Re AQ, the company today is listed as having 85 billion shares. So if he had 2 or 2.5 billion a couple years back before distributing them out, he would have qualified as one of the major shareholders at the time with a 2+% holding.

 

 

4 hours ago, fxe1200 said:

I remember, shortly after he took over  the Koh Tao double murder case, he bought shares  for 7.500.000 THB. I can imagine, where that money came from.

shares.pdf

7,500,000 is the number of shares, not what they cost.  Number 3 on that list is his wife, so the total family holding was 10,000,000 shares purchased for THB 360,000,000.  The Wattana Capital shares purchase is a matter of public record.

wattana.pdf

7 minutes ago, IslandLover said:

7,500,000 is the number of shares, not what they cost.  Number 3 on that list is his wife, so the total family holding was 10,000,000 shares purchased for THB 360,000,000.  The Wattana Capital shares purchase is a matter of public record.

wattana.pdf

 

A latter portion of that document actually lists her as a daughter, not wife.

 

 

7.5 or 10 million shares isn't a large enough holding to register on the SET site as being a major shareholder for the successor company, Polaris Capital, where the major shareholder public list ends after a 45+ million share holding.

 

So no way to know if those shares are still held today or were disposed of along the way, AFAIK.

 

Quote

 

Polaris Capital Public Company Limited: Private Company Information ...

https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId...

 

The company primarily develops housing, condominium, and home office projects. It also rents cars. The company was formerly known as Wattana Capital Public Company Limited and changed its name to Polaris Capital Public Company Limited in January 2015. Polaris Capital Public Company Limited is headquartered in ...

 

 

19 minutes ago, TallGuyJohninBKK said:

 

A latter portion of that document actually lists her as a daughter, not wife.

 

 

Sorry, where on that document I posted are you getting this information?  On page 2 it just lists the names, addresses and occupations.  Whether it's his wife or daughter is irrelevant.  It's still one family and 360 million THB is an awful lot of money. 

2 hours ago, TallGuyJohninBKK said:

Oyy... and now, it looks according to this AQ notice filed with the SET, that he later gave some of those same shares to the Victoria Secret guy (500 million shares) and some others with his own same last family name (including his daughter).

 

https://www.set.or.th/set/newsdetails.do?newsId=14521238314270&language=en&country=US

 

        The AQ Estate Public Company Limited would like to inform that Pol.Gen. Somyot
Poopanmoung had distributed shares for the period of November 23, 2015 to
December 8, 2015 in the amount of 1,500 million shares or 11.85 % of total
shares with voting rights for the following individual.
DateDistributed Shares (Shares) List of Shareholder    Percentage
23/11/2015 500 million    Mr.Kampon Veeratepsuporn        3.95
08/12/2015 500 million    Miss Chomkamon Poopanmoung        3.95
08/12/2016 500 million    Mr. Rchta Poopanmoung        3.95

        Therefore, Pol.Gen. Somyot Poopanmoung will hold 500 million shares or 3.95 % 
of total shares with voting rights after distribution shares as stated. This
distribution shares of Pol.Gen. Somyot Poopanmoung is not impact in any control
of company.

 

The spelling is a bit different, but I'd wager that's the same guy as the Victoria's Secret guy, whose name is sometimes spelled in the English news media as " Kampol Weerathepsuporn".

 

This is the one that piques my interest...given the recipient's high profile in the news lately...

 

33 minutes ago, TallGuyJohninBKK said:

 

A latter portion of that document actually lists her as a daughter, not wife.

 

 

7.5 or 10 million shares isn't a large enough holding to register on the SET site as being a major shareholder for the successor company, Polaris Capital, where the major shareholder public list ends after a 45+ million share holding.

 

So no way to know if those shares are still held today or were disposed of along the way, AFAIK.

 

 

OK, now I see it.  The document you posted earlier, dated 4th November 2014, carries this additional information.  The document I posted dated 28th October 2014 doesn't.  In your document it is also the only shareholder whose "relation" is described.  Regardless of whether she's his wife or his daughter, it is still the same family.  On another document you posted, yet another family member would seem to be listed.

