Thaksin's son will be prosecuted for money laundering.

Thai media reported on September 10th that Panthongtae Shinawatra, son of former Thai Prime Minister Thaksin Shinawatra, will be prosecuted for money laundering in a case related to Krung Thai Bank (KTB).

Panthongtae Shinawatra, son of former Thai Prime Minister Thaksin Shinawatra. (Source: straitstimes.com)

According to Thai media, the Department of Special Investigation (DSI) has obtained "numerous pieces of evidence related to money laundering" by Panthongtae Shinawatra during an investigation into alleged corruption at KTB.

The DSI said it will issue an official statement on the case next week, along with the indictment of Mr. Panthongtae.

In response to this information, the Pheu Thai party accused the Thai military government of deliberately manipulating KTB's case to appear as money laundering in order to bring down the son of former Prime Minister Thaksin.

In September 2015, Panthongtae was among four people questioned by police in connection with a scandal involving a loan of nearly 10 billion baht (US$277 million) from KTB.

Besides Panthongtae, the other people questioned included Kanchanapha Honghern, the secretary of Thaksin's ex-wife, and her husband, Wanchai, as well as Manop Divari, the father of a former Pheu Thai party MP.

A month earlier, the Supreme Court of Thailand convicted 24 people of illegally approving loans totaling nearly 10 billion baht to branches of Krisdamahanakorn between 2003 and 2004 during the administration of former Prime Minister Thaksin.

According to VNE