Thai protesters call on king to give up royal fortune

  • Thousands of Thai protesters called on King Maha Vajiralongkorn on 25 Nov 20 to cede control of a royal fortune valued in the tens of billions of dollars, as the latest in months of anti-government demonstrations focused squarely on the monarchy.
  • Protesters demonstrated outside the headquarters of the Siam Commercial Bank (SCB), Thailand’s biggest bank, in which the king’s 23% stake worth over USD2.3bn makes him the largest shareholder.
  • Demonstrations have been largely peaceful, but several bangs were heard as 25 Nov 20’s protest dispersed and medics said one man had been shot. A police officer said there appeared to have been a clash between rival groups of vocational students.
  • 25 Nov 20’s protest was moved to the SCB headquarters after police-built siege barricades of shipping containers and razor wire around the Crown Property Bureau, which manages the royal assets and where the rally had originally been planned.

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