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Laos, Thailand
Sarath Ratanavadi's ties at the heart of Thai big business wars

By Clément Fayol and Louis Raymond
Reading time 2 minutes

Gulf Energy Development CEO Sarath Ratanavadi (centre) alongside former Thai Prime Minister Thaksin Shinawatra (right) and former Charoen Pokphand Group chairman Dhanin Chearavanont on 22 August 2024.
Gulf Energy Development CEO Sarath Ratanavadi (centre) alongside former Thai Prime Minister Thaksin Shinawatra (right) and former Charoen Pokphand Group chairman Dhanin Chearavanont on 22 August 2024. © Athit Perawongmetha/Reuters

The swearing in of new Thai Prime Minister Anutin Charnvirakul heralds an open war within Thai big business to contain the Shinawatra clan's networks. The first offensive centred on hydroelectric projects in Laos.

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