PM Paetongtarn Seeks Extension on Asset Declaration

[webfact]

Picture courtesy: Siam Rath

 

Prime Minister Paetongtarn Shinawatra has requested an extension for submitting her asset and liability declaration to the National Anti-Corruption Commission (NACC), citing the need for a thorough review as the primary reason.

 

The deadline, originally set for November 5, has placed time constraints on the Prime Minister, necessitating additional care in compiling the information.

 

In her request to the NACC, Paetongtarn emphasised the importance of accuracy and diligence in the declaration process. Her family is reportedly assisting her in ensuring that all details are correctly documented and submitted in due course.

 

The Prime Minister reassured the public and authorities that the necessary steps are being taken to meet the required transparency standards.

 

However, when questioned about the transfer or sale of financial shares to her mother and sister, Thailand's Prime Minister was less forthcoming.

 

She opted not to provide specific answers, instead indicating that her husband and sister were in charge of the legalities surrounding the shares and would divulge details at a later stage.

 

The lack of clarity on the stock transfer issue has raised eyebrows among political commentators and the public. Concerns have been expressed about the implications of such financial manoeuvres and their alignment with transparency principles.

 

Yet, the Prime Minister maintains her commitment to complying with the rules and regulations set forth by the NACC, aiming to complete the declaration with due diligence.

 

The situation has sparked discussions about the transparency of leaders in managing personal and family assets while holding public office. Paetongtarn's request for an extension highlights the challenges faced by officials in balancing personal financial affairs alongside their public duties.

 

As the deadline extension is reviewed, all eyes are on the upcoming detailed declaration and any additional insights it may bring about the Prime Minister's financial dealings, reported Pattaya Mail.

 

-- 2024-11-07

 

 

[lordgrinz]

You were given a deadline, if other people are given a deadline by your administration, will it be granted? Another black mark on your integrity, as if there is any in the Thaksin Criminal Party.

[CallumWK]

I guess the gardener and cleaning staff need their bank accounts sorted first.

[CMHomeboy78]

This corrupt clan are as slippery as eels.

[thesetat2013]

20 minutes ago, lordgrinz said:

You were given a deadline, if other people are given a deadline by your administration, will it be granted? Another black mark on your integrity, as if there is any in the Thaksin Criminal Party.

Come on guys... Give her a break... She needs time to hide dealings that Dad used hiding money with her as well as any money she has been hiding herself. She may not know all the Ass-ets she really has either. She needs time to learn about them so she can display it in a good light. 

[ikke1959]

It seems that all high ranked people don't have a clue what their assets are and how much money they have... There is time enough to look into their books and count their jewellery and watches and cars I believe.. But they need more time to hide things or so... I know what my assets are and how much money I have in a few hours or even minutes.... but  I have nothing to hide

[Geoffggi]

Just needs more time to better hide or transfer her assets

[hotchilli]

3 hours ago, webfact said:

Prime Minister Paetongtarn Shinawatra has requested an extension for submitting her asset and liability declaration to the National Anti-Corruption Commission (NACC), citing the need for a thorough review as the primary reason.

Maybe she needs some more time to shift shares that Daddy gave her in the past to hide his shady dealings?

[sherwood]

She hasn't got a clue.

Thailand at a standstill as usual.

[Srikcir]

4 hours ago, webfact said:

Prime Minister Paetongtarn Shinawatra has requested an extension for submitting her asset and liability declaration to the National Anti-Corruption Commission (NACC),

This should not be the only agency to review A&L. The SEC and Department of Revenue should also be in the review. It's more than a matter of "unusual wealth" but how it was kept and/or disbursed. 

[crazykopite]

Why the need for the extension its just delaying tactics does she have to hide away some of Pappas  baht 

[john donson]

where to dumb all those billions? ahhhh yes, DUBAI

[Mr Meeseeks]

4 hours ago, CallumWK said:

I guess the gardener and cleaning staff need their bank accounts sorted first.

 

Beat me to it.

 

Cake boxes all round. 🎂

[connda]

5 hours ago, webfact said:

Prime Minister Paetongtarn Shinawatra has requested an extension for submitting her asset and liability declaration to the National Anti-Corruption Commission (NACC), citing the need for a thorough review as the primary reason

Ah-huh.  🤔

[Dr B]

She has had nearly three months, and still needs more! With such incompetence how can she p;ossibly run the country?

[scorecard]

14 hours ago, crazykopite said:

Why the need for the extension its just delaying tactics does she have to hide away some of Pappas  baht 

 

Seems to ring a bell that 2 party leaders got banned for not having totally removed all traces of long since defunct shares in no longer operating media companies. 

 

Three months delay on something that her family 'minders' should have already had all nicely tied up.  

[watchcat]

19 hours ago, CMHomeboy78 said:

This corrupt clan are as slippery as eels.

 

Or soaps in the shower.

[Emdog]

Didn't she come from some sort of media career? (My doctor ordered me not to follow Thai politics closely). Surely she has some bits of stock etc floating about which should disqualify her like the hatchet job they did on Pita. And let us not forget the one that got the sack for having a cooking show.

