SRT to seek Cabinet help in 25-billion-baht Hopewell compensation

13 Sept 14:22 Key points summarised by AI

The State Railway of Thailand (SRT) will ask the Cabinet for assistance to pay a 25 billion baht breach of contract compensation to Hopewell Holding Company, as the SRT cannot afford the payment due to its 120 billion baht debt.
This compensation, including 12 billion baht principal and 13 billion baht interest, follows a Supreme Administrative Court order for the illegal termination of the Hopewell project, which was originally terminated by the government in 1997.

Suchada: Meet the reluctant star of Thailand’s cryptic crypto drama

Today 15:38 Key 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.