×
E-PAPER ▾

E-paper

World

Thai junta grants king full control of palace wealth

| | Bangkok

A new law giving Thailand’s king direct control over royal assets worth billions of dollars went into force on Monday, the latest move by an increasingly assertive monarch to consolidate his power.

King Maha Vajiralongkorn inherited one of the world’s great fortunes when he ascended the throne in October following the death of his father Bhumibol Adulyadej who ruled for seven decades.

Thailand’s monarchy is shielded from both criticism and scrutiny by a draconian lese majeste law and does not declare its wealth.

But analysts say the Chakris are one of the world’s wealthiest royal dynasties, with estimates varying between $30-60 billion.

 
 
 
 
 

TOP STORIES

Sunday Edition

View All

‘Assault’ on police driver: Action against Kerala ADGP

17 Jun 2018 | VR Jayaraj | Kochi

In a swift move intended at stemming the protests brewing in the State police force against certain top officials’ ‘feudalistic’ practice of persecuting policemen and camp followers by using them as house servants, the Kerala Government on Saturday removed ADGP Sudesh Kumar, whose daughter was the other day booked for assaulting and verbally abusing his official police driver, from the position of head of the Armed Police Battalion. The action against...

Read More

STATE EDITIONS

View All

CHiPS to hire services of reputed firms for IT management of projects

21 Jun 2018 | Staff Reporter | Raipur

Chhattisgarh Infotech Promotion Society (CHiPS) will empanel reputed IT Program Management and IT Development Services firms for implementing and managing a host of State Government projects. The empanelled firms will be expected to provide manpower resources to undertake IT Program Management and IT Development Services engagements for the Government’s ongoing and new projects, officials informed...

Read More

Page generated in 0.5164 seconds.