Tag: Singha

  • Singha Beer Heiress Withdraws Ungrateful Child Suit Amidst Family Scandal

    Singha Beer Heiress Withdraws Ungrateful Child Suit Amidst Family Scandal

    On Wednesday, a mother from one of Thailand’s wealthiest families officially withdrew the lawsuit she lodged against her son under the “ungrateful child law.” The litigation stemmed from accusations her son, Siranudh “Psi” Scott, made against his older brother of sexual abuse. The mother, Jeeranuch Bhirombhakdi, is part of the billionaire family that founded Thailand’s Singha beer empire.

    The Ungrateful Child Law and Its Implications

    The “ungrateful child law,” invoked by Jeeranuch in February, provides parents the right to revoke gifts if their children are deemed ungrateful, abusive, neglectful in their later years or if they cause significant reputational damage. Triggered by the lawsuit, Siranudh disclosed in May that he had suffered sexual abuse at the hands of his elder brother, Sunit, and his babysitter.

    Jeeranuch contended that Siranudh’s accusations tarnished the family’s reputation. As a result, she sought to reclaim land valued in the millions that his late grandfather had bequeathed him. Despite the case withdrawal, Siranudh reported to journalists outside the courtroom, “Even though they withdrew the case, my life is still shattered.”

    Family Dispute Publicized

    Approximately 20 of Siranudh’s advocates assembled near the court, bearing paper flowers and photographs of him. Siranudh expressed that he could not consider the lawsuit withdrawal a victory, as the case should never have been initiated. He insisted, “I’ve never been ungrateful to anyone.”

    Parnthep Pourpongpan, Siranudh’s representative, informed reporters that Jeeranuch’s filing suggested resolution within the family due to the dispute’s familial nature. In a Friday-dated statement, Jeeranuch declared her willingness to converse, provided it was conducted with “love and genuine goodwill.” Jeeranuch also indicated her readiness to “respect and accept” the judicial process concerning the issue between her sons. She expressed her hope that “the truth will come to light and fairness will be served to both of my children.”

    Denying the allegations against him, Sunit admitted to roughhousing between the siblings. Singha’s parent company, Boonrawd Brewery, terminated Sunit’s executive role in May. According to Forbes, the Bhirombhakdi family ranks as Thailand’s 15th richest, with a net worth of approximately US$1.75 billion.

    Questions & Answers

    What is the “ungrateful child law”?
    The “ungrateful child law” is a measure that allows parents to revoke gifts to their children if they are deemed ungrateful, physically abusive, neglectful in old age, or responsible for serious reputational harm.

    Why did Jeeranuch Bhirombhakdi file a lawsuit against her son, Siranudh?
    Jeeranuch filed the lawsuit under the “ungrateful child law” after Siranudh accused his older brother of sexual abuse, which she claimed had damaged the family’s reputation.

    What happened to Sunit, the elder brother accused of sexual abuse?
    Sunit denied the allegations against him and was subsequently dismissed from his executive role at the family’s business, Boonrawd Brewery.

  • Thai Beer Tycoon Dismisses Family Exec Following Brothers Abuse Claims

    Thai Beer Tycoon Dismisses Family Exec Following Brothers Abuse Claims

    A prominent member of Thailand’s Bhirombhakdi family, known for their control of Singha Beer, was dismissed from the family’s business empire due to allegations of sexual abuse. The dismissal followed several days of public controversy ignited by the allegations.

    A Family Rift

    Siranudh Scott, an environmental activist from the Bhirombhakdi family, accused his elder brother of sexually abusing him during his teenage years. Scott announced these allegations in an emotional video posted on his Facebook page. He claimed that his family was aware of the abuse, citing a taped confession as proof, but took no action against it.

    Scott expressed his disillusionment with his family, stating his unwillingness to be identified as a Singha heir and his desire to distance himself from a family that he felt lacked empathy for him. Scott, a marine conservationist known for his work with his group Sea You Strong in southern Thailand, is the son of a Scottish father.

    Company Response

    Following the allegations, the family’s business conglomerate, Boonrawd Brewery Company, announced the dismissal of Sunit, Scott’s brother, from all his positions within the company. In a statement, the company expressed regret for Scott’s experiences and declared their cooperation with authorities in ongoing investigations.

    The statement was given by the company’s CEO, Bhurit Bhirombhakdi, who is also a cousin of the two men. Bhurit additionally shared a letter from Sunit, in which the accused resigned from all his duties until the matter could be thoroughly investigated and resolved. Although Sunit has denied the allegations of sexual abuse, he admitted to instances of rough play between boys.

    The Bhirombhakdi family, who are identified as Thailand’s fifteenth wealthiest family by Forbes, with an estimated net worth of $1.75 billion, have interests extending beyond Singha Beer. They are also engaged in food manufacturing, hotel operations, power, and property.

    Questions & Answers

    What led to the dismissal of a member from the Bhirombhakdi family’s business empire?
    The dismissal occurred following allegations of sexual abuse made by Siranudh Scott against his elder brother, Sunit, which stirred public controversy.

    Who announced the dismissal from the family’s business empire?
    CEO Bhurit Bhirombhakdi, the cousin of the two men, announced the dismissal in a statement.

    What are the other business interests of the Bhirombhakdi family?
    Apart from Singha Beer, the family’s business interests include food manufacturing, hotels, power, and property.

  • Masan Group solidifies strategic partnership with Singha

    Masan Group solidifies strategic partnership with Singha

    Masan Group Corporation closed the first round of funding of its strategic partnership with Singha Asia Holding last month.

    Singha contributed US$650 million (Bt23.2 billion), comprising $50 million for a 33.3-per-cent equity interest in Masan Brewery and $600 million for a 14.3-per-cent equity interest in Masan Consumer Holdings.

    Proceeds of the $600-million into Masan Consumer Holdings facilitated the purchase of additional shares in Masan Consumer, the non-alcoholic branded food and beverage platform of Masan.

    As a result, Masan Consumer Holdings’ direct ownership in Masan Consumer increased from 77.8 per cent to 96.7 per cent.

    The first closing is a strong validation of Masan’s strategic value, platform and growth potential as the company further develops its business not only in Vietnam but inland Asean alongside Singha.

    Closing of the remaining $450-million increase in Singha’s equity interests in Masan Consumer Holdings to 25 per cent is subject to customary regulatory and corporate approvals.