Paetongtarn Shinawatra, the prime minister of Thailand, announced on Friday that more than$ 400 million in assets were listed, including designer handbags and opulent watches.
Her social party, Pheu Thai, confirmed the charter to press sources, as reported by AFP. Following regulations, she submitted her financial disclosure to the National Anti-Corruption Commission ( NACC), revealing total assets of 13.8 billion baht ($ 400 million ), as shown in documents circulated on media platforms.
Her collection included payments and cash worth$ 1 billion, as well as assets worth 11 billion. Her riches included 75 pieces valued at 162 million baht, an extra 39 accessories, and 217 bags for 76 million baht, plus qualities in London and Japan.
Shinawatra became the fifth person in her family to guide Thailand in 20 years when she took office in September. Her parents, former Prime Minister Thaksin Shinawatra, is a businessman and the 10th richest man in Thailand, according to Forbes. He accumulated his success through the Shin Corp. telecommunications firm, and he has remained prominent despite being ousted in a coup and residing in banishment.
Economists have made note of the link between power and wealth in Thailand. In a country without a completely functioning democracy, Yuttaporn Issarachai of Sukhothai Thammathirat University stated to AFP,” In a state without a fully functioning politics, money plays a vital role in social activities. This has often been the explanation for military treatments, with promises of a lack of transparency”.
Shinawatra’s father, Srettha Thavisin, declared goods for about 985 million baht when dismissed by the judge in August, down from about 1.02 billion ringgit at the start of his name.
