Thailand is ready for its own version of Shark Tank. With a twist! 

This is why so many people believe that the corruption in Thailand continues and widespread. Why are there no investigations of how they obtained the money? Because if you did, then most of this high office corrupt people would fill the prisons. Oh well, there is so many cheating and scamming people in this world, Thailand is just a small part of it and I live here with it. Just don't scam me, don't steal from me and I am fine. It will never change here, at least while I am alive, 55555.

1 hour ago, BKKTRAVELER said:

What a talented investor, my hat off to him for turning an ok salary into a multi million dollars wealth!

 

From what I heard, earning roughly 120k per month while supporting a wife and children makes it hard to own several luxury watches, let alone multiple properties... 

 

My GF's relatives are close to a small local judge who earns about 100K per month, he lives in a small 3MB house he bought a long time ago and owns a car that is at least 20 years old. He has never been abroad and has just put a couple of millions into savings for his kids who are about to graduate university. He must have been doing it all wrong...

 

Nothing else to see here people, keep moving.

Perhaps his wife has a salaried job

I guess he has a lot more than this just as ALL of these lucky important people who are are usually as smart as a squirrel.

 

Just for fun I thought I'd Wiki the English Metropolitan Police Commissioner. His annual salary is roughly 8 times more than this Thai general. But that might be greatly decreased by taxes being higher there than here...wonder if I should compare their job content...Nah, let someone else do that...just for fun.

Where he got all the money ????

14 minutes ago, Neeranam said:

I guess you don't know how much it costs to secure a position as a senior policeman.

Nothing to do with it, but nor do you.

$44,400 becomes $3,100,000 after all living expenses., you tell us how...?

 

 

53 minutes ago, ezzra said:

Only 104 millions, ppfff, peanuts for such position, you'd think that in such job he'd be way more richer just ask Thaksin...

The 104 mil baht is the declared amount, which is the tip of the iceberg ????

Follow the money

Is this the same chap who was getting 50,000bht a month from Chang, as an adviser, that he knew nothing about..?

2 hours ago, Mac Mickmanus said:

All paid for by the people not wearing crash helmets

Or the random stops where an offense is made up.  I had one of those.  That 'tax' cost me 1000 baht. 

2 hours ago, Mac Mickmanus said:

All paid for by the people not wearing crash helmets

No. Inherited?????

3 minutes ago, transam said:

Nothing to do with it, but nor do you.

$44,400 becomes $3,100,000 after all living expenses., you tell us how...?

 

 

Let me put things into perspective, 1 guy I know, the director of my daughters school in Isarn was in court recently for paying 40 million baht for his position. 

 

I know mid level policemen who pay 10 million for a junior position. 

 

This is the way it works here. 

 

 

1 hour ago, anterian said:

What is the reason for the fascination Thais have for expensive watches?

 

Who knows?

Only time will tell!

9 minutes ago, kotsak said:

The 104 mil baht is the declared amount, which is the tip of the iceberg ????

Absolutely, a lot of naive newbies here getting there knickers in a twist of one guys family being worth $3million.

1 hour ago, itsari said:

Any Thai citizen working for 250 baht a day picking fruit must wonder what the devil is going on .

 

It is enough to make you risk picking a couple of buckets of mushrooms

My pensions are the same as his yearly salary before tax !

5 minutes ago, Neeranam said:

Let me put things into perspective, 1 guy I know, the director of my daughters school in Isarn was in court recently for paying 40 million baht for his position. 

 

I know mid level policemen who pay 10 million for a junior position. 

 

This is the way it works here. 

 

 

And where did these people get that sort of money from to start with.....?

1 hour ago, ezzra said:

Only 104 millions, ppfff, peanuts for such position, you'd think that in such job he'd be way more richer just ask Thaksin...

I don't think he made his money from being a policeman. He moved in at the start of the mobile phone business, and made a lot of money from it.

 

Mind you there have been some quite good " but, but, but Thaksin!" posts popping up lately. Quite like old times!

Probably gifted to him by someone whos now dead !

Poor thing!

 

How can he possibly live on that?

Quelle surprise!

 

Would a police chief anywhere else be paid such a pittance?

Who do you think is near the very top of the chain when all those helmet fines work their way up?

 

 

5 minutes ago, transam said:

And where did these people get that sort of money from to start with.....?

You borrow it. There is a highly developed peer to peer lending system available in certain circles.

Money brokers raise the cash - at a significant cost!

3 hours ago, webfact said:

 (...) 1 Rolex watch worth 1.3 million baht, 1 Patek Philippe watch worth 7 hundred thousand baht, 20 guns (...)

I'm sure the watches were loaned to him by wealthy friends, and he has licenses for all his guns...

There is no way this story is accurate. It would be impossible for the national police chief to be worth this little. It is a bottom to top pyramid scheme, and it is likely the local franchisees kick money up the chain. Alot of hidden assets, no doubt overseas. 

It sounds good to be a military man and a senator at the same time these days

9 minutes ago, herfiehandbag said:

You borrow it. There is a highly developed peer to peer lending system available in certain circles.

Money brokers raise the cash - at a significant cost!

.....and have to pay it back and still have a 100+ mil in the bank on $44,400 a year...????

3 hours ago, webfact said:

his 50 year old wife owns 50.2 million baht.

Mmmm… must to be a very good wife.

3 hours ago, webfact said:

The declaration also stated ownership of 25 other assets which included 10 gold bars, worth 2.6 million baht, 1 Rolex watch worth 1.3 million baht, 1 Patek Philippe watch worth 7 hundred thousand baht, 20 guns and 12 amulets, the value of which was not known.

What, no partridge in a pear tree?

104 Million THB at today's spot rate is 

$3,152,470.00 USD,

$4,282,519.00 AUD, 

£2,273,645 Pound Sterling,

€2,686,167 Euros

Not a bad accumulation for someone. 

 

The salary of the police Chief is obviously not able to accumulate that worth on its own in a normal human career span.  I am not sure when he commenced that position, but assume it's not been decades long. 

 

Previous to that would have been lower ranked, lower salary.  

Then there is government income tax applied and cost of living. 

 

Both he and his wife seem to have quite expensive materialistic tastes as revealed in this report.  But there are the wealthy show ponies who like to advertise how fantastic they are (something to do with vanity and narcissism?)

 

A nice bank deposit for the missus and kids.  With so much successful accumulation of wealth, one may ask why they would have such large sums of cash sitting in his wife's named account that is basically half their total worth? 

 

Other sources of claimed legitimate wealth perhaps are: inheritance, he's a very savvy and smart investor, owner of other successful businesses and/or companies, winner of significant Lottery prizes, winner of a significant Casino gamble prize abroad, gifts from generous friends and family,  donations.  

 

I wonder how the audit will go ... 

We could say the same to many expats here too and how they came into possession of their wealth (Thailand the mecca for money laundering in the past.  We can thank the legacy of banks like HSBC for that).