MFP leader Pita Limjaroenrat’s wealth disclosure unveils assets of 85 million baht

[snoop1130]

 

The Office of the National Anti-Corruption Commission (NACC) today revealed details of the financial standing of Move Forward Party (MFP) leader Pita Limjaroenrat. The details, intriguing as they are, highlight the scale and spread of his assets and liabilities, which total 85 million baht (US$2.4 million) and 20 million baht (US$573,000) respectively, Sanook reported.

 

Pita’s assets consist of cash totalling 1.8 million baht (US$51,600), bank deposits spread across 27 accounts amounting to 286,045.7 baht (US$8,200), investments valued at 1,346,698.98 baht (US$38,600), and a loan of 15 million baht (US$430,000) lent to Phasin Limjaroenrat, his shared biological sibling. This loan was issued on December 15, 2020.

 

Among the MFP leader’s more tangible assets, he owns a piece of land valued at 18 million baht (US$516,000) in Wang Pong, Pranburi, Prachuap Khiri Khan, spanning 14 acres. He acquired this plot on April 10, 2017. In addition, a condominium in Khlong Thanon, Watthana, Bangkok is part of his wealth, priced at 15 million baht (US$430,000). His mobile assets include an automobile, priced at 2 million baht (US$57,300) and two motorcycles, along with an electric bicycle, totalling 2.14 million baht (US$61,400).

 

In a rather unorthodox revelation, they listed other assets valued at 12,036,990 baht (US$345,000). It includes three mobile phones, 16 suites, 76 neckties, 21 pairs of shoes, 10 wristwatches and eight relics.

 

In terms of liabilities, he has overdrawn 807,414 baht (US$23,000) from his account with the rest, 19,932,762.02 baht (US$572,000), arising from credit guarantees. Pita claimed that he took a loan on April 14, 2020.

 

By Samantha Rose

Caption: PHOTO: Facebook/Pita Limjaroenrat - พิธา ลิ้มเจริญรัตน์

 

#news

Full Story: https://thethaiger.com/hot-news/politics/ex-mp-phitha-limcharoenrats-wealth-disclosure-unveils-assets-of-85-million-baht-2

 

-- © Copyright Thaiger 2023-07-05

 

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[Ben Zioner]

T.I.T

[arithai12]

Eight relics?

 

wow, didn't know they count your wardrobe as an asset. Suddenly I find myself a whole 10,000 B richer.

[h90]

sounds relative boring...nothing too special

[BE88]

He has 27 bank accounts with each a little over 10,000 Baht, strange accounting or maybe not and the future limit of bank accounts where the account will not be emptied by the government?

[zzaa09]

A man of the people and working classes......someone they can relate to. 

Is he? 

 

Same as it ever was. 

[mfd101]

And he has in common with Prawit an interest in watches. Must be a qualification required for the Premiership, punctuality being a national obsession.

[WHansen]

A drop in the ocean compared to many we read about

[pomchop]

37 minutes ago, WHansen said:

A drop in the ocean compared to many we read about

no kidding....2.4 million usd is NOT a lot of $$ for politicians these days....how much do all the coup generals have or do they even bother to disclose pre coup wealth compared to their wealth today?  that would be some interesting figures to take a look at...

[hotchilli]

11 hours ago, mfd101 said:

And he has in common with Prawit an interest in watches. Must be a qualification required for the Premiership, punctuality being a national obsession.

Maybe Pita's are made  by Citizen, Seiko etc.. rather than the more luxurious brands that Prawit borrowed.

[thesetat]

1 hour ago, hotchilli said:

Maybe Pita's are made  by Citizen, Seiko etc.. rather than the more luxurious brands that Prawit borrowed.

borrowed haha... i like your choice of words. You must believe all the that is told to you. 

[bamnutsak]

Ruangkrai will be along shortly to file a claim that Pita possesses three undeclared marigold garlands.

[hotchilli]

17 minutes ago, thesetat said:

borrowed haha... i like your choice of words. You must believe all the that is told to you. 

Airing on the cautious side of not having a deformation case.

[mancub]

Like one of those clever Japanese robot toys ? ????

[mancub]

30 minutes ago, hotchilli said:

Airing on the cautious side of not having a deformation case.

Like one of those clever Japanese robot toys ? ????

[sirineou]

14 hours ago, zzaa09 said:

A man of the people and working classes......someone they can relate to. 

Is he? 

 

Same as it ever was. 

He has a couple of millions USD , Hardly suppers rich, and probably much less wealthy than many others in goverment now.

  In contrast Prayut assets are estimated at  double Pita's assets and he was an army general , as substantial achievement when one considers that his pay in the army was about $34,000 per year. and as PM $43,000 per year

Pita is a Harvard and MIT graduate. IMO he might be to educated for Thai politics. 

