Flashermac Posted June 28, 2014 Report Share Posted June 28, 2014 Former prime minister Yingluck Shinawatra's wealth increased by some Bt33 million while she was in office, according to the anti-graft agency. Yingluck was richer by the time she was forced to step down, but other ministers in her Cabinet got poorer, the body said. As of May 7 when she was disqualified from office following a ruling by the Constitutional Court, Yingluck had assets worth Bt601 million and Bt28 million in debt. Her son Supasek Amornchat had assets worth Bt 1.3 million. Yingluck's assets excluded those of her unmarried spouse Anusorn Amornchat, who declared assets worth Bt36 million. Yingluck's wealth is mostly from stocks she holds in many firms, including SC Asset Corporation, which rose in value during her tenure. She also has some cash in a bank account but did not declare a luxury watch, something that former opposition leader Abhisit Vejjajiva mentioned previously during a parliamentary session. Thawatchai Sirithanaphan, chief of asset examination at the National Anti-Corruption Commission, said Yingluck informed the NACC that the watch in question had been sold before she took office but she did not specify the brand or type of the timepiece. Former deputy PM and foreign minister Surapong Tovichak-chaikul had assets worth Bt40.5 million and a debt of Bt3.06 million. His assets declined by a total of Bt11.3 million when he was in office - due to loss of investment and devaluation of his vehicles. Another former deputy PM, also finance minister Kittiratt Na-Ranong, has assets worth Bt58.9 million and debt of Bt1.3 million. His total assets declined by Bt2.81 million compared to when he took office in January 2012. Former deputy PM Plodprasop Suraswadi, who is still the richest among ex-Cabinet members, has assets worth Bt970 million and a debt of Bt2.7 million. His assets increased by Bt4 million compared to when he took office in November 2012. Former labour minister Chalerm Yoobamrung has assets worth Bt171.1 million without any debt. The value of his assets declined by Bt130,000. http://www.nationmultimedia.com/politics/Yinglucks-wealth-rose-by-Bt33m-while-in-office-ant-30237298.html Link to comment Share on other sites More sharing options...
Guest Posted June 29, 2014 Report Share Posted June 29, 2014 The Shinawatra family are experts on making money that's what they do. Link to comment Share on other sites More sharing options...
cavanami Posted June 29, 2014 Report Share Posted June 29, 2014 What modern day politician does not increase their net worth? Take the Clintons (yes, please take them!), they are now multimillionaires! Sorry, but crime does pay. Link to comment Share on other sites More sharing options...
Flashermac Posted June 29, 2014 Author Report Share Posted June 29, 2014 The Shinawatra family are experts on making money that's what they do. Except for the three times Thaksin went bankrupt ... before he got political friends. Link to comment Share on other sites More sharing options...
The_Munchmaster Posted June 29, 2014 Report Share Posted June 29, 2014 Thieves are also experts at "making" money (and losing it when they get caught). Link to comment Share on other sites More sharing options...
robaus Posted June 29, 2014 Report Share Posted June 29, 2014 Former prime minister Yingluck Shinawatra's wealth increased by some Bt33 million while she was in office, according to the anti-graft agency. http://www.nationmul...t-30237298.html Quite frankly that doesn’t smack of corruption at all...actually it's just the opposite!! In fact that’s a pretty ordinary/piss poor return on stock market investments during that period of her office 311 days from 30 June 2013 to 7 May 2014....33 million is about 7.2% annualised on her initial capital of 540 m (601now -28 debt-33 profit). And that includes her salary and dividends. She should have had me as her financial adviser...I do much better than that. If she had had a diversified portfolio instead of a patriotic Thai one and simply used a buy and hold and don't even read the financial pages strategy (not even trading), she could have had a share in... Dow Jones up 10.4% during that same period Aussie top 200 index up 13.7% FTSE up 8.6% Plus her salary and Plus dividends..so add on at least another 5%. Any comparative figures of Abhisit and Suthep’s % increase in net worth during their periods in office.?? Perhaps Prayuth will subject himself to the same scrutiny. Perhaps not...the NACC are obviously still too busy tracking down the watch she sold before she came to office. For comparison's sake that working class hero socialist ex British PM Tony Blair is worth 4 billion baht and Wikipedia makes some interesting reading http://en.wikipedia....nt_by_net_worth...John Key current PM of little ole NZ is worth over 1.2 billion baht! Link to comment Share on other sites More sharing options...
Flashermac Posted June 29, 2014 Author Report Share Posted June 29, 2014 http://en.wikipedia.org/wiki/Tu_quoque Link to comment Share on other sites More sharing options...
robaus Posted June 30, 2014 Report Share Posted June 30, 2014 http://en.wikipedia.org/wiki/Tu_quoque I think you have misunderstood the Tu Quoque fallacy. You are not being accused of corruption. You republished this smear campaign article which disparages Yingluck as some sort of Marie Antoinette figure. And it’s backfired on you. When it comes to corruption it appears Yingluck is as useless as a one legged man in an arse kicking contest. She would have been better off putting all her assets into a blind trust like Obama has to by US law and allowing professional investors to make far more money for her. Link to comment Share on other sites More sharing options...
Flashermac Posted June 30, 2014 Author Report Share Posted June 30, 2014 No, you misunderstood. Tu quoque comes into play when you suggest that the other politicians and Prayuth are the same. They probably are, but that doesn't mean Yingluck is innocent. p.s. The news item has not backfired on me, since I don't give a damn one way or the other about Yingluck. She is history and I suspect you couldn't drag her back into politics with a team of Clydesdales. She never wanted to be in politics in the first place. Link to comment Share on other sites More sharing options...
robaus Posted June 30, 2014 Report Share Posted June 30, 2014 No, you misunderstood. Tu quoque comes into play when you suggest that the other politicians and Prayuth are the same. They probably are, but that doesn't mean Yingluck is innocent. p.s. The news item has not backfired on me, since I don't give a damn one way or the other about Yingluck. She is history and I suspect you couldn't drag her back into politics with a team of Clydesdales. She never wanted to be in politics in the first place. Tu Quoque translates in English as "You also" and refers to the critic being guilty of the criticism himself. I think you'll find that tu quoque fallacy means something similar to "the pot calling the kettle black" eg a heavy smoker suggesting that drug addicts should be jailed or draft dodgers like Bill O'Reilly advocating compulsory national service. >>you suggest that the other politicians and Prayuth are the same [as Yingluck]. ...far from it. I just showed from your cut and paste smear that those figures about her finances do not prove corruption at all...in fact they demonstrate just opposite. >>I don't give a damn one way or the other about Yingluck ... Your almost daily anti Shinawatra posts imply otherwise. Link to comment Share on other sites More sharing options...
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