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Panthongtae Shinawatra (born December 2, 1979) ( th, พานทองแท้ ชินวัตร; ), nickname Oak, is the only son of former
Thai Prime Minister The prime minister of Thailand ( th, นายกรัฐมนตรี, , ; literally 'chief minister of state') is the head of government of Thailand. The prime minister is also the chair of the Cabinet of Thailand. The post has existed s ...
Thaksin Shinawatra Thaksin Shinawatra ( th, ทักษิณ ชินวัตร; ; ; Chinese: 丘達新; cnr, Taksin Šinavatra; born 26 July 1949), is a Thai businessman, politician and visiting professor. He served in the Thai Police from 1973 to 1987, a ...
. He became a billionaire after having been given a large portion of his father's stock in
Shin Corporation Intouch Holdings PCL ( th, บริษัท อินทัช โฮลดิ้งส์ จำกัด (มหาชน); formerly Shin Corporation) is a Thai holding company which focuses on telecommunication industry. It is the parent ...
which transferred to him shortly before Thaksin ascended to the position of prime minister.


Early life and education

Panthongtae was admitted to the Faculty of Engineering at
Thammasat University Thammasat University (Abbreviation, Abrv: TU th, มธ.; th, มหาวิทยาลัยธรรมศาสตร์, , ) is a public research university in Thailand with campuses in Tha Phra Chan area of Phra Nakhon District near the ...
in 1998. However, he dropped out after one year. In 2000, he enrolled in
Ramkhamhaeng University Ramkhamhaeng University (RU) ( th, มหาวิทยาลัยรามคำแหง) is Thailand's largest public university. It was named in honour of King Ramkhamhaeng the Great of Sukhothai. The university provides an effective and e ...
, an open admission government university, where he studied political science. In August 2002, his studies attracted media attention when he was accused of cheating in an exam. A three-week university investigation concluded that Panthongtae had made a mistake by carrying unrelated notes into the exam room and he was cleared of wrongdoing, yet he automatically failed the political science subject he was sitting. He graduated with a bachelor's degree in 2003.


Careers

An amateur photographer, Panthongtae founded in 2003 a production company called How Come Entertainment (now Voice TV Co. Ltd.), which was awarded an exclusive advertising contract for the
MRT MRT may refer to: Transport Rapid Transit Systems * Mass Rapid Transit (disambiguation) * MRT (Singapore) or Mass Rapid Transit, Singapore * MRT (Bangkok) or Metropolitan Rapid Transit, Thailand * Manila Metro Rail Transit System, Philippine ...
and many other government contracts when his father was prime minister. This caused controversy and drew charges of nepotism, as How Come was a new firm and the advertising concession for the subway had previously been awarded to the long established Triad Networks Company. In early 2006, Panthongtae was involved in his family's sale of Shin Corporation stock to
Temasek Holdings Temasek Holdings (Private) Limited, or simply Temasek, is a Singaporean state holding company owned by the Government of Singapore. Incorporated on 25 June 1974, Temasek owns and manages a total of US$496.59 billion (S$671 billion) in assets u ...
of
Singapore Singapore (), officially the Republic of Singapore, is a sovereign island country and city-state in maritime Southeast Asia. It lies about one degree of latitude () north of the equator, off the southern tip of the Malay Peninsula, borde ...
. Thailand's Securities and Exchange Commission ruled that Panthongtae, as director of Ample Rich Investments (a
shell company A shell corporation is a company or corporation that exists only on paper and has no office and no employees, but may have a bank account or may hold passive investments or be the registered owner of assets, such as intellectual property, or s ...
set up in the
British Virgin Islands ) , anthem = "God Save the King" , song_type = Territorial song , song = "Oh, Beautiful Virgin Islands" , image_map = File:British Virgin Islands on the globe (Americas centered).svg , map_caption = , mapsize = 290px , image_map2 = Brit ...
to control Shin stock), had failed to properly notify the regulators of his holdings in Shin and sale of Shin shares, in transactions that occurred in 2000, 2001 and 2002. Prasong Vinaiphiat, deputy director of the Thailand Securities and Exchange Commission, said: "The case is not severe because Panthongtae did inform the SEC but his report was not totally correct." He was fined 5.982 million
baht The baht (; th, บาท, ; sign: ฿; code: THB) is the official currency of Thailand. It is divided into 100 ''satang'' (, ). The issuance of currency is the responsibility of the Bank of Thailand. SWIFT ranked the Thai baht as the 10th-m ...
(about US$150,000) for three violations of the Securities and Exchange Act. In November 2009, Panthongtae's company Voice TV (formerly How Come Entertainment) launched its own digital TV station of the same name with 300 million baht.


References


"Premier's son graduates"
''
The Nation ''The Nation'' is an American liberal biweekly magazine that covers political and cultural news, opinion, and analysis. It was founded on July 6, 1865, as a successor to William Lloyd Garrison's '' The Liberator'', an abolitionist newspaper tha ...
'', June 24, 2003.
"The How Come subway deal"
2bangkok.com.
"Panthongtae breached reporting regulations - SEC"
''The Nation'', February 24, 2006.


External links


How Come EntertainmentVoiceTV
{{DEFAULTSORT:Shinawatra, Panthongtae
Panthongtae Shinawatra Panthongtae Shinawatra (born December 2, 1979) ( th, พานทองแท้ ชินวัตร; ), nickname Oak, is the only son of former Thai Prime Minister Thaksin Shinawatra. He became a billionaire after having been given a large por ...
Living people 1979 births Manchester City F.C. directors and chairmen
Panthongtae Shinawatra Panthongtae Shinawatra (born December 2, 1979) ( th, พานทองแท้ ชินวัตร; ), nickname Oak, is the only son of former Thai Prime Minister Thaksin Shinawatra. He became a billionaire after having been given a large por ...
Panthongtae Shinawatra Panthongtae Shinawatra (born December 2, 1979) ( th, พานทองแท้ ชินวัตร; ), nickname Oak, is the only son of former Thai Prime Minister Thaksin Shinawatra. He became a billionaire after having been given a large por ...
Panthongtae Shinawatra Panthongtae Shinawatra (born December 2, 1979) ( th, พานทองแท้ ชินวัตร; ), nickname Oak, is the only son of former Thai Prime Minister Thaksin Shinawatra. He became a billionaire after having been given a large por ...