Panthongtae Shinawatra (right centre) reported to the Department of Special Investigations (DSI) in mid-October to discuss the Krungthai Bank loan case. (Photo provided by DSI)Panthongtae Shinawatra and three others charged with laundering money through the infamous Krungthai Bank (KTB) loan scandal have been given until next Friday to submit statements and evidence proving their innocence. The investigation would be wrapped up before its statute of limitation expires in June next year, he added. The four had reported to the DSI investigators on Oct 17 to answer charges of money laundering, about a week before the given deadline of Oct 24, said an informed source. Mr Panthongtae, along with three other people, is accused of laundering money lent to subsidiaries of property developer Krisdamahanakorn by state-owned Krungthai Bank in 2003 and 2004 when his father, Thaksin Shinawatra, was prime minister, even though the company was a non-performing debtor.

Source: Bangkok Post December 08, 2017 02:25 UTC