Korn Declared Richest Democrat, While Suthep's Debts The Largest

[webfact]

Korn declared richest Democrat, while Suthep's debts the largest

The Nation

BANGKOK: -- Recently released figures show that former deputy PM Suthep Thaugsuban has the largest number of debts, former finance minister Korn Chatikavanij is the richest, while former justice minister Pirapan Salirathavibhaga owns some interesting things, including three jet-fighter simulators worth Bt54 million.

The National Anti-Corruption Commission yesterday released the asset declarations submitted on August 9 by members of the former Democrat-led Cabinet. They are required by the Constitution to keep the authorities informed about their assets one year after leaving office.

Former prime minister Abhisit Vejjajiva's assets stand at Bt36.75 million, his wife Pimpen's at Bt16.938 million and their children, who are still minors, have assets worth Bt255,330. Their combined assets are worth Bt53.944 million without any debts, compared to Bt54.355 million declared when he left office a year ago. Abhisit had assets worth Bt51.795 million when he took office.

Suthep, meanwhile, was seen as the poorest member of the former Cabinet in terms of outstanding debts, which stand at Bt347.578 million compared to assets worth Bt210.95 million. Upon leaving office a year ago, Suthep declared assets worth Bt95.64 million compared to Bt81.607 million he had upon taking office. The former minister said the huge difference was due to the Bt267.33 million loans he had taken, including Bt248.57 million borrowed from the Islamic Bank of Thailand.

Managing finances

Meanwhile, Korn declared personal assets worth Bt751.78 million, while his wife's assets stand at Bt114.129 million. Their combined assets are worth Bt865.909 million, recording a Bt4.5 million decrease from the amount he declared when leaving office.

The second richest member of the former Cabinet is Chaovarat Chanweerakul, who declared assets worth Bt694.659 million, which combined with his wife's Bt59.577 million totals Bt754.237 million.

The third richest is former deputy finance minister Pradit Pataraprasit, who announced assets worth Bt649.43 million and his wife showed Bt32.08 million. After debts worth Bt253,629, their combined assets are worth Bt681.258 million, showing an increase of up to Bt3.31 million from the Bt678.2 million declared when he left office last year.

Former defence minister General Prawit Wongsuwan announced assets worth Bt79.063 million, recording a sharp increase from the Bt9.39 million he declared a year ago.

Former justice minister Pirapan, meanwhile, announced that he, his wife and his children - all under 20 - had assets worth Bt629.88 million against debts worth Bt12.357 million. His assets include antique furniture, paintings and clocks. He also owns simulators of F-18, F-16 and F-14 fighter jets, worth a total of Bt54 million. The value of his assets has dropped by Bt58.5 million from the value he declared upon leaving office.

Former PM's Office minister Satit Wongnongtaey, his wife and children, who are minors, have assets worth Bt66.119 million and debts worth Bt8.147 million. Their latest assets show a decline of Bt2.585 million compared to the amounts announced last year.

Former transport minister Sophon Saram and his wife own assets worth Bt20.946 million and debts worth Bt4.6 million, recording a drop worth Bt1.9 million compared to the value announced last year.

Former commerce minister Porntiva Nakasai, her spouse and children have assets worth Bt119.33 million and debts worth Bt2.3 million. The former minister's assets include jewellery worth Bt31.6 million. Her total assets have recorded an increase of Bt924,520.

Former tourism and sports minister Chumpol Silapa-archa and his wife's assets total Bt447.44 million and debts Bt8 million. Their assets dropped by Bt2.2 million in a year.

-- The Nation 2012-10-05

[fareastguy]

Three jet fighter simulators worth Bt54 million.. even if that is the price each. must be old as the hills ??

[Theboy]

Three jet fighter simulators worth Bt54 million.. even if that is the price each. must be old as the hills ??

Made by Nintendo maybe ?

[TheKrayTriplet]

Three jet fighter simulators worth Bt54 million.. even if that is the price each. must be old as the hills ??

Made by Nintendo maybe ?

From the OP

He also owns simulators of F-18, F-16 and F-14 fighter jets, worth a total of Bt54 million

In 2006 The Australian bought 2 F18 simulators for US$51.8 million, give or take 750 million baht for One. Seeing as the F18 is still in service, it would be interesting to find out who he bought it from and for how much but as this is The Nation reporting and it involves a democrat MP we're not likely to find out and isn't this

Suthep, meanwhile, was seen as the poorest member of the former Cabinet in terms of outstanding debts, which stand at Bt347.578 million compared to assets worth Bt210.95 million. Upon leaving office a year ago, Suthep declared assets worth Bt95.64 million compared to Bt81.607 million he had upon taking office. The former minister said the huge difference was due to the Bt267.33 million loans he had taken, including Bt248.57 million borrowed from the Islamic Bank of Thailand.

