Thai PM declares her assets and liabilities

THAILAND - Prime Minister Yingluck Shinawatra, who also holds the Defence portfolio, reported to the National Anti-Corruption Commission (NACC) she has Bt628.6 million (S$25 million) in assets and Bt27 million in liabilities.

She said she had bought a plot of land worth Bt27 million in Bangkok's Bueng Kum area by borrowing from the amount earned from the sale of stocks, which according to the court belongs to her brother Thaksin Shinawatra.

The NACC yesterday published details about the assets and liabilities held by members of Yingluck's fifth Cabinet.

According to the list, Deputy Prime Minister Phongthep Thepkanjana appears to be the richest with Bt3 billion declared in family assets, while his debt is just Bt10, which he said is owed to the bank by his wife.

In the asset declaration submitted to the NACC on June 14, Yingluck's statement said the Supreme Court's Criminal Division on Political Office Holders had ruled that the Bt77 million deposited in Bangkok Bank's Soi Ari branch came from the sale of Thaksin's stocks that are in Yingluck's possession.

However, she said, Thaksin gave her an interest-free loan of Bt27 million, which she withdrew from the Bt77 million deposited in the bank to buy the land on June 22 last year.

As per her declaration, total assets owned by Yingluck and her spouse Anusorn Amornchat showed an increase of Bt60 million.

The prime minister's net worth has risen from Bt541 million reported in 2011 to Bt601 million. Anusorn, who declared Bt369 million in liabilities when Yingluck assumed her prime-ministerial post, did not show any liabilities in his asset declaration.

Anusorn and Yingluck's son Supasek is reported to have Bt1.2 million in assets.

Anusorn's marriage to the prime minister is not registered.