New Democrat MP Declares 15,600 Baht in Assets but 4.5 Million in Debt
A newly elected Democrat MP from Trang reported just 15,600 baht in assets but carries 4.5 million baht in debt, according to anti-corruption disclosures released this week.
The National Anti-Corruption Commission released on August 19 the asset and liability disclosure of a newly elected Member of Parliament filed on March 15. Among the notable first-term MPs examined, Krit Itchaya Phakhainn, a Democrat Party MP for Trang Province District 3, disclosed total assets of just 15,644 baht held across six savings accounts. His total liabilities stand at 4,574,299 baht, comprised of 248,108 baht in overdraft debt, 4,031,488 baht in bank and financial institution loans, and 294,703 baht in other liabilities. Prior to taking office, he worked as a self-employed technical draughtsman and is unmarried.
