Money-laundering case: Thaksin's son granted bail

If found guilty, Panthongtae Shinawatra could be jailed for up to 10 years. He was granted bail of one million baht (S$41,980).
If found guilty, Panthongtae Shinawatra could be jailed for up to 10 years. He was granted bail of one million baht (S$41,980).

BANGKOK • A Thai court yesterday granted bail of one million baht (S$41,980) to the son of fugitive former premier Thaksin Shinawatra after he was indicted of money laundering, a case his supporters condemned as politically motivated.

Supporters of the Shinawatra family accuse the military government, which took power in a 2014 coup, of seeking to hobble the family and its allies ahead of a general election set for next year. The government denies the allegations.

Panthongtae, 38, also known by his nickname "Oak", went to the attorney-general's office to face the indictment, accompanied by his two sisters and many senior members of the Thaksin-backed Puea Thai party.

"The court has set Nov 5 as the date for my client to accept or deny the charge," defence lawyer Chumsai Sriyaphai told Reuters.

"Oak has always rejected any wrongdoing in this case."

Panthongtae declined to speak to reporters.

After granting bail, the court ordered Panthongtae not to leave the country without permission.

In a statement earlier, the attorney-general said: "Panthongtae Shinawatra will be prosecuted... on charges of money laundering and conspiring to launder money of the amount of 10 million baht."

Last year, the authorities formally charged him with having received a cheque for 10 million baht in 2004, in relation to a prior corruption case over fraudulent loans of 9.9 billion baht made by state-owned Krungthai Bank when his father was prime minister.

If found guilty, Panthongtae could face a jail term of up to 10 years. The 15-year statute of limitations on the crime was set to expire next year.

"I believe that Oak did not know the money he received came from wrongdoing," party member Watana Muangsook told reporters.

Thaksin, whose populist movement's struggle with the Thai establishment has dominated politics for more than a decade, lives in exile after fleeing Thailand to escape a jail sentence for corruption following his overthrow in a 2006 coup.

His sister Yingluck, overthrown as prime minister in 2014, fled Thailand in August last year to avoid conviction in a criminal negligence case that she said was politically motivated.

She was later sentenced in absentia to five years in jail.

REUTERS

A version of this article appeared in the print edition of The Straits Times on October 11, 2018, with the headline 'Money-laundering case: Thaksin's son granted bail'. Print Edition | Subscribe