Thailand’s King Vajiralongkorn given full control of crown property

Thai King Maha Vajiralongkorn (pictured), 64, succeeded his father Bhumibol Adulyadej who died in October after a seven-decade reign.

BANGKOK: Thailand has amended a royal property law to formally give King Maha Vajiralongkorn full control of the agency which manages the multi-billion dollar holdings of the monarchy.

The newly amended Crown Property Act, announced in a palace statement last Sunday, replaces three laws dating back to as early as 1936, and is the first amendment to legislation concerning crown property in decades.