Son of Former Thai PM Charged With Money Laundering

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The son of former Thai Prime Minister Thaksin Shinawatra was indicted Wednesday on charges of money laundering, as pressure mounts on the ousted leader’s political allies.

Panthongtae Shinawatra was arraigned by prosecutors for allegedly laundering 10 million baht ($303,500) linked to an earlier corruption case involving Krungthai Bank.

In August 2015, executives of the bank were sentenced to 18 years in prison for extending illegal loans. Panthongtae is accused of laundering some of that money, although he has said he returned the money he received.

Read the original article here: charlotteobserver.com


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