Prime Minister Prayut Chan-o-cha survived a no-confidence vote, but his political standing was significantly weakened by internal dissent within the ruling Palang Pracharath party.
Rumors circulated that party secretary-general Thammanat Prompow orchestrated a plot to unseat Prayut, though analysts suggest his true aim was a ministerial promotion to gain influence over state projects.
Deputy Premier Gen Prawit Wongsuwan intervened to restore party unity, facilitating a meeting between Prayut and MPs, which temporarily eased tensions and secured the PM's vote.
The incident highlights the Palang Pracharath party's fragile nature, built on political benefits rather than ideology, leaving its long-term stability and future uncertain.
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.