{"id":10516,"date":"2011-09-28T02:09:16","date_gmt":"2011-09-28T02:09:16","guid":{"rendered":""},"modified":"2011-09-28T02:09:16","modified_gmt":"2011-09-28T02:09:16","slug":"Thai-PM-worth-US-17-million","status":"publish","type":"post","link":"https:\/\/asiancemagazine.com\/?p=10516","title":{"rendered":"Thai PM worth US$17 million"},"content":{"rendered":"

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.<\/strong><\/p>\n

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<\/strong>, according to the independent National Counter Corruption Commission.<\/p>\n

Yingluck<\/strong>, 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.<\/p>\n

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.<\/p>\n

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.<\/strong><\/p>\n

Thaksin<\/strong>, 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.<\/p>\n

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.<\/p>\n

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.<\/p>\n

Anyone found to have submitted false asset declarations faces a five-year ban from public office.<\/strong><\/p>\n

Source AP<\/em>
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