NACC reminds Cabinet members to declare assets by Oct 3

[webfact]

NACC reminds Cabinet members to declare assets by Oct 3

BANGKOK, 17 September 2014 (NNT) – The National Anti-Corruption Commission (NACC) has reiterated that all Cabinet ministers are required to file their asset declarations by October 3 before the details are made public in the following month.

Deputy Secretary-General of the NACC Worawit Sukboon has met with the Cabinet in order to clarify the procedures involved in the declaration of their assets and liabilities. He stressed that related documents must be submitted to the NACC within 30 days after their swear-in ceremony or no later than October 3. Afterwards, the acquired information is due to be publicized on November 2.

Besides the ministers themselves, their spouses and children under the legal age must also go through the asset examination process.

As for the prohibition of ministers from holding more than five percent shares in a private company, Mr Worawit noted that exceptions can be made if the ministers notify the NACC of their violation in 30 days after official appointment. The shares must also be transferred to another juristic person appointed as a nominee within 90 days.

Mr Worawit affirmed that the NACC is approaching the asset scrutiny process with the same standard as that used on previous governments. He added that the assets and liabilities of each member of the National Legislative Assembly which were declared earlier are now ready to be disclosed to the public on October 3.

-- NNT 2014-09-17

[bob4you]

Any body else think accuracy will shoot way up this time?

[seajae]

well this is what everyone has been calling for so it should shut the whingers up. Once everyone knows what their assets are there should not be any problems in regard to what they do provided they do not suddenly double their wealth, we can only wait and see.

[Fat Haggis]

I'd go one step further, those Military men who have substantial wealth should be made to declare how they got that wealth in the first place too, as I doubt that a Thai General makes more than a couple of Million baht a year.

[fab4]

I'd go one step further, those Military men who have substantial wealth should be made to declare how they got that wealth in the first place too, as I doubt that a Thai General makes more than a couple of Million baht a year.

Legally................

[rubl]

I'd go one step further, those Military men who have substantial wealth should be made to declare how they got that wealth in the first place too, as I doubt that a Thai General makes more than a couple of Million baht a year.

Pity really, that there are not too many Police Generals in the NLA, Cabinet.

Of course, it would set a good precedent for the politicians to come late next year, to not only declare wealth but also how they got all that.

[Nickymaster]

I'd go one step further, those Military men who have substantial wealth should be made to declare how they got that wealth in the first place too, as I doubt that a Thai General makes more than a couple of Million baht a year.

You mean also reveal all those of-shore accounts and explain how they moved their hard earned money to there? Like Thaksin did?

[FangFerang]

"Mr Worawit affirmed that the NACC is approaching the asset scrutiny process with the same standard as that used on previous governments."

Oh, THAT worked out so well.....

[Chris Lawrence]

Does this include the PM? and Deputy PM?