O.P

the definition of a bankrupt? What did he do with those loans, he can't have made a loss on the palm oil scandal, surely?

[Nickymaster]

Thaksin must be laughing at those figures.

His political career has generated a few billion dollars of "income".

Edited October 5, 2012 by Nickymaster

[xkmasada]

Impressive wealth for Abhisit, a man who has never worked a single day in the private sector.

I didn't know that a part-time lecturer at Thammasat made so much money! I'd better apply...

[ricardofel]

They fail to mention how these ministers got so rich prior to entering politics.....legally? Corruption???

[Nickymaster]

Impressive wealth for Abhisit, a man who has never worked a single day in the private sector.

I didn't know that a part-time lecturer at Thammasat made so much money! I'd better apply...

Have you ever received any financial support from your family?

Have you ever inherited something from your family?

Sorry for you.

Edited October 5, 2012 by Nickymaster

[kimamey]

Impressive wealth for Abhisit, a man who has never worked a single day in the private sector.

I didn't know that a part-time lecturer at Thammasat made so much money! I'd better apply...

He's a politician, did you expect him to do it for nothing?

[TheKrayTriplet]

From the OP

Former defence minister General Prawit Wongsuwan announced assets worth Bt 79.063 million, recording a sharp increase from the Bt 9.39 million he declared a year ago.

A sharp increase, I'd say,

about Bt 70 million in sharp increase

in fact. Possibly no link with Abhisits last bumper budget which gave the armed forces

170.2 Billion Baht

, of course not that you'd be able to check it out when

only given five minutes to scan the entire document, which was provided by Democrat MP Suwaroj Palang during a parliamentary deliberation on the defence budget.

The Phea Thai MP (Preechaphon Pongpanich - Ed.) also cast doubt over the purchase of 12 Grippen jets at the combined price of Bt35 billion, whereas the 24 Grippens bought by Romania only cost Bt50 billion. In other words, Thailand paid nearly Bt 3 billion per jet, while Romania paid slightly over Bt 2 billion per unit.

"In addition, there were irregularities in the procurement of 16 helicopters, which resulted in a lawsuit by companies that were left at a disadvantage," he said.

In response, Democrat MP Suwaroj said the defence budget document carried some classified information, so access was restricted.

http://www.nationmul...t-30136241.html

"Access was restricted". That was handy wasn't it?

[Buchholz]

Impressive wealth for Abhisit, a man who has never worked a single day in the private sector.

I didn't know that a part-time lecturer at Thammasat made so much money! I'd better apply...

You'd be far better off with the made-up position of AIS President.

Then your assets would make Abhisit's look puny.

.

[Nickymaster]

From the OP

Former defence minister General Prawit Wongsuwan announced assets worth Bt 79.063 million, recording a sharp increase from the Bt 9.39 million he declared a year ago.

A sharp increase, I'd say,

about Bt 70 million in sharp increase

in fact. Possibly no link with Abhisits last bumper budget which gave the armed forces

170.2 Billion Baht

, of course not that you'd be able to check it out when

only given five minutes to scan the entire document, which was provided by Democrat MP Suwaroj Palang during a parliamentary deliberation on the defence budget.

The Phea Thai MP (Preechaphon Pongpanich - Ed.) also cast doubt over the purchase of 12 Grippen jets at the combined price of Bt35 billion, whereas the 24 Grippens bought by Romania only cost Bt50 billion. In other words, Thailand paid nearly Bt 3 billion per jet, while Romania paid slightly over Bt 2 billion per unit.

"In addition, there were irregularities in the procurement of 16 helicopters, which resulted in a lawsuit by companies that were left at a disadvantage," he said.

In response, Democrat MP Suwaroj said the defence budget document carried some classified information, so access was restricted.

http://www.nationmul...t-30136241.html

"Access was restricted". That was handy wasn't it?

Peanuts compared to the rice buying/selling scam (where access is resticted too). Also very handy.

Edited October 5, 2012 by Nickymaster

[TheKrayTriplet]

Impressive wealth for Abhisit, a man who has never worked a single day in the private sector.

I didn't know that a part-time lecturer at Thammasat made so much money! I'd better apply...

You'd be far better off with the made-up position of AIS President.

Then your assets would make Abhisit's look puny.

.

