PANAMA PAPERS EXPOSE CASH TRAIL AMID RED BULL FUGITIVE HUNT

[Judi Lynn]

Source: Associated Press

Aug 17, 10:08 AM EDT


BY MARTHA MENDOZA
AP NATIONAL WRITER

The Bangkok billionaire family that co-founded Red Bull, the world's leading energy drink, uses offshore companies to cloak purchases of jets and luxury properties, including the posh London home where the clan's fugitive son was last seen.

The Yoovidhya family's efforts to hide assets show how easily major global financial players can routinely - and, usually, legally - move billions of dollars with little or no oversight.

The family's confidential deals were inadvertently exposed by the jet-setting son Vorayuth "Boss" Yoovidhya, who attracted cries of impunity after repeatedly failing to show up in court for allegedly racing away in his Ferrari after slamming into a motorcycle cop in a deadly hit-and-run in Bangkok. More than 120 Instagram and Facebook postings by friends and family led The Associated Press earlier this year to the Yoovidhyas' London vacation home, where Vorayuth refused to comment.

Thai authorities revoked his passport and issued an arrest warrant, but say they don't know where he is.

Read more: http://hosted.ap.org/dynamic/stories/A/AS_RED_BULL

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Vorayuth "Boss" Yoovidhya

[CanSocDem]

1. It seems...

...like a decade ago that we first heard of the "Panama Papers" and how damaging they will be to ALL the players in the global oligarchy.

Glad to see they're beginning to live up to the hype.


.

[Ford_Prefect]

2. You have to wonder if Bob Mueller has a copy, no?

[aggiesal]

3. Affluenza! ...

Chronic illness that most wealthy eventually get.