Suchada: Meet the reluctant star of Thailand’s cryptic crypto drama
Thailand’s path to a democratic charter becoming vicious circle
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Thailand’s path to a democratic charter becoming vicious circle
10 Sept 13:44Key points summarised by AI
Thailand's push for a democratic charter rewrite is stalled, with a key amendment bill rejected and the Constitutional Court mandating two public referendums for any new constitution.
Major hurdles include the powerful, junta-appointed Senate, which opposes changes to its authority, and the strict requirement for 84 senatorial votes to pass any constitutional amendment.
Political parties are now proposing chapter-by-chapter amendments and seeking to remove the Senate's voting requirement, while a new civic campaign aims to gather a million signatures for significant changes like abolishing the Senate and reforming independent agencies.
Experts believe fundamental democratic changes, such as curtailing the Senate's power or abolishing the Constitutional Court, are highly improbable under current conditions, predicting continued political conflict.
The only likely constitutional amendment is a change to the voting system, as it could offer mutually beneficial outcomes for both the ruling and opposition parties.
Suchada: Meet the reluctant star of Thailand’s cryptic crypto drama
Yesterday 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.