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Autoparts billionaire shakes up Thai politics

Thai Summit Group executive Thanathorn launches party to oppose military rule

Autoparts executive Thanathorn Juangroongruangkit says he will retire from business to devote himself to working for democracy as head of a new party.

BANGKOK -- Nearly four years since Thailand's military seized power in a 2014 coup, the scion of the founding family of an Thai autoparts empire is building a new political movement to challenge the governing junta.

Thanathorn Juangroongruangkit, the 39-year-old billionaire executive vice president of Thai Summit Group, has set up a new party to oppose the regime led by Prayut Chan-ocha, a former general now serving as prime minister. 

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