Thai king granted full control of palace wealth


BANGKOK: A new law giving Thailand’s king direct control over royal assets worth billions of dollars went into force Monday, the latest move by an increasingly assertive monarch to consolidate his power.

King Maha Vajiralongkorn (pix) inherited one of the world’s great fortunes when he ascended the throne in October following the death of his father Bhumibol Adulyadej who ruled for seven decades.

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