Updated: Another case against the Shinawatra clan

9 09 2017

Getting rid of the so-called Thaksin regime was the military dictatorship’s main political aim following its 2014 coup. This was also a key demand of the anti-democrats who schemed and maneuvered against Yingluck Shinawatra’s elected government.

Yingluck Shinawatra was one target. She’s now gone, even if the we still don’t know how and where.

Her departure seems to have caused the military regime to turn its attention to other ways to hog-tie the Shinawatra clan. The Bangkok Post reports that the junta’s target has now been hung around Panthongtae Shinawatra’s neck.

It is reported that the “Anti Money Laundering Office (Amlo) is expected to press money laundering charges against Panthongtae … and three others in connection with the Krungthai Bank (KTB) loan scandal next week.”

That “scandal” refers to officers “wrongfully approving more than 9.9 billion baht in loans to affiliates of developer KMN from 2003 and 2004…”. Yes, that’s 13 and 14 years ago, when Thaksin’s son was 23-24 years old.

In 2015 the Supreme Court’s Criminal Division for Holders of Political Positions found 24 people guilty in the case. For many of the years since 2006, the Department of Special Investigation (DSI) has been seeking to locate “adequate evidence” for the case to proceed. Despite having received a statement on the case from Panthongtae in 2016, little progress was made until recently:

A DSI source insisted the case against Mr Panthongtae, who is Thaksin Shinawatra’s only son, is not politically motivated as some might try to suggest following former prime minister Yingluck Shinawatra’s Aug 25 disappearance when she did not appear before the Supreme Court’s Criminal Division for Holders of Political Positions to hear the court’s ruling in her trial for alleged negligence in managing her government’s controversial rice-pledging scheme.

The DSI claims to have “come across evidence that Mr Panthongtae and … [another] three [Shinawatra-linked individuals] received two checks for 36 million baht…”. He is now accused of money-laundering.

As far as we can determine, no other persons – those who received and used the other 9.864 billion – have been charged. In addition, it seems that the company involved is repaying the 9.9 billion.

One can be forgiven for wondering about timing and intent.

Update: Panthongtae’s response is reported at The Nation.


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15 09 2017
When the military is on top XI | Political Prisoners in Thailand

[…] has the Anti-Money Laundering Office (AMLO) and the Department of Special Investigation (DSI) seeking to bring money laundering charges against Panthongtae “Oak” Shinawatra. This is a ratcheting up of earlier efforts and a […]

15 09 2017
When the military is on top XI | Political Prisoners of Thailand

[…] has the Anti-Money Laundering Office (AMLO) and the Department of Special Investigation (DSI) seeking to bring money laundering charges against Panthongtae “Oak” Shinawatra. This is a ratcheting up of earlier efforts and a […]