Two MPs on ONACC’s watch list for inflating value of Lek Lai and Buddha amulets in declaration

 

 

The Office of the National Anti-Corruption Commission has placed Palang Thai Rak Thai party leader Kathathep Techadetruangkul, who declared two magnetite pieces as assets worth about one billion baht, on a watch list.

 

Critics have contended that the MP had grossly inflated the value of the two mineral pieces which, are believed by some to possess mysterious properties.

 

National Anti-Corruption Commission (NACC) secretary-general Worawit Sookboon said today that his officials will check the two magnetite pieces, known in Thai as Lek Lai, as well as other overvalued Buddha amulets, to determine their true value.

 

Full story: https://www.thaipbsworld.com/two-mps-on-onaccs-watch-list-for-inflating-value-of-lek-lai-and-buddha-amulets-in-declaration/

 

-- © Copyright Thai PBS 2019-09-23

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Really it should only matter if they under stated the value and in doing so trying to hide their true wealth , over stating true value only shows them as a wanna be .

How to you value a rock?
So I guess if he sells it for 1 Billion no one will suspect corruption?
Wonder if many politicians are selling rocks for cash.
 

1 hour ago, webfact said:

Two MPs on ONACC’s watch list

 Can think of someone else who should've been on their watch list .. dozens of times .. 

 

1 hour ago, webfact said:

 

National Anti-Corruption Commission (NACC) secretary-general Worawit Sookboon said today that his officials will check the two magnetite pieces

 for magnetism .? and what do they do then .. 

15 minutes ago, monkfish said:

So I guess if he sells it for 1 Billion no one will suspect corruption?

Looks like he just did that.

 

 

1975 in USA there was a craze for 'pet rocks'

Rocks from a beach in Mexico painted and sold in 'pet baskets' 

The mind boggles.

Preparing for an insurance claim after theft.

Quote

On 9/23/2019 at 2:26 PM, keith101 said:

Really it should only matter if they under stated the value and in doing so trying to hide their true wealth , over stating true value only shows them as a wanna be .

 

By claiming they have expensive assets, they can later 'sell' them, and, hey presto, they have laundered one billion baht ……..  He must have some lucrative deals on the go …..

Ole Fatty should be on the Watch list!

On 9/23/2019 at 2:34 PM, monkfish said:

Wonder if many politicians are selling rocks for cash.
 

More to the point , how many daft MP's trading cash for stones from someones garden !

On 9/23/2019 at 2:26 PM, keith101 said:

Really it should only matter if they under stated the value and in doing so trying to hide their true wealth , over stating true value only shows them as a wanna be .

Your almost correct but by inflating the value they create a higher value of possessions and can later put them at a lower value and then their increase in possessions is not that high and it looks as if they did not make much money. 

 

But this opens up a whole can of worms if they are going to check things like that.