 

Quote

Following the military coup of 22 May 2014, Somyot was appointed to the National Legislative Council (NLC). Members are required to reveal their assets and properties to determine if they are "unusually rich". Somyot and his wife's net worth was reported to be about 355.8 million baht (roughly US$11 million). One government critic said that this raised "...questions about how a lifelong career in the public service could have made him a millionaire."^[4]

 

https://en.wikipedia.org/wiki/Somyot_Poompanmoung

 

And yet the Wattana Capital shares grant in 2014 was reported at up to 270 million baht.

 

And the AQ shares purchase also in 2014 was reported at up to 855 million baht, which was held until near the end of 2015.

 

Which again would seem to raise the question of where the funds came from for the AQ purchase, if the abovementioned assets declaration was accurate in 2014.

2 minutes ago, IslandLover said:

 On another document you posted, yet another family member would seem to be listed.

Yes, and I haven't seen any mention anywhere yet of just whom that other mentioned family member is...

11 hours ago, rooster59 said:

most of his income came from share dealings in the stock market that was his own private matter.

Perhaps what he meant to say was most of his income came from share dealings in the flesh market.

 

More truthful perhaps?

26 minutes ago, TallGuyJohninBKK said:

 

This is the one that piques my interest...given the recipient's high profile in the news lately...

 

There's a name for the sort of activity described in the AQ notice filed with the SET.  The first word starts with an "M" and the second word starts with an "L". 

Here's the major shareholders listing from the 2015 annual report of AQ, which appears to show him as a major shareholder with 2.5 million shares as of the end of 2014. But even though they don't say so on the page, I'm guessing they're dropping the last three 000s for each number as is customary on corporate annual reports, which would make his 2.5 consistent with the 2.5 BILLION shares referred to in the other documents. Or they simply made a mistake in listing his amount.

 

See posts #73 (re acquiring the stock) and #77 (re then disposing of a portion of the holding) above.

 

 

http://aqestate.com/wp-content/uploads/2017/04/ANNUAL-REPORT-2015.pdf

Page 55 of the Pdf file

The other major stock involvement with Wattana Capital is described in post #80... But as far as I can tell, there's no confirmation of what kind of purchase was actually made -- after the very large amounts were allocated. And Wattana's last annual report shown on the SET website is for 2013 under the listing of Polaris Capital... So not entirely clear just what transpired in 2014.

 

Whatever happened with the Wattana shares, which soon become Polaris shares, apparently was approved at a board meting on Dec. 8, 2014. In addition to renaming the company then, the board as best as I can tell approved a major increase in capital and approved a private shares placement. But there's no mention of the specific individuals involved. The relevant parts appear to be items 6, 7 and 8.

 

Wattana 12-08-2014 Board Meeting.pdf

 

8 hours ago, xylophone said:

Is this guy the same one who headed the police force when the Koh Tao murders were being investigated? The names seem very similar?

Yes. You perhaps also remember him as the magnanimous gentleman who awarded himself and his buddies the three million baht reward money after the Erawan bombing. 

9 hours ago, Eric Loh said:

Do you have evidence of him paying back?

That question's already been asked but of course I don't, why would I?  Do you have evidence of his not paying it back?

At least he was smart enough not to wear an expensive flashy luxury timepiece on his wrist, for the photo !!!...Perhaps we could also get a look at the right hand ?!!

6 hours ago, scorecard said:

 

Do some research, all mentioned before...

Just as I thought, there is no mention of any amount of profit already on record for him.

3 hours ago, TallGuyJohninBKK said:

Whatever happened...

 

Jesus...you're spending a lot of time proving exactly what he said and was reported in the OP...that he is an investor!   What point are you trying to make with all these confirmations of his investments and support of someone you are trying so hard to knock?

If you go thru the thread, there's a fair bit more detail about his investing activities than provided in the OP, including an additional connection with the Victoria's Secret guy not mentioned in the OP.

