Fugitive's trail exposes Red Bull co-owners' offshore deals
- 17 Aug 2017 at 13:27
- WRITER: ASSOCIATED PRESS
Vorayuth "Boss" Yoovidhya, whose grandfather co-founded energy drink company Red Bull, walks to get in a car as he leaves a house in London on April 15, 2017. (AP file photo)
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.
Forensic police inspect a motorcycle belonging to Pol Snr Sgt Maj Wichian Klanprasert of Thong Lor police station and a Ferrari driven by Vorayuth Yoovidhya, the youngest son of Red Bull executive Chalerm Yoovidhya, following an accident in Sept 2012. (Bangkok Post photo)