Panthongtae Shinawatra was arraigned Wednesday for allegedly receiving 10 million baht ($303,500) linked to an earlier corruption case in which Krungthai Bank executives were convicted of extending fraudulent loans.
Panthongtae appeared Wednesday at the Central Criminal Court 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's Pheu Thai party. Thaksin was prime minister in 2001-2006. He was ousted in a military coup amid accusations of corruption and alleged disrespect for the monarchy.
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