 

 

Money made on the SET is (or was) tax free believe it or not.  It seems they treat it as a windfall like some countries treat wins on the lottery or from gambling, which is appropriate for the SET. It is a great way to launder money.
 
This is why Thaksin did not pay any tax on the sale of AIS to the Singaporeans. We know how that has panned out.
 
Now if our policeman had inside information that would be a very different proposition. (Maybe)

I think the law says that if you own shares for more than 5 years and then sell, there is no capital gains tax.
Also I believe that the purchase price of shares is an income tax deduction in the year you bought them.
Will stand correction. Anyone corroborate this?

Sent from my F3116 using Thailand Forum - Thaivisa mobile app

Prawit must be very happy having the lime light swinging in another direction prior to proceed to Premchai's little hunting night with leopard's tail soup. 

Is anybody in this government aware of the fact, that those all those crooks make Thailand look seriously ridiculous with their stealing, lying and lame excusing? 

Even my grand son comes up with better "talking my way out of it" and he just hit his sixth birthday! 

21 hours ago, darksidedog said:

I can't get this niggling doubt out of my mind, that he isn't being entirely truthful.

Does it really matter when we experience on a daily basis what the Thai Police says is right regardless....

RE He said that what he was trying to convey was that most of his income came from share dealings in the stock market that was his own private matter. His police salary was just a minor thing in comparison.

 

If he by himself bought and sold stocks the transactions can easily be traced through his own trading account.

 

BUT if he through others have invested which again has bought and sold stocks through their trading accounts and then paid back to him his invested share plus profit directly in the hand then its impossible to trace hence the expression "share dealings" gives a meaning and when such type of capital gain are tax exempt in Thailand then it was not any surprise that such an explanation was prompt delivered ....

 

https://www.set.or.th/en/regulations/tax/tax_p1.html

Somyot first came to my attention when the Koh Tao murders investigation took an unexpected turn. Then  I read that he'd become the Fifa representative of the Thai Football Association. Now I see he's involved in some financial transactions with the owner of a brothel employing underage /trafficked girls.

For Christ's sake, if it walks, quacks and shits like a duck, then........!

"Ful ofte in game a sooth I have herd saye!" - Chaucer

From all the forensic analysis of this scenario (high ranking copper that is loaded from multiple nefarious activities) one could be led to believe it was unusual.  

4 hours ago, joebrown said:

Somyot first came to my attention when the Koh Tao murders investigation took an unexpected turn. Then  I read that he'd become the Fifa representative of the Thai Football Association. Now I see he's involved in some financial transactions with the owner of a brothel employing underage /trafficked girls.

For Christ's sake, if it walks, quacks and shits like a duck, then........!

It's a walking, quacking, shitting duck?? 

21 hours ago, Just Weird said:

So you're another one who doesn't approve of other people having an opinion differing from theirs, someone who resorts to insults when you have nothing rational to say.

well, I actually posed a question.  I guess you just answered it!

Byt the way, it's only an insult if you're ashamed of being a shill, isn't it?

2 hours ago, saminoz said:

well, I actually posed a question.  I guess you just answered it!

Byt the way, it's only an insult if you're ashamed of being a shill, isn't it?

That may be the case if I was a shill but as I'm not, it isn't.  So your suggestion, which you did not pose as a question but as a rhetorical insult, remains an insult.

 

By the way, it's clear that you don't really know what "shill" means, but then that's hardly a big surprise.

21 hours ago, Just Weird said:

Jesus...you're spending a lot of time proving exactly what he said and was reported in the OP...that he is an investor!   What point are you trying to make with all these confirmations of his investments and support of someone you are trying so hard to knock?

Seems to me that what all this shows is that it is very easy to become extremely wealthy on a civil servants salary, if you are well connected or have your palm greased.  The interesting story would be to determine the economic status of both he and his wife when they were young and at what point they accumulate this wealth?  We obviously don't know the whole story so I won't call it outright corruption but seems that far too many Thai politicians and civil servants, military officers, and the like, become extremely wealthy on rather meager salaries. Unfortunately the establishment protects its own.