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Fri, October 20, 2006 : Last updated 20:17 pm (Thai local time)



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Home > Headlines > Kantathi is the wealthiest among new names





Kantathi is the wealthiest among new names

Former Foreign Minister Kantathi Supamongkhon emerged as the wealthiest person when compared to other Thak Rak Thai Party's newcomers in the now defunct Cabinet of ousted Prime Minister Thaksin Shinawatra.

According to the National Counter Corruption Commission's public release of officially declared assets of ministers who were considered new faces in the Thaksin Administration, Kantathi, as of March 14, 2005, owned Bt4.46 billion, mostly in 22 bank accounts and other financial institutes. He also owned 193 plots of lands which are worth about Bt2.8 billion.

He has under his name a Bt24million house and 15 other buildings worth about Bt375 million, according to National Counter Corruption Commission. His wife, Sopawan, owned assets about Bt35.3 million, mostly in banks and financial institutes.

According to Thai law, Cabinet members are required to declare their assets, along with those of their spouses and children under the age of 20, to the NCCC when they start and finish their terms in office.

 Kantathi is the wealthiest when compared to other newcomer ministers, including former PM's Office Minister Suranand Vejjajiva, former Deputy Transportation minister Pumtham Vejchai and former Energy Minister Wiset Jupibarn.

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