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Panthongtae Shinawatra free as Attorney General will not appeal his acquittal

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Panthongtae Shinawatra free as Attorney General will not appeal his acquittal

 

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Thailand’s Attorney General has decided to not appeal against the acquittal, by the Criminal Court for Corruption and Misconduct Cases, of Mr. Panthongtae Shinawatra, the only son of former Prime Minister Thaksin Shinawatra.

 

Mr. Panthongtae was charged with alleged money laundering, by the Department of Special Investigations (DSI), after 10 million baht was deposited into his bank account by Mr. Vichai Krisdathanont, an executive of the Krisdamahanakorn Group of real estate companies, which had been granted a 10.04 billion baht loan by the state-run Krung Thai Bank, despite the group’s poor financial status.

 

The loan was subsequently transferred to the bank accounts of companies affiliated with the Krisdamahanakorn Group, Golden Technology Industrial and Grand Satellite Communications, and used to buy shares in Airports of Thailand Company, instead of being used to boost the financial position of Krisdamahanakorn Group.

 

Full story: https://www.thaipbsworld.com/panthongtae-shinawatra-free-as-attorney-general-will-not-appeal-his-acquittal/

 

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         All the money has been accounted for, so where was the corruption ?. certainly does not appear to be Shinawatra.

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