not the richest member of her cabinet — that place goes to science and technology minister Plodprasop Suraswadi with 963 million baht.
Before taking office, Yingluck was president of Thai real estate firm SC Asset Corp, and previously held various positions within her brother Thaksin’s business empire.
In February 2010, Thailand’s Supreme Court confiscated US$1.4 billion of Thaksin’s wealth — more than half his fortune — for abuse of power.
Thaksin, a former telecom tycoon who lives overseas in self-imposed exile, remains a hugely divisive figure in Thailand, where he was convicted of corruption in his absence in 2008.
His “Red Shirt” supporters held two months of opposition protests in Bangkok last year that triggered the worst civil violence in decades and ended in a military crackdown which left more than 90 people dead.
In an attempt to prevent corruption, all Thai politicians must publicly declare their assets to the National Counter Corruption Commission within one month after assuming office, and again after leaving office.
Anyone found to have submitted false asset declarations faces a five-year ban from public office.