As apoint of interest an MIT graduate when working in the US is estimated to earn between $159,000k and  $874,000 , to that add a Harvard degree.....

but the scandal chose instead the opulence and wealth of a Thai prime minister who make about 43,000 usd per year. 

[Caldera]

15 hours ago, snoop1130 said:

bank deposits spread across 27 accounts amounting to 286,045.7 baht

Thais do seem to have a habit of amassing bank accounts with very little kept in most of them (as per BoT stats), but 27 of them? Wow.

[bamnutsak]

15 hours ago, snoop1130 said:

The Office of the National Anti-Corruption Commission (NACC) today revealed details of the financial standing of Move Forward Party (MFP) leader Pita Limjaroenrat.

Has the NACC released the financial disclosures of others? In such detail (number of ties, pairs of shoes)?

 

I looked, couldn't find them, but suspect they are publicly available.

 

NACC

Powers and Duties

Wiki

 

to inspect the accuracy, actual existence, as well as change of assets and liabilities of persons holding positions under Section 259 and Section 264 as stated in the account and supporting documents submitted. Political office-holders as well as high-ranking officials must report their assets before assuming their posts and after they leave the posts. They are not required to declare assets while in office.[9] NACC financial disclosure rules do not apply to National Council for Peace and Order (NCPO) members. Also exempt are members of the NCPO-appointed 200-member National Reform Steering Assembly.[10]

 

https://en.wikipedia.org/wiki/National_Anti-Corruption_Commission_(Thailand)

 

 

[zzaa09]

4 minutes ago, Caldera said:

Thais do seem to have a habit of amassing bank accounts with very little kept in most of them (as per BoT stats), but 27 of them? Wow.

Indeed.

Might wanna keep an eye on this fella. 

My cynical and suspicious side tells me something ain't right. 

 

I'll reserve my slobbering and championing [as many are already] until he's proven sufficient to my satisfaction. 

I'm patient. 

[newnative]

A pauper among the political class.

[bamnutsak]

I've been behind a blue-hair auntie at the update machine when she starts running through at least 20 passbooks (and that's at just one bank) shortly after the first of the month.

 

Surely the total amount is more noteworthy than the number of accounts?

 

But then I need this same level of detail for others, in order to compare/contrast and come up with some sort of valid concern.

 

15 hours ago, snoop1130 said:

bank deposits spread across 27 accounts amounting to 286,045.7 baht (US$8,200)

I'd guess most of us have more than this on deposit? On the plus side, I wouldn't have to file a FBAR with this amount.

 

 

 

[spidermike007]

15 hours ago, zzaa09 said:

A man of the people and working classes......someone they can relate to. 

Is he? 

 

Same as it ever was. 

OH please. This is a man who interrupted his studies at MIT, during an MBA program at Sloan to rescue his father's rice bran oil business, Agrifood, after this fathers death. He was successful, and is paying down the 100 million baht his father borrowed to start the company. This is a serious man. Very unlike the failures before him. He then went back and finished his MBA, at one of the top business schools on the planet. 

Go, Pita, go. We are behind you, proud of you and trust in you. You are giving us real hope, for a change

Let us hope these greedy, toxic, moronic, backwards, incapable nitwits get the message, and back down.

Now, they need to figure out a way to get rid of the corrupt, army appointed senators. ASAP. By whatever means necessary. The youth have prevailed. It is a glorious day in Thailand!

[Grumpy one]

16 hours ago, arithai12 said:

Eight relics?

 

wow, didn't know they count your wardrobe as an asset. Suddenly I find myself a whole 10,000 B richer.

My wife thinks most of my clothing are relics, along with me  ????

[PETERTHEEATER]

19 hours ago, snoop1130 said:

.......16 suites.....

Are these in 5 star Bangkok hotels?

[Ombra]

He loaned 15 million baht to 'his shared biological sibling.' His brother? Or his sister?

[mancub]

4 hours ago, Caldera said:

Thais do seem to have a habit of amassing bank accounts with very little kept in most of them (as per BoT stats), but 27 of them? Wow.

That's a large number of passwords to remember,,,,unless he uses the same one for each !

[Hunz Kittisak]

Why aren’t the other politicians subjected to the same wealth checks? 
I’m sure those will be much more of an eye opener 

[zzaa09]

Everywhere, there are closets to be checked and opened.

Everyone has 'em......

[billd766]

On 7/5/2023 at 6:18 PM, BE88 said:

He has 27 bank accounts with each a little over 10,000 Baht, strange accounting or maybe not and the future limit of bank accounts where the account will not be emptied by the government?

How many bank accounts does Prayuth have and what is his net worth? We will never know as HE refuses to release the details.

 

6 hours ago, Ombra said:

 

 

[billd766]

6 hours ago, Ombra said:

He loaned 15 million baht to 'his shared biological sibling.' His brother? Or his sister?

Does it matter that much to you?

 

It doesn't to me.