I'll think you'll find that Yingluck was CEO of AIS. I also think you'll find the president incumbent of the AIS President post, Mr. Wichian Mektrakarn would find your assertation that his post was made up as slightly amusing

(

http://investing.bus...NFO SERVICE PCL

)

Here he is talking about the original 3G plan with his CEO hat on,

I believe there is still some kind of conspiracy, or some kind of movement to try to stop or delay 3G,” said Wichian, 57, who took over as CEO from Yingluck Shinawatra, Thaksin’s sister and Thailand’s current prime minister. “There are still a lot of obstacles. Anything can happen in Thailand.

http://www.businessw...hian-says.html

[Buchholz]

You'd be far better off with the made-up position of AIS President.

Then your assets would make Abhisit's look puny.

.

I'll think you'll find that Yingluck was CEO of AIS.

Try again

Actually, she was in a position that didn't exist until she invented it on her own and one which was dumped once she was no longer connected to her brother's company as its biggest shareholder cum president.

AIS to abolish president's post

Advanced Info Service will eliminate the president's position that is being vacated by Yingluck Shinawatra, the sister of Prime Minister Thaksin Shinawatra, according to a company source.

The source said the decision was made by the Singaporean state investment company Temasek Holdings after taking over AIS's parent company, Shin Corporation.

Ms Yingluck had been the president of AIS since the post was created five years ago on her initiative

[jayboy]

Impressive wealth for Abhisit, a man who has never worked a single day in the private sector.

I didn't know that a part-time lecturer at Thammasat made so much money! I'd better apply...

There should really be two parallel forums, one for people who have bothered to do their homework and one for those who prefer to fire from the hip.There is nothing mysterious about Abhisit's (actually rather modest wealth) given his family background .There are many reasons to criticise him but it's sheer ignorance to suggest he is other than financially clean.

My one question is how property is valued for the purposes of this exercise.Anyone know ?

[virtualtraveller]

As PM, Abhisit only managed to increase his net wealth by 10% during the 2.5 years he had his hands on the cookie jar. As a Thai politician that's a complete FAIL.

[Phatcharanan]

Impressive wealth for Abhisit, a man who has never worked a single day in the private sector.

I didn't know that a part-time lecturer at Thammasat made so much money! I'd better apply...

Seeing as how he pretty much studied and taught at Uni's (degrees from the UK) until late 20's.........he then entered politics at aged 28.

His father is a Director of CP in Thailand.

Family has money.

[rixalex]

Impressive wealth for Abhisit, a man who has never worked a single day in the private sector.

I didn't know that a part-time lecturer at Thammasat made so much money! I'd better apply...

There should really be two parallel forums, one for people who have bothered to do their homework and one for those who prefer to fire from the hip.There is nothing mysterious about Abhisit's (actually rather modest wealth) given his family background .There are many reasons to criticise him but it's sheer ignorance to suggest he is other than financially clean.

Indeed. I am frankly baffled at how anyone can think combined family assets of 50m for a former PM is anything but peanuts. There are condos being sold in Bangkok for more than that.

[smutcakes]

Buchholz,

Not sure who your 'source' was for that, but it is clearly wrong. If you took the time to look at AIS PLC's company accounts and management team, you would see that from 1993-1996 a Mr. Somprasong Boonyachai was President of AIS, and from 2006 to at least 2008, Mr. Wichian Mektrakarn was President of AIS, so unless your 'source' (which i noted is just quoted from another poster) knows more about AIS than the people who work there and publish the official public audited accounts- then i would suggest that you are simply spreading lies regarding YS position at the company.

[whybother]

Buchholz,

Not sure who your 'source' was for that, but it is clearly wrong. If you took the time to look at AIS PLC's company accounts and management team, you would see that from 1993-1996 a Mr. Somprasong Boonyachai was President of AIS, and from 2006 to at least 2008, Mr. Wichian Mektrakarn was President of AIS, so unless your 'source' (which i noted is just quoted from another poster) knows more about AIS than the people who work there and publish the official public audited accounts- then i would suggest that you are simply spreading lies regarding YS position at the company.

Who was president before 2006?

[Thai at Heart]

his wife and his children - all under 20

Isn't there a law against this?

[smutcakes]

Buchholz,

Not sure who your 'source' was for that, but it is clearly wrong. If you took the time to look at AIS PLC's company accounts and management team, you would see that from 1993-1996 a Mr. Somprasong Boonyachai was President of AIS, and from 2006 to at least 2008, Mr. Wichian Mektrakarn was President of AIS, so unless your 'source' (which i noted is just quoted from another poster) knows more about AIS than the people who work there and publish the official public audited accounts- then i would suggest that you are simply spreading lies regarding YS position at the company.

Who was president before 2006?

YS was President for a time- which is the point I was making. Buccholz said there was no President before she made the position up, and no President after she left, which is patently untrue given there is a listed President in 93-96 before she had the position and also one after she had the position, so what he has written is completely incorrect.

