Two Red-List MPs Declare Vast Wealth From Political Dynasties
Two newly sworn-in MPs from political families declared massive assets: a Pheu Thai list MP and daughter of a former health minister reported 720 million baht in wealth, while a Palang Pracharath MP and nephew of the deputy prime minister r
On August 19, the National Counter Corruption Commission released asset declarations filed on March 15 by newly sworn-in MPs. Nattathida Thepsutin, a Pheu Thai party list MP and eldest daughter of former Health Minister Somsak Thepsutin, declared single status with total assets of 720,101,877 baht and debts of 892,437 baht. Her assets include 1.5 million baht in cash, deposits across 22 accounts worth 61.2 million baht, mutual funds and securities valued at 198.6 million baht, and 297 land plots primarily in northern and central provinces totaling 380 million baht. She owns four residential buildings worth 36.7 million baht, a Toyota Alphard purchased in March worth 2.99 million baht, concessions valued at 34.4 million baht, and luxury items worth 4.6 million baht including 15 designer handbags from Hermes, Chanel, and Kelly, along with Rolex and Patek Philippe watches, diamond rings and earrings, and bracelets. She reported annual income of 13 million baht from salary, rental income, and dividends, with annual expenses of 4.4 million baht.
Peeraphat Ratchakij, a Palang Pracharath MP representing Surat Thani District 1 and nephew of Deputy Prime Minister Pippat Ratchakij, declared combined assets with his wife Thanachporn Kulsophonpong of 62.14 million baht and liabilities of 459,636 baht. Peeraphat's assets total 60.2 million baht, comprising deposits across 14 accounts worth 6.6 million baht, investments of 37.2 million baht largely in family-controlled companies and cryptocurrency trading platforms, a 3.8 million baht loan to Surat FC company, seven land plots in Surat Thani worth 4.9 million baht, and other assets worth 7.7 million baht. His annual income of 7.7 million baht derives from KFC franchise rent, island land rental, shrimp farming, market space rental services, and dividends. His wife Thanachporn declared assets of 1.94 million baht in deposits, investments, vehicles, and other items. Both reported notable assets including a vehicle license plate worth 395,000 baht, four gold bars weighing 10 baht each worth 2.74 million baht, a diamond jewelry set valued at 800,000 baht, and nine branded watches.
