Thaksin's son to be prosecuted for money laundering

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

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

According to Thai press, the Department of Special Investigation (DSI) of this country has obtained "many evidences related to money laundering" of Mr. Panthongtae Shinawatra during the investigation of corruption allegations at KTB.

The DSI said it would make an official statement on the case next week along with indicting Mr Panthongtae.

Responding to this information, the Pheu Thai party accused the Thai military government of deliberately turning KTB's case into money laundering to destroy the son of former Prime Minister Thaksin.

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

In addition to Mr. Panthongtae, the remaining people being questioned include the secretary of Mr. Thaksin's ex-wife, Kanchanapha Honghern, and her husband, Wanchai, as well as Mr. Manop Divari, the father of a former Pheu Thai Party lawmaker.

A month earlier, the Supreme Court of Thailand convicted 24 people of illegally approving loans worth nearly 10 billion baht to branches of Krisdamahanakorn Company from 2003 to 2004 under former Prime Minister Thaksin./.

According to VNE