Thailand’s Prime Minister Paetongtarn Shinawatra has declared more than $400 million in assets, including luxury handbags and watches, as part of a requirement by the National Anti-Corruption Commission. This marks her family’s recurring presence in government and raises questions about financial transparency in Thai politics.
On Friday, Thailand’s Prime Minister Paetongtarn Shinawatra publicly declared assets totaling more than $400 million, as required by the National Anti-Corruption Commission (NACC). Remarkably, her assets include over 200 designer handbags valued at more than $2 million and at least 75 luxury watches worth almost $5 million. This declaration sheds light on the financial profile of the youngest daughter of former Prime Minister Thaksin Shinawatra, who assumed office in September, marking the family’s fourth time leading the government over the last two decades.
According to a publicly posted document, Paetongtarn reported assets amounting to 13.8 billion baht, equivalent to approximately $400 million. Her portfolio encompasses investments worth 11 billion baht, alongside another billion baht in cash and deposits. In addition to the luxury items, her asset declaration features properties located in London and Japan, as well as a significant valuation of 162 million baht for 75 of her watches, highlighting the considerable wealth she possesses in various forms.
Paetongtarn Shinawatra’s declaration of assets is a significant event in Thai politics, particularly given her family’s extensive history in government and business. As the daughter of Thaksin Shinawatra, a telecom tycoon and former Prime Minister who was ousted from power, Paetongtarn’s wealth and the transparency of her financial status are under scrutiny in a country where corruption has been a persistent issue. Her report to the NACC underscores the legal requirements for public officials in Thailand to disclose their assets and liabilities for accountability and transparency in governance.
In summary, Prime Minister Paetongtarn Shinawatra’s recent asset declaration, totaling over $400 million, highlights both her personal wealth and the importance of financial transparency among public officials in Thailand. The inclusion of valuable designer handbags and luxury watches delineates a lifestyle of immense affluence, raising questions regarding the accountability and governance standards expected of leaders. As Thailand continues to navigate its political landscape, such declarations serve to foster greater scrutiny of the financial dealings of its politicians.
Original Source: www.scmp.com
