Suchada: Meet the reluctant star of Thailand’s cryptic crypto drama
Cabinet Oks 6th Thai-Lao friendship bridge
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Cabinet Oks 6th Thai-Lao friendship bridge
30 Sept 23:23Key points summarised by AI
The Thai Cabinet approved the construction of the 6th Thai-Lao friendship bridge, a 1-kilometer span estimated at 4.3 billion baht, linking Ubon Ratchathani with Salavan province to enhance border trade.
Additionally, the Cabinet sanctioned major upgrades for Ubon Ratchathani airport, including expanded parking and new passenger facilities, while a study for a dual-track train project in the region is slated to begin in two years.
Suchada: Meet the reluctant star of Thailand’s cryptic crypto drama
Today 15:38Key points summarised by AI
Thai MP Suchada Zhang Thaensap faces intense scrutiny over her husband’s substantial 1.84 billion baht wealth, with opposition lawmakers alleging connections to international scam networks.
A significant portion of her husband, Taiyang Zhang's, declared assets includes a 1.44 billion baht loan to the now-bankrupt cryptocurrency hedge fund Three Arrows Capital, which still owes him 1.34 billion baht.
Opposition MP Rangsiman Rome accused Suchada's husband of links to online scam networks and gambling sites, prompting Suchada to vehemently deny the claims, demand evidence, and file a defamation complaint.
Taiyang Zhang's background includes co-founding Ren Protocol, later sold to Alameda Research (linked to the FTX collapse), and some of his former associates have been convicted in crypto company failures.
Suchada, a former actress and first-time MP, maintains her husband's innocence, while her party leaders have distanced themselves from the allegations, deeming it a private matter.