[connda]

21 hours ago, connda said:

Ah-huh.  🤔

These people are billionaires and the public is suppose to believe they don't have an army of accountants who can produce the necessary paperwork?  Well unless...................

[scorecard]

5 hours ago, Emdog said:

Didn't she come from some sort of media career? (My doctor ordered me not to follow Thai politics closely). Surely she has some bits of stock etc floating about which should disqualify her like the hatchet job they did on Pita. And let us not forget the one that got the sack for having a cooking show.

Agree on your initial points but not re the cooking show. He was spending way too much time (shopping for raw materials, planning, recording etc., when he should have been attending to the affairs of state. (Plus there was much comment that the dishes he cooked were very day Thai items nothing special.)

[Patong2021]

On 11/7/2024 at 3:33 AM, Dr B said:

She has had nearly three months, and still needs more! With such incompetence how can she p;ossibly run the country?

Accountants prepare  the documentation and they have most likely asked for additional documents. She most likely has a  large and complex portfolio. The failure to get it right can result in political attacks and accusations of  a false declaration.

[scorecard]

2 hours ago, Patong2021 said:

Accountants prepare  the documentation and they have most likely asked for additional documents. She most likely has a  large and complex portfolio. The failure to get it right can result in political attacks and accusations of  a false declaration.

 

So if they are her long-term professional accountants they should be organized and be continuously monitoring these records to the point where all entitled revenues are received, and all updates of her holdings are recorded promptly, so that a report (as required by law) can be completed accurately and quickly. 

[watchcat]

22 hours ago, connda said:

These people are billionaires

 

If so, why do they work?

[scorecard]

1 hour ago, watchcat said:

 

If so, why do they work?

 

Greed, never enough, they feel important, the glory...

[Emdog]

20 hours ago, scorecard said:

Agree on your initial points but not re the cooking show. He was spending way too much time (shopping for raw materials, planning, recording etc., when he should have been attending to the affairs of state. (Plus there was much comment that the dishes he cooked were very day Thai items nothing special.)

Silly man should have taken up golf... look at this world leader (doubt he could boil water) "President Donald Trump has spent 307 days, almost a full year, golfing during his presidency." works out to about 1/5 of his days in office.

https://seattlemedium.com/donald-trump-spent-almost-a-year-playing-golf-during-presidency/

[Patong2021]

11 hours ago, scorecard said:

 

So if they are her long-term professional accountants they should be organized and be continuously monitoring these records to the point where all entitled revenues are received, and all updates of her holdings are recorded promptly, so that a report (as required by law) can be completed accurately and quickly. 

 

I am not defending her, but the paperwork required for the regulatory declarations of senior politicians is significant. It is not the same as standard accounting, even for a large public company. The declarations and supporting documents can literally multiple file boxes. They still do it by paper in Thailand.  One is not required to provide updated organizational  diagrams, share ownership declarations, statements of ownership interest, detailed listing of assets etc. when filing tax declarations. Sometimes the delay isn't the fault of the accountants, ut of  their professional associations or the courts to provide  complete information. Sometimes  liens or actions have been filed on a property where the politician has an interest, but that person is unaware of, there can be outstanding taxes owed by  assets that have been missed etc. the  bigger and more complex the portfolio, the longer the information gathering process.

 

[scorecard]

1 hour ago, Patong2021 said:

 

I am not defending her, but the paperwork required for the regulatory declarations of senior politicians is significant. It is not the same as standard accounting, even for a large public company. The declarations and supporting documents can literally multiple file boxes. They still do it by paper in Thailand.  One is not required to provide updated organizational  diagrams, share ownership declarations, statements of ownership interest, detailed listing of assets etc. when filing tax declarations. Sometimes the delay isn't the fault of the accountants, ut of  their professional associations or the courts to provide  complete information. Sometimes  liens or actions have been filed on a property where the politician has an interest, but that person is unaware of, there can be outstanding taxes owed by  assets that have been missed etc. the  bigger and more complex the portfolio, the longer the information gathering process.

 

 

So if all of the above is already well known how come her staff haven't prepared. 

[Patong2021]

7 hours ago, scorecard said:

 

So if all of the above is already well known how come her staff haven't prepared. 

 

The PM was appointed on 16 August 2024. Less than than 3 months has passed.  I don't believe thatthe accountants request for additional time is unreasonable. Have you ever done statutory filings for a large multinational? The accountants spend much of the year gathering updated information.

[watchcat]

On 11/7/2024 at 1:56 AM, webfact said:

The deadline, originally set for November 5, has placed time constraints on the Prime Minister, necessitating additional care in compiling the information

 

Why, daddy haven't figured it out yet?

[Patong2021]

20 hours ago, watchcat said:

 

Why, daddy haven't figured it out yet?

 

When you have experience with regulatory filings for large multinational companies,  and/or in filling out the lengthy and detailed questionnaire and supplying the supporting documentation, please come back and criticize.