Phongthep tops Cabinet rich list with over Bt3 bn in assets

national August 27, 2014 01:00

By The Nation

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The disclosure of assets declared by former Cabinet members has revealed former deputy PM and education minister Phongthep Thepkanjana on top of the rich list with over Bt3 billion in assets. The National Anti-Corruption Commission revealed the informatio

Phongthep’s estimated net assets consists of investments, worth an estimated Bt1.3 billion, plus loaned assets worth an estimated Bt600 million and property estimated at Bt224 million. 
Ex-interior minister Pol Lt-General Chatt Kuldiloke came in second with Bt619 million in net assets – a drop of Bt500 million from when he first took office. This was because litigation by his wife against newly promoted police chief Somyot Poompanmoung, was turned down by Civil Court.
Former deputy prime minister Chalerm Yubamrung’s net assets were reported at Bt171 million.
Niwattumrong Boonsongpaisan, a former minister in the PM’s office, had Bt120 million in net assets.