PM Paetongtarn Denies Allegations of Concealing 4.4 Billion Baht

[webfact]

FILE PHOTO - Thailand's Prime Minister-designate Paetongtarn Shinawatra, with members of Pheu Thai party talks to reporters during a press conference at Pheu Thai party headquarters in Bangkok, Thailand, Friday, Aug. 16, 2024. (AP Photo/Wason Wanichakorn)

 

Prime Minister Paetongtarn Shinawatra has firmly denied accusations of concealing a staggering 4.4 billion Baht in cash, allegedly linked to her father, Thaksin Shinawatra, the influential Pheu Thai figurehead.

 

Addressing reporters at Government House today, Paetongtarn assured that her financial declarations to the National Anti-Corruption Commission (NACC) were complete and accurate. She emphasised the transparency of her reports, dismissing claims of hiding familial wealth.

 

The prime minister explained that a significant portion of her financial figures stem from "borrowings" tied to family members, including her mother, Podjaman na Pombejra, brother Panthongtae Shinawatra, and sister Pintongta Kunakornwong. However, she chose not to divulge details regarding the utilisation of the borrowed funds.

 

According to the NACC, Paetongtarn's financial disclosures reveal assets amounting to 13.8 billion Baht, with liabilities totalling 4.4 billion Baht, aligning with the "borrowed" sums from her family circle.

Her wealth portfolio comprises diverse holdings, including 1.08 billion Baht in bank deposits, 358 million Baht in property and concession rights, and 583 million Baht in real estate. Notably, her portfolio also features property holdings worth approximately 30 million Baht in Japan's Hokkaido prefecture and 9.9 million Baht in Khlong Luang, Pathum Thani.

 

The prime minister's assets extend to an impressive collection of 23 luxury vehicles, including a Bentley priced at 10.6 million Baht, a Rolls-Royce valued at 6.7 million Baht, and a Tesla car worth 3.19 million Baht.

 

These allegations come in the wake of historical scrutiny faced by her father, Thaksin Shinawatra, who governed Thailand from 2001 until his ousting in a coup in 2006.

 

Previously, Thaksin faced accusations involving the concealment of 46 billion Baht, charges from which he was narrowly exonerated by the Constitutional Court. In an 8:7 ruling, the court acknowledged discrepancies in asset arrangements totalling 76 billion Baht but concluded there was no premeditated intent to deceive, thus dismissing the case.

 

As Paetongtarn deals with these high-stakes allegations, her emphasis on transparency and adherence to official processes underscores her commitment to integrity as Thailand's prime minister, reported Thai Newsroom.

 

-- 2025-01-13

 

 

[Pouatchee]

dang... I guess she can buy herself outta that one. no wonder the elections are rigged and bought here. 

 

7 minutes ago, webfact said:

4.4 billion Baht, aligning with the "borrowed" sums from her family circle.

 

I guess what this means is cash on hand to buy voters support...

[Jim Blue]

A billion baht ain't what it used to be !

[ikke1959]

Not enough money of her own and she must borrow 4,4 billion THB more??? Bit awkward. Same case as the watches of Prawit... borrowed from a dead friend...

[tomazbodner]

4 hours ago, webfact said:

Previously, Thaksin faced accusations involving the concealment of 46 billion Baht, charges from which he was narrowly exonerated by the Constitutional Court. In an 8:7 ruling, the court acknowledged discrepancies in asset arrangements totalling 76 billion Baht but concluded there was no premeditated intent to deceive, thus dismissing the case.

True representatives of the poor people. It was completely no intent to deceive by forgetting about that pocket change of 46 billion baht. I mean everyone carries that in the coin pocket of their wallets all the time. Easy mistake to make...

 

If I could have an opinion here: if any politician or public servant "forgets" to declare assets, then those are of no value to them and should be confiscated by the state, and handed over to revenue department to be used for programs benefiting the public or paying off government debt.

[Artisi]

6 hours ago, Jim Blue said:

A billion baht ain't what it used to be !

Pocket money for her kids school lunches. 

