Former Industry Minister Declares 2.5 Billion Baht in Assets
The National Anti-Corruption Commission released the asset declaration of former Industry Minister Thangkhun Wangbunchongchana, showing 2.5 billion baht in wealth and 1.5 billion baht in spouse investments. Thangkhun reported modest personal assets and liabilities, while his partner, Kathleen Malinenont, disclosed substantial holdings in Thai Solar Energy, foreign bank accounts, real estate in Bangkok and Phuket, and luxury items. The declaration follows his resignation from the ministerial post on April 6, 2026.
Thangkhun reported personal assets of 13.27 million baht, consisting of 50,000 baht in cash, 1.26 million baht in two bank accounts, 160,892 baht in investments, a land plot in Bang Rak Phatthana, Nonthaburi valued at 1 million baht, a two‑storey townhouse in the same area worth 600,000 baht, a vehicle valued at 2.35 million baht, rights and concessions worth 5.2 million baht, and other assets including insurance policies valued at 1.65 million baht. These other assets comprise a 5‑baht gold necklace with five gold‑covered Buddha images (350,000 baht), a Patek Philippe Nautilus watch (200,000 baht), nine bags worth 804,500 baht, and ten worship items and amulets valued at 292,500 baht. His liabilities amount to 1.66 million baht from overdrafts and bank loans, with an estimated annual income of 1.34 million baht and expenses of 1.15 million baht.
Kathleen Malinenont, identified as chairman of Thai Solar Energy Public Company Limited, declared assets of 2.501 billion baht. This includes 1.2 million baht in cash, 70.8 million baht in sixteen domestic bank accounts, and foreign‑currency deposits at UBS, LGT, Citi and DBS in Singapore. Her investments total 1.534 billion baht, comprising shares in Thai Solar Energy (667.68 million baht), BEC World (33.68 million baht), Malinenont Tower (34.81 million baht), Urban Living Estate (36 million baht), Stacon Group (11.07 million baht), and overseas portfolios through UBS, LGT, Citi and DBS exceeding 643 million baht. She also reported loans of 147.72 million baht to GAR Consulting Group, four land plots in Wattana/Klong Toey, Bangkok and Cherng Talay, Phuket worth 336.38 million baht, two residential buildings (one in Cherng Talay, Phuket and one in Klong Toey, Bangkok jointly owned with Pracha Malinenont) valued at 114.89 million baht, rights and concessions worth 147.58 million baht, a provident fund and insurance policies totaling 149.83 million baht, and other assets such as 76 pieces of jewelry (68.07 million baht), 47 watches (50.30 million baht), 126 bags (30.41 million baht), and diamond rings and other ornaments. Her liabilities are 634.33 million baht from overdrafts, bank loans and other debts including court‑ordered obligations, with an estimated annual income of 11.56 million baht (salary 10.21 million baht, meeting fees 1.34 million baht) and expenses of about 6.30 million baht.
