Thaksin makes a fortune on Hong Kong mansion

News > Politics

Thaksin makes a fortune on Hong Kong mansion

Published: 29 Jul 2012 at 00.00
Newspaper section: News

The Shinawatra family has been enjoying more than birthday cake in Hong Kong with revelations that a property deal there netted the clan a 75 million baht windfall.

Thaksin Shinawatra has sold his three-storey home in the King's Park Hill estate of Hong Kong, shown in this photo on Saturday from a real estate agent's website, (Homes.Mitula.hk). Thaksin bought the home in 2007 for a reported US$27 million, said to be a record Asia price.

Property filings obtained last week confirm that a 183 million baht mansion in the prestigious King's Park Hill area of Kowloon, owned by Thaksin's daughter Paetongtarn since early 2009, was sold to a Hong Kong private company for 258 million baht early last year - a return of 41%.

This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.

Forum

Your comments

waters
Post : 503
Send message

Discussion 32 : 29 Jul 2012 at 16.0332
Post this to my Facebook
"The former billionaire was in a celebratory mood this week as he marked his 63rd birthday with a bash in a Kowloon hotel, flanked by several hundred Thai political allies."

Did I read that correctly?.....several hundred Thai political allies! All of whom I suppose are breathlessly awaiting for his magnificant return home to Thailand.....stepping out of his private jet on to a red carpet.....effortlessly taking the reigns of power from little sister....and then quietly resuming his plunder of the nation's wealth.

I expect that on the day that he returns home the fortunes of his PT MP and UDD sycophants will skyrocket.
Like dislike 18 people liked / 4 people disliked this comment
englishbob
Post : 2,342
Send message

Discussion 31 : 29 Jul 2012 at 15.3231
Post this to my Facebook
Disc25 Domdunn - I challenge you to write 'Thaksin is innocent of all corruption.'

I don't believe you can do it because you know he is a crook - and there are literally hundreds of skeletons in his closet. But you are prepared to accept a crooked PM because by some twisted logic you think popularity should equal immunity. I respectfully disagree.
Like dislike 26 people liked / 7 people disliked this comment
lazar
Post : 1,511
Send message

Discussion 30 : 29 Jul 2012 at 15.3030
Post this to my Facebook
onlyme Discussion 28 : "why doesn't he just come back and face the "charges"?

No need to....He's having to much fun running the country and it's people into the ground from Dubaii.
Like dislike 25 people liked / 3 people disliked this comment
khunbj
Post : 1,123
Send message

Discussion 29 : 29 Jul 2012 at 15.0829
Post this to my Facebook
D27 You are as usual just making up things at the go, but would not be surprised if you actually believe it.
Like dislike 6 people liked / 20 people disliked this comment
onlyme
Post : 415
Send message

Discussion 28 : 29 Jul 2012 at 14.4428
Post this to my Facebook
Dumdonn- Then why doesn't he just come back and face the "charges"?
Like dislike 25 people liked / 3 people disliked this comment
englishbob
Post : 2,342
Send message

Discussion 27 : 29 Jul 2012 at 14.4027
Post this to my Facebook
Disc26 - I was at the multi shirts and the PAD rallies.
Their favourite chant whenever Red Shirts came to provoke violence (which they did often) was 'Love the country, no need to pay!"
Like dislike 20 people liked / 3 people disliked this comment
khunbj
Post : 1,123
Send message

Discussion 26 : 29 Jul 2012 at 14.0426
Post this to my Facebook
D21 Geoffo, as usual far off the subject here, but since you are so knowledgeable then please tell me this, who paid/pay for the PAD, multicolor and other nationalistic groups roaming around ? Or do you assume that they are not sponsored somehow, that there is nobody behind the scenes with an objective and a clear goal ?
Like dislike 10 people liked / 20 people disliked this comment
domdunnn
Post : 1,147
Send message

Discussion 25 : 29 Jul 2012 at 13.5425
Post this to my Facebook
whatajoke D10

Can you explain why 6 years after the coup and after years of governments run by his enemies the tax charges remain just that, charges? Not convictions, just charges.
Like dislike 17 people liked / 15 people disliked this comment
android
Post : 2,250
Send message

Discussion 24 : 29 Jul 2012 at 13.2224
Post this to my Facebook
Discussion 21 geoffo : To have a sour grape feeling against other's wealth is a normal human behaviour.
Like dislike 9 people liked / 24 people disliked this comment
smiles999
Post : 356
Send message

Discussion 23 : 29 Jul 2012 at 12.5523
Post this to my Facebook
This information should have come from the Opposition examining if any local thai laws have been violated, by those concerned.
Like dislike 6 people liked / 16 people disliked this comment