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Arrest warrant withdrawn, all charges dropped against Red Bull heir

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Police announced today that all charges are being dropped against jet-setting fugitive Vorayuth “Boss” Yoovidhya, heir to the Bangkok billionaire family that co-founded Red Bull, the world’s leading energy drink, theoretically making him free to return to Thailand. He stood accused in the hit-and-run death of a police officer in 2012 and fled the country 5 years later after failing to appear for at least 8 legal summonses.

A senior officer at Bangkok’s Thonglor Police Station told CNN that the Office of the Attorney-General decided not to indict Yoovidhya and the arrest warrant against him had been revoked. National Police Commissioner Chakthip Chaijinda did not oppose the decision.

The case drew attention from media around the world after Yoovidhya allegedly crashed his black Ferrari into a policeman on a motorbike on September 3, 2012, leading to the man’s death. He was charged with drunk driving, negligence causing death and committing a hit-and-run. A conviction would have potentially resulted in being imprisoned over 10 years. Although the Yoovidhyas are among Thailand’s richest families, he was released on a bail of 500,000 baht.

In a related story, the Yoovidhya family is preparing to invest US$150 million (4.8 billion baht) to re-establish the Red Bull brand in China, where they’ve been involved in a protracted battle of billionaires with a former partner.

The family’s TCP Group formed a venture in China with the Reignwood Group, controlled by Thai-Chinese businessman Chanchai Ruayrungruang, also known as Yan Bin, in the mid-1990s. TCP says the partnership expired in September 2018. The Red Bull brand, products and distribution rights have been the subjects of litigation ever since. Reignwood retains control of the China business, but TCP Group still owns the Red Bull brand and trademarks in China and worldwide.

Chanchai, who served as an adviser to the government of former PM Thaksin Shinawatra and reportedly remains close to him, is worth $2.9 billion (92 billion baht), according to the Bloomberg Billionaires Index.

The Yoovidhya family was ranked Asia’s sixth richest, with a fortune of $24.5 billion (778 billion baht), according to a Bloomberg report in August last year.

Arrest warrant withdrawn, all charges dropped against Red Bull heir | News by Thaiger

SOURCES: Nation Thailand | Bangkok Post

 

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9 Comments

9 Comments

  1. rinky stingpiece

    Friday, July 24, 2020 at 2:14 pm

    unbelievable.

    • Ed

      Friday, July 24, 2020 at 2:54 pm

      Money talks

      • rinky stingpiece

        Saturday, July 25, 2020 at 3:06 am

        redbullshit

        • James Patrick

          Saturday, July 25, 2020 at 5:21 pm

          Shock horror! What a surprise. The age old greasing of palms with silver is alive and well.

  2. Joseph McKee

    Friday, July 24, 2020 at 7:12 pm

    Power is the ability to exercise one’s will over others (Weber 1922). Power affects more than personal relationships; it shapes larger dynamics like social groups, professional organizations, and governments.

  3. MARK GOODYEAR

    Friday, July 24, 2020 at 8:25 pm

    the word cunt springs to mind!!!

  4. Peter

    Saturday, July 25, 2020 at 8:37 pm

    I suppose the most surprising thing about this case is that we actually thought justice might prevail.

  5. Tony

    Sunday, July 26, 2020 at 7:29 am

    Good Old ” Benjamin Franklin ” he worked hard on this case.

  6. Toby Andrews

    Monday, July 27, 2020 at 11:17 pm

    If their money bought them this injustice, make them poor.
    Do not buy Red Bull or any of their products

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Jack Burton is an American writer, broadcaster, linguist and journalist who has lived in Asia since 1987. A native of the state of Georgia, he attended the The University of Georgia's Henry Grady School of Journalism, which hands out journalism's prestigious Peabody Awards. His works have appeared in The China Post, The South China Morning Post, The International Herald Tribune and many magazines throughout Asia and the world. He is fluent in Mandarin and has appeared on television and radio for decades in Taiwan, Mainland China, Hong Kong and Macau.

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