The funding trail

12 02 2014

There has been considerable speculation in recent years about the funding for large rallies. In the case of the current crop of anti-democrats, Post Today, and now its English parent, The Bangkok Post has published a leaked list.

The list is apparently from the Centre for Maintaining Peace and Order (CMPO) that claimed to have a list “of 136 firms and individuals said to be funding anti-government protests…”. The leaked list is of just 32 alleged financial backers, made up of 19 companies and 13 individuals.

The 19 companies are: Saha Pathanapibul Plc, Gaysorn Plaza, Siam Paragon Department Store, King Power Group, Dusit Thani Hotel, Siam Intercontinental Hotel, Riverside Hotel, Mitr Phol Group, Wangkanai Group, Boon Rawd Brewery Co, Thai Beverage Plc, Yakult (Thailand) Co, Neptune Co, Thai Namthip Co, Muang Thai Life Assurance Co, Hello Bangkok Co and Metro Machinery Group.

Several of these companies are linked with Princess Sirindhorn. Others are long-established royalist firms with strong links to the monarchy through large donations and other support over many years. Amongst these, Bhirombhakdi family of the Boonrawd Brewery of the Bhirombhakdi family and Charoen Sirivadhanabhakdi’s family are notable. King Power was associated with Newin Chidchob and his support of the last Democrat Party government. It is also a strong supporter of things royal.

The 13 individuals are: Chumpol Suksai, Chalerm Yoovidhya of Red Bull fame, Pramon Suthiwong, Khunying Kallaya Sophanpanich (Bangkok Bank family), Nuanphan Lamsam (Kasikorn Bank family), Wimolphan Pitathawatcha, Dr Pichet Wiriyachitra, Taya Teepsuwan, Sakchai Guy, Krisana Mutitanant, Pol Gen Kitti Rattanachaya, Chitpas Kridakorn [Bhirombhakdi] and Issara Vongkusolkit (with a family worth about $1 billion).

Denial has been the first response (and here):

… PDRC secretary general Suthep Thaugsuban told supporters on Tuesday night that none of the people on the list, except Sakchai Guy, had provided financial support to his political movement.

Mr Suthep said Mr Sakchai donated money generated from selling T-shirts to PDRC.

Mr Pramon, chairman of Toyota (Thailand), also denied any financial involvement with the PDCR. He said he is considering a lawsuit against the CMPO if it officially accused him of funding protests, since as such information would damage his reputation and company.

Boonchai Chokwatana, the chief executive of Thailand’s leading consumer goods producer Saha Pathanapibul Plc, is also considering a defamation case against the CMPO if it formalises the accusation.