Speculation growing over merger between Bhumjaithai and Kla Tham parties
Suchada: Meet the reluctant star of Thailand’s cryptic crypto drama
2021: Year of powerplays, purges and defections as parties begin countdown to Thai general election
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2021: Year of powerplays, purges and defections as parties begin countdown to Thai general election
13 Sept 07:58Key points summarised by AI
Thai political parties actively prepared for an anticipated general election in the coming year, marked by significant power plays, purges, and defections across the political spectrum.
The main opposition Pheu Thai party underwent a major reorganization, appointing a younger leader and Thaksin Shinawatra's youngest daughter as a senior adviser, signaling a strong intent to win the next election.
The ruling Palang Pracharath Party experienced internal factionalism and attempts to unseat Prime Minister Prayut Chan-o-cha, though he managed to retain his position despite tensions with key party figures.
Changes in electoral rules, including the revival of a two-ballot voting system and adjustments to the Lower House composition, are expected to benefit larger parties like Pheu Thai and Palang Pracharath.
Other parties, such as the opposition Move Forward Party, purged dissident MPs to maintain their progressive image, while new political formations were rumored to be emerging, further shaping the competitive landscape.
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.