Red Bull wealth and the missing

28 11 2020

Remember the recent media kerfuffle over the cover-up over the hit-and-run case involving Red Bull scion Vorayuth “Boss” Yoovidhya? The big investigation confirmed what everyone in Thailand already knew: the police and justice system were doing all they could to ease things for the filthy rich Yoovidhya clan. The investigating panel found eight groups of individuals, including police, public prosecutors, members of the junta-installed National Legislative Assembly and other politicians, conspired and committed malpractice that resulted in the dropping of all charges against Vorayuth. Lawyers and witnesses gave false testimony. That’s how the judicial system works for the rich. This is the double standards that are normalized.

None of this has harmed the family.

The Guardian reports that “Red Bull has paid out more than €550m (£493m) to its founders, including the [Yoovidhya] family…”.

The company “has paid €211.4m in annual dividends to the family of Chaleo Yoovidhya, the drink’s inventor, who died in 2012” and €343m to Dietrich Mateschitz, Austria’s richest, who helped make the drink an international phenomenon.

The company “is registered in Austria as Red Bull GmbH” and “sold a record 7.5bn cans of Red Bull last year – almost one for each person on the planet.”

According to the report, “Mateschitz stills owns 49% of the company, while another 49% is shared by 11 members of Chaleo Yoovidhya’s family. The final 2% is owned outright by Chaleo’s eldest son, Chalerm.”

All that wealth was no doubt “useful” in getting the now failed cover-up in place. It probably also keeps Vorayuth living the high life wherever he is. Readers may have noticed that the trail has again gone cold, the regime is silent and the police are apparently ignoring the crime and the “investigation.”


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