Analyst not surprised: "Money plays an important role"
Economic prosperity and political power have long gone hand in hand in Thailand. This is what analyst Yuttaporn Issarachai told AFP after Prime Minister Paetongtarn Shinawatra reported assets worth the equivalent of over four billion kronor.
Issarachai, who works at Sukhothai Thammathirat University, says money plays a big role in flawed democracies like Thailand's.
- It has often justified military intervention, with claims of a lack of transparency.
Paetongtarn Shinawatra's father, the telecom billionaire and former Prime Minister Thaksin Shinawatra, was deposed in a military coup in 2006.
Rich prime minister has luxury watches worth 50 million
Thailand's Prime Minister Paetongtarn Shinawatra is in no need. According to documents submitted to the country's anti-corruption agency, the 38-year-old has assets worth more than four billion kronor, writes The Guardian.
She has nearly 3.5 billion kronor invested, nearly 300 million in bank accounts and cash, and designer items whose combined value is tens of millions. She owns 75 luxury watches worth 50 million and 200 designer handbags worth more than 20 million.
According to the British newspaper, this comes as no shock, since she is the daughter of telecom billionaire and former Prime Minister Thaksin Shinawatra - one of the country's richest people.
Economic prosperity and political power have long gone hand in hand in Thailand. This is what analyst Yuttaporn Issarachai told AFP after Prime Minister Paetongtarn Shinawatra reported assets worth the equivalent of over four billion kronor.
Issarachai, who works at Sukhothai Thammathirat University, says money plays a big role in flawed democracies like Thailand's.
- It has often justified military intervention, with claims of a lack of transparency.
Paetongtarn Shinawatra's father, the telecom billionaire and former Prime Minister Thaksin Shinawatra, was deposed in a military coup in 2006.
Rich prime minister has luxury watches worth 50 million
Thailand's Prime Minister Paetongtarn Shinawatra is in no need. According to documents submitted to the country's anti-corruption agency, the 38-year-old has assets worth more than four billion kronor, writes The Guardian.
She has nearly 3.5 billion kronor invested, nearly 300 million in bank accounts and cash, and designer items whose combined value is tens of millions. She owns 75 luxury watches worth 50 million and 200 designer handbags worth more than 20 million.
According to the British newspaper, this comes as no shock, since she is the daughter of telecom billionaire and former Prime Minister Thaksin Shinawatra - one of the country's richest people.
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