[Nickymaster]

As PM, Abhisit only managed to increase his net wealth by 10% during the 2.5 years he had his hands on the cookie jar. As a Thai politician that's a complete FAIL.

Thaksin can make billions a year when in power. And now Yingluck is helping him. A solid stream of income for the Shins for the last decade.

[arthurwait]

Impressive wealth for Abhisit, a man who has never worked a single day in the private sector.

I didn't know that a part-time lecturer at Thammasat made so much money! I'd better apply...

There should really be two parallel forums, one for people who have bothered to do their homework and one for those who prefer to fire from the hip.There is nothing mysterious about Abhisit's (actually rather modest wealth) given his family background .There are many reasons to criticise him but it's sheer ignorance to suggest he is other than financially clean.

My one question is how property is valued for the purposes of this exercise.Anyone know ?

Very lowly looking at those amounts. I can't believe people in that position haven't invested in a lot more.

[arthurwait]

his wife and his children - all under 20

Isn't there a law against this?

If there is then some TV members should be worried.

[Thai at Heart]

As PM, Abhisit only managed to increase his net wealth by 10% during the 2.5 years he had his hands on the cookie jar. As a Thai politician that's a complete FAIL.

Some would say he isn't very good at being a Thai politician at all.

[Buchholz]

Buchholz,

Not sure who your 'source' was for that, but it is clearly wrong. If you took the time to look at AIS PLC's company accounts and management team, you would see that from 1993-1996 a Mr. Somprasong Boonyachai was President of AIS, and from 2006 to at least 2008, Mr. Wichian Mektrakarn was President of AIS, so unless your 'source' (which i noted is just quoted from another poster) knows more about AIS than the people who work there and publish the official public audited accounts- then i would suggest that you are simply spreading lies regarding YS position at the company.

I'm not spreading "lies," I'm quoting news articles.

The "another poster" was the News Forum Moderator at the time of his posting the news article in the Thailand News Forum thread:

AIS President Resigns

http://www.thaivisa....sident-resigns/

What are your sources and links?

[smutcakes]

Buchholz,

Not sure who your 'source' was for that, but it is clearly wrong. If you took the time to look at AIS PLC's company accounts and management team, you would see that from 1993-1996 a Mr. Somprasong Boonyachai was President of AIS, and from 2006 to at least 2008, Mr. Wichian Mektrakarn was President of AIS, so unless your 'source' (which i noted is just quoted from another poster) knows more about AIS than the people who work there and publish the official public audited accounts- then i would suggest that you are simply spreading lies regarding YS position at the company.

I'm not spreading "lies," I'm quoting news articles.

The "another poster" was the News Forum Moderator at the time of his posting the news article in the Thailand News Forum thread:

AIS President Resigns

http://www.thaivisa....sident-resigns/

What are your sources and links?

My sources are the AIS PLC listed audited accounts which are available to the public.

For such a relentless trawler and poster of newspaper articles and other web based news outlets, I would have thought you would verify your facts before posting them if you want to maintain credibility in how people view your opinions.

[Buchholz]

Buchholz,

Not sure who your 'source' was for that, but it is clearly wrong. If you took the time to look at AIS PLC's company accounts and management team, you would see that from 1993-1996 a Mr. Somprasong Boonyachai was President of AIS, and from 2006 to at least 2008, Mr. Wichian Mektrakarn was President of AIS, so unless your 'source' (which i noted is just quoted from another poster) knows more about AIS than the people who work there and publish the official public audited accounts- then i would suggest that you are simply spreading lies regarding YS position at the company.

I'm not spreading "lies," I'm quoting news articles.

The "another poster" was the News Forum Moderator at the time of his posting the news article in the Thailand News Forum thread:

AIS President Resigns

http://www.thaivisa....sident-resigns/

What are your sources and links?

My sources are the AIS PLC listed audited accounts which are available to the public.

For such a relentless trawler and poster of newspaper articles and other web based news outlets, I would have thought you would verify your facts before posting them if you want to maintain credibility in how people view your opinions.

LOL....

so no links to verify your trawl?

They are not "my facts"... they are those of the news media source I quoted in the linked thread. If you have a problem with their information, you should contact them.

btw, from AIS Annual Report, it would seem that Metrakarn was made president in 2008 (two years after the date of the article).

http://investor.ais.co.th/Document/Annual_report/014ManagementyStructureandGoodCorporateGovernance.pdf

.

[TheKrayTriplet]

Try again

Actually, she was in a position that didn't exist until she invented it on her own and one which was dumped once she was no longer connected to her brother's company as its biggest shareholder cum president.

unattributed post removed

What, more unattributed posts bucholz, becoming quite the habit.