Family of billionaire Red Bull creator pay 'funeral fee' to relatives of man killed in hit-and-run
The family of the billionaire creator of the Red Bull energy drink has paid a “funeral fee” of £60,000 to relatives of a police officer allegedly killed in a hit-and-run accident involving the tycoon's heir.
While the payment will shield 27-year-old Vorayuth Yoovidhya from a potentially huge civil action, it will likely add to public angst over the incident. Mr Yoovidhya has been charged by the authorities after an incident earlier this month when his Ferrari sports car struck and officer and dragged his body down a Bangkok street for 100 metres. The young man is accused of failing to stop, and other officers followed an oil trail that led to his father's house.
The heir to the Red Bull fortune has already been charged with causing death by reckless driving and fleeing the scene of a crime to avoid arrest. If convicted, he faces up to 10 years in jail. But the 3 million baht payment made last week to the siblings of the dead officer will apparently protect Mr Yoovidhya from civil action.
"We sometimes call this a funeral fee. If the victim's party is satisfied with the amount of money, then they will not seek compensation through a court," a senior police officer, Lt Col Viradon Thubthimdee, told the Associated Press.
Mr Yoovidhya is the grandson of Chaleo Yoovidhya who in 1987 helped create Red Bull, with Austrian Dietrich Mateschitz. Mr Mateschitz took the Thai entrepreneur's existing energy drink, already sold in Thailand, tweaked it for Western tastes and turned it into the world's biggest energy drink brand. The creator died earlier this year at the age of 88.
His family was ranked the fourth richest in Thailand this year by Forbes magazine and said to have a net worth of estimated £3.6 billion. It owns a range of businesses, including shares in the energydrink brand, hospitals, real estate and is the sole authorised importer of Ferrari cars in Thailand. The car driven by Mr Yoovidhya and involved in the accident was valued at about 30m baht, ten times the sum paid in compensation to the family of the dead police officer.
The incident has created considerable anger in Thailand, where the rich and powerful are often seen to escape justice. The police initially arrested another suspect in what appeared to be a deliberate attempt to shield Mr Yoovidhya and his family.
Investigators are waiting for the results of forensic tests that have been conducted before deciding to charge the young man with further offences related to the incident. No date has yet been set for a trial.
- 1 The BBC has just done more to eradicate ‘terrorism’ than all our wars since 9/11
- 2 Dog thinks owner is drowning in lake, dives in and tries to pull him out
- 4 Chilling drone footage captures Auschwitz ahead of 70th anniversary of liberation
Auschwitz liberation 70th anniversary: Woman sent to three Nazi death camps describes surviving gas chamber
Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
Greece elections: Greek PM Alexis Tsipras takes aim at 'neo-liberal' Europe as country gears up for prolonged austerity battle
Pornhub star Mia Khalifa receives death threats after being ranked the site's top adult actress
Prince Philip set to be knighted by Australia: Celebrate by reading his greatest gaffes
'We would evict Queen from Buckingham Palace and allocate her council house,' say Greens
French court convicts three over homophobic tweets, in case hailed as a 'significant victory' by LGBT rights campaigners
Greece elections: Syriza and EU on collision course after election win for left-wing party
British Muslim school children suffering a backlash of abuse following Paris attacks
Islamic history is full of free thinkers - but recent attempts to suppress critical thought are verging on the absurd
Leaked documents show Ukip leaders approve NHS privatisation once it becomes more 'acceptable to the electorate'
£18000 - £20000 per annum: Recruitment Genius: To promote and sell the Company...
£30000 - £40000 per annum: Recruitment Genius: An exciting opportunity has ari...
£35000 per annum: Recruitment Genius: The Business: This company is going thro...
Negotiable: Tradewind Recruitment: Tradewind Recruitment are currently working...