Thai king takes control of some $30bn crown assets | 2018-06-16 | daily-sun.com

Thai king takes control of some $30bn crown assets

BBC     16th June, 2018 10:45:27 printer

Thai king takes control of some $30bn crown assets

Thailand's King Maha Vajiralongkorn has been granted full, personal ownership of royal assets thought to be worth at least $30bn (£22bn).

 

The Crown Property Bureau, which controlled the royal fortune on behalf of the monarchy, said it transferred ownership of the assets following a change in the law last year.

 

It means taxes are liable on royal assets for the first time.

 

Maha Vajiralongkorn, 65, became king in December 2016.

 

He succeeded his much-revered father King Bhumibol Adulyadej, who was the world's longest-reigning monarch when he died in October 2016.

 

Thailand has strict lese majeste laws, which ban criticism of the monarchy. The laws have also shielded the royal family from public view and scrutiny.


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