Home World NewsThailand A Tale of Shares and Political Accountability in Thailand – THAI.NEWS – Thailand Breaking News

A Tale of Shares and Political Accountability in Thailand – THAI.NEWS – Thailand Breaking News

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In the radiant corridors of power where politics and intrigue often dance a tantalizing tango, a story unfolds that has caught the eye of the nation, involving none other than Tourism and Sports Minister Sudawan Wangsuphakijkosol. This saga, a heady mix of law, accountability, and suspense, beckons us to delve deeper into the intricacies of ministerial obligations and the relentless pursuit of transparency.

Enter the stage, political activist Ruangkrai Leekitwattana, armed with a petition that might just untangle this web of mystery. Ruangkrai, with the precision of a skilled detective, has turned to the Election Commission (EC) with a request that whispers of intrigue and constitutional adherence. The heart of this enigma? Whether Minister Sudawan has been playing a dangerous game of musical chairs with her shares in a way that defies the constitutional mandate for ministers.

The Thai constitution, with the stern gaze of a schoolmaster, stipulates in Section 187, a rule as clear as daylight: neither a minister nor their betrothed shall clutch the shares of a commercial venture. This rule, designed to ensure the undivided loyalty of ministers to their public duties, now casts a shadow over Minister Sudawan’s tenure. Should she be found guilt-ridden by a court, she might just find the rug of her ministerial post pulled from under her, courtesy of Section 170.

For those ministers who fancy a flirtation with stockholding benefits, the law extends an olive branch – but only if they dance to its tune. They are to confess their shareholding sins to the National Anti-Corruption Commission within a span of 30 moon cycles (30 days) from the dawn of their ministerial adventure, and entrust their shares to a management firm, akin to sending their beloved off to a boarding school.

Fueling Ruangkrai’s suspicions are two intriguing breadcrumbs left by Ms. Sudawan herself in a list submitted to the NACC, back when the summer winds blew on July 4 last year, heralding her entry as a member of parliament. One trail leads to an enigmatic entry: income from the nebulous sale of shares, with a hefty price tag of 459,364,000 baht, yet with the tantalizing caveat – payment pending. The other trail? Contracts of lending, mirroring the amount, tied to five shadowy share buyers.

This twist in the tale begs the question – has Minister Sudawan truly bid adieu to her shares, or is this a masterful illusion, a sleight of hand designed to skirt around the edges of the shareholding rule? Suspicion bubbles as the spotlight turns to the fact that Ms. Sudawan, upon her ascension to the cabinet in September last year, was spared from the encore performance of submitting her assets and debts list.

Ruangkrai, with a flourish, has passed this conundrum to the EC’s court, to decipher if this absence of payment by the minister’s coronation day reeks of a clandestine attempt to camouflage her shares or to cradle them in the arms of nominees. He paints a portrait of Minister Sudawan not just as a public figure, but as a daughter, indebted to her parents to the tune of 193,725,000 baht, the very parents who emerge again as creditors in this financial drama spun around share sales.

As the curtain rises on this unfolding drama, it beckons us to ponder the delicate balance between private interests and public duty, the thin line that separates transparency from obfuscation. In the grand theater of Thai politics, Minister Sudawan’s tale is more than just a story of alleged financial maneuvering; it’s a litmus test for the integrity of public service, a reminder that in the hallowed halls of governance, accountability is the watchword, and transparency, the beacon.

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