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Posted

From Bangkok Post / Forbes

50 richest Thais on Forbes list add B28bn

Thailand's 50 richest on the 2021 Forbes list, led by the Chearavanont brothers, did well during the Covid-19 pandemic, with $28 billion added to their combined wealth over the past 15 months.

The Stock Exchange of Thailand index jumped 43% during the period, driven by the prospect of an economic recovery and an uptick in exports. The increase helped boost the combined wealth of the country’s 50 richest by more than 20% to $160 billion.

The ranking of the top five on the list, whose net worth gains made up nearly half of the total increase, remains unchanged.

2021 Forbes Thailand's 50 Richest

The Chearavanont brothers of Charoen Pokphand Group retain their top spot with a net worth of $30.2 billion, up from $27.3 billion last year.

Chalerm Yoovidhya, who shares a $24.5-billion Red Bull fortune with his family, is this year’s biggest dollar gainer. He added $4.3 billion to his wealth and holds onto his position as the second richest.

Charoen Sirivadhanabhakdi of Thai Beverage remains at the third spot, with his fortune rising to $12.7 billion from $10.5 billion last year.

In the fourth place is the Chirathivat family, with $11.6 billion, up by $2.1 billion.

At the 5th is energy tycoon Sarath Ratanavadi, who made headlines in April with a $17-billion bid for Intouch Holdings and its wireless firm Advanced Info Services, Thailand’s biggest mobile operator by revenue. His wealth was up by nearly a third to $8.9 billion.

Overall, 38 of the 50 listees saw wealth gains, including eight who added more than $1 billion each.

The minimum net worth to make the list this year was $737 million, up from $460 million last year.

The top 10 richest in Thailand are:

  1. Chearavanont Brothers; $30.2 billion
  2. Chalerm Yoovidhya; $24.5 billion
  3. Charoen Sirivadhanabhakdi; $12.7 billion
  4. Chirathivat family; $11.6 billion
  5. Sarath Ratanavadi; $8.9 billion
  6. Osathanugrah Family; $3.5 billion
  7. Somphote Ahunai; $3.3 billion
  8. Prasert Prasarttong-Osoth; $3.25 billion
  9. Prachak Tangkaravakoon; $3.2 billion
  10. Chuchat Petaumpai & Daonapa Petampai; $3 billion

https://www.bangkokpost.com/business/2145631/50-richest-thais-on-forbes-list-add-b28bn

Posted
6 hours ago, reader said:

From Bangkok Post / Forbes

Chalerm Yoovidhya, who shares a $24.5-billion Red Bull fortune with his family, is this year’s biggest dollar gainer. He added $4.3 billion to his wealth and holds onto his position as the second richest.

Let's never forget that it is the heir to this fortune who mowed down and murdered the traffic policeman in 2012 and has evaded justice through legal and many illegal means since then. See post #5 here -

 

Posted

Good point. And it seems some in power never tire of "investigating" how Boss escaped the tentacles of the law than actually bringing him to justice. A few days ago yet another probe was announced to investigate mishandling of the case, something long ago established in earlier efforts, but nothing is said of capturing the outlaw.

From Thaiger / BP

Another new panel formed to investigate senior officers, prosecutors in “Boss” case

A new panel has been created to investigate 15 senior police officers, investigators, and public prosecutors, accused of mishandling the hit-and-run case against Red Bull heir, Vorayuth “Boss” Yoovidh­ya. Among those being investigated are 2 police generals and 2 senior police officers. The Bangkok Post reports that all members of the National Anti-Corruption Commission will sit on the newly-created panel.

Vorayuth is wanted for a 2012 hit-and-run case in which a Bangkok policeman lost his life. The Red Bull heir managed to evade justice and somehow fled the country. Due to the high-profile nature of the case, the 9 NACC members have been ordered to investigate the mishandling of the case themselves.

Watcharapol Prasarnrajkit from the NACC has stressed the need for the investigation to be concluded promptly. The National Anti-Corruption Act stipulates that NACC investigations must be concluded within 2 years, although this can be extended to another year if more time is needed.

There are now 2 panels investigating the handling of the case against Vorayuth. The first is a committee formed by the Public Prosecutor Commission, which has already implicated the former deputy attorney-general Nate Naksuk after he decided to drop the charges against the Red Bull heir, a decision that prompted national outrage.

 

Posted
16 hours ago, reader said:

Good point. And it seems some in power never tire of "investigating" how Boss escaped the tentacles of the law than actually bringing him to justice. A few days ago yet another probe was announced to investigate mishandling of the case, something long ago established in earlier efforts, but nothing is said of capturing the outlaw.

From Thaiger / BP

Another new panel formed to investigate senior officers, prosecutors in “Boss” case

A new panel has been created to investigate 15 senior police officers, investigators, and public prosecutors, accused of mishandling the hit-and-run case against Red Bull heir, Vorayuth “Boss” Yoovidh­ya. Among those being investigated are 2 police generals and 2 senior police officers. The Bangkok Post reports that all members of the National Anti-Corruption Commission will sit on the newly-created panel.

Vorayuth is wanted for a 2012 hit-and-run case in which a Bangkok policeman lost his life. The Red Bull heir managed to evade justice and somehow fled the country. Due to the high-profile nature of the case, the 9 NACC members have been ordered to investigate the mishandling of the case themselves.

Watcharapol Prasarnrajkit from the NACC has stressed the need for the investigation to be concluded promptly. The National Anti-Corruption Act stipulates that NACC investigations must be concluded within 2 years, although this can be extended to another year if more time is needed.

There are now 2 panels investigating the handling of the case against Vorayuth. The first is a committee formed by the Public Prosecutor Commission, which has already implicated the former deputy attorney-general Nate Naksuk after he decided to drop the charges against the Red Bull heir, a decision that prompted national outrage.

 

Anyone panel investigating the panels?

Posted
On 7/9/2021 at 5:35 PM, reader said:

Good point. And it seems some in power never tire of "investigating" how Boss escaped the tentacles of the law than actually bringing him to justice. A few days ago yet another probe was announced to investigate mishandling of the case, something long ago established in earlier efforts, but nothing is said of capturing the outlaw.

I suppose if they are seen to be investigating those who completely bungled the arrest (I wonder how much all that cost Boss's family - I'll bet vastly more than the pittance they paid to the murdered officer's widow), some of the public may be conned into thinking they are still investigating Boss. Remember this:

""Do not worry that the case will end up with leniency simply because it involves a wealthy family," police commissioner Anuchai Lekbamroong told Thai radio news programme 100.5FM

That was quoted on 4 September 2012. Lies from beginning to end.

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