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Son of former Thai PM indicted on money laundering charge

AP  |  Bangkok 

The son of former Thai has been indicted on charges of money laundering, as pressure mounts on the ousted leader's political allies.

Panthongtae Shinawatra was arraigned Wednesday for allegedly receiving 10 million baht ($303,500) linked to an earlier corruption case in which executives were convicted of extending fraudulent loans.

Panthongtae appeared Wednesday at the for Corruption and Misconduct Cases, where he was granted bail of 1 million baht ($30,340).

Critics view the case as politically motivated ahead of elections planned for early next year. Authorities say they are also considering penalties against Thaksin was in 2001-2006. He was ousted in a military coup amid accusations of corruption and alleged disrespect for the monarchy.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, October 10 2018. 17:25 IST