[Geoffggi]

11 hours ago, webfact said:

Prime Minister Paetongtarn Shinawatra has firmly denied accusations of concealing a staggering 4.4 billion Baht in cash, allegedly linked to her father, Thaksin Shinawatra, the influential Pheu Thai figurehead.

Oh! that's ok then didn't realise it was part of the Shinawatras dynasty portfolio, I'm sure it has been gained legitimately and just slipped your memory .........LOL

[hotchilli]

11 hours ago, webfact said:

The prime minister explained that a significant portion of her financial figures stem from "borrowings" tied to family members, including her mother, Podjaman na Pombejra, brother Panthongtae Shinawatra, and sister Pintongta Kunakornwong. However, she chose not to divulge details regarding the utilisation of the borrowed funds

So trying to hide family wealth by saying it's not hers she only borrowed it  ?

Where have I heard a similar story to that?

[Srikcir]

Does she have any assets under the "Tony Woodsome" accounts?

[Srikcir]

11 hours ago, Jim Blue said:

A billion baht ain't what it used to be !

True

Baht vs USD  https://fred.stlouisfed.org/data/EXTHUS:

2012-12-01   30.6155

2024-12-01   34.1433

[soalbundy]

I wonder where all that money came from, Thaksin didn't do too badly for a policeman did he.

[Ben Zioner]

She wouldn't last one day in most European countries. With a few exceptions, like UK where money has become king.

[sammieuk1]

Wonder who else can have a go at being PM.. Oh yes! the one that got elected 🤔

[JoePai]

1 hour ago, soalbundy said:

I wonder where all that money came from, Thaksin didn't do too badly for a policeman did he.

Overtime ?

[Gandtee]

13 hours ago, webfact said:

FILE PHOTO - Thailand's Prime Minister-designate Paetongtarn Shinawatra, with members of Pheu Thai party talks to reporters during a press conference at Pheu Thai party headquarters in Bangkok, Thailand, Friday, Aug. 16, 2024. (AP Photo/Wason Wanichakorn)

 

Prime Minister Paetongtarn Shinawatra has firmly denied accusations of concealing a staggering 4.4 billion Baht in cash, allegedly linked to her father, Thaksin Shinawatra, the influential Pheu Thai figurehead.

 

Addressing reporters at Government House today, Paetongtarn assured that her financial declarations to the National Anti-Corruption Commission (NACC) were complete and accurate. She emphasised the transparency of her reports, dismissing claims of hiding familial wealth.

 

The prime minister explained that a significant portion of her financial figures stem from "borrowings" tied to family members, including her mother, Podjaman na Pombejra, brother Panthongtae Shinawatra, and sister Pintongta Kunakornwong. However, she chose not to divulge details regarding the utilisation of the borrowed funds.

 

According to the NACC, Paetongtarn's financial disclosures reveal assets amounting to 13.8 billion Baht, with liabilities totalling 4.4 billion Baht, aligning with the "borrowed" sums from her family circle.

Her wealth portfolio comprises diverse holdings, including 1.08 billion Baht in bank deposits, 358 million Baht in property and concession rights, and 583 million Baht in real estate. Notably, her portfolio also features property holdings worth approximately 30 million Baht in Japan's Hokkaido prefecture and 9.9 million Baht in Khlong Luang, Pathum Thani.

 

The prime minister's assets extend to an impressive collection of 23 luxury vehicles, including a Bentley priced at 10.6 million Baht, a Rolls-Royce valued at 6.7 million Baht, and a Tesla car worth 3.19 million Baht.

 

These allegations come in the wake of historical scrutiny faced by her father, Thaksin Shinawatra, who governed Thailand from 2001 until his ousting in a coup in 2006.

 

Previously, Thaksin faced accusations involving the concealment of 46 billion Baht, charges from which he was narrowly exonerated by the Constitutional Court. In an 8:7 ruling, the court acknowledged discrepancies in asset arrangements totalling 76 billion Baht but concluded there was no premeditated intent to deceive, thus dismissing the case.

