Transport Minister to continue fight against Hopewell compensation award

13 Sept 17:31 Key points summarised by AI

Transport Minister Saksayam Chidchob announced the Ministry will continue fighting the 24 billion baht compensation award to Hopewell Thailand, despite the Supreme Administrative Court's decision, by pursuing a new case challenging Hopewell's registration legality.
This ongoing legal battle stems from an arbitration order for the state to compensate Hopewell for the cancellation of an 80 billion baht elevated rail and highway project, with Prime Minister Prayut Chan-o-cha instructing the Transport Ministry to resolve the issue while respecting the court's ruling.

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

Yesterday 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.