 

As Paetongtarn deals with these high-stakes allegations, her emphasis on transparency and adherence to official processes underscores her commitment to integrity as Thailand's prime minister, reported Thai Newsroom.

 

-- 2025-01-13

 

 

I love the last paragraph.

[fondue zoo]

 

Every week it seems they come up with something new to throw to see if it sticks.

Tick Tock House of Shinawatra, there are sharks circling.

[newbee2022]

13 hours ago, webfact said:

FILE PHOTO - Thailand's Prime Minister-designate Paetongtarn Shinawatra, with members of Pheu Thai party talks to reporters during a press conference at Pheu Thai party headquarters in Bangkok, Thailand, Friday, Aug. 16, 2024. (AP Photo/Wason Wanichakorn)

 

Prime Minister Paetongtarn Shinawatra has firmly denied accusations of concealing a staggering 4.4 billion Baht in cash, allegedly linked to her father, Thaksin Shinawatra, the influential Pheu Thai figurehead.

 

Addressing reporters at Government House today, Paetongtarn assured that her financial declarations to the National Anti-Corruption Commission (NACC) were complete and accurate. She emphasised the transparency of her reports, dismissing claims of hiding familial wealth.

 

The prime minister explained that a significant portion of her financial figures stem from "borrowings" tied to family members, including her mother, Podjaman na Pombejra, brother Panthongtae Shinawatra, and sister Pintongta Kunakornwong. However, she chose not to divulge details regarding the utilisation of the borrowed funds.

 

According to the NACC, Paetongtarn's financial disclosures reveal assets amounting to 13.8 billion Baht, with liabilities totalling 4.4 billion Baht, aligning with the "borrowed" sums from her family circle.

 

Her wealth portfolio comprises diverse holdings, including 1.08 billion Baht in bank deposits, 358 million Baht in property and concession rights, and 583 million Baht in real estate. Notably, her portfolio also features property holdings worth approximately 30 million Baht in Japan's Hokkaido prefecture and 9.9 million Baht in Khlong Luang, Pathum Thani.

 

The prime minister's assets extend to an impressive collection of 23 luxury vehicles, including a Bentley priced at 10.6 million Baht, a Rolls-Royce valued at 6.7 million Baht, and a Tesla car worth 3.19 million Baht.

 

These allegations come in the wake of historical scrutiny faced by her father, Thaksin Shinawatra, who governed Thailand from 2001 until his ousting in a coup in 2006.

 

Previously, Thaksin faced accusations involving the concealment of 46 billion Baht, charges from which he was narrowly exonerated by the Constitutional Court. In an 8:7 ruling, the court acknowledged discrepancies in asset arrangements totalling 76 billion Baht but concluded there was no premeditated intent to deceive, thus dismissing the case.

 

As Paetongtarn deals with these high-stakes allegations, her emphasis on transparency and adherence to official processes underscores her commitment to integrity as Thailand's prime minister, reported Thai Newsroom.

 

-- 2025-01-13

 

 

Geez,

Get on with your life. Everybody could forget the lump sum of 4 billion Baht.

Could have happened to everybody of us, isn't it?😀

[lordgrinz]

A billion baht here, a billion baht there, come on guys it's hard to keep track of your money (Daddy's hidden ill-gotten gains).

[lordgrinz]

14 hours ago, webfact said:

As Paetongtarn deals with these high-stakes allegations, her emphasis on transparency and adherence to official processes underscores her commitment to integrity as Thailand's prime minister, reported Thai Newsroom.

 

There isn't Shin in history that has/had any integrity. 

[Justanotherone]

daddy run after being ousted for not paying tax on his billions of dollars

 

did she pay taxes on the 'gift' of a few billion dollars?  probably not

[redwood1]

5 hours ago, Justanotherone said:

daddy run after being ousted for not paying tax on his billions of dollars

 

did she pay taxes on the 'gift' of a few billion dollars?  probably not

 

Yea all this talk of taxing expat pensioners with a very modest income......And  the stinking rich cant even keep up with where all their billions are that they no doubt have never paid a single baht in taxes on....

[Luuk Chaai]

 

should have spent it on hiring Pat McGrath