Phanthongtae Shinawatra (centre), son of ousted Thai Prime Minister Thaksin Shinawatra, arriving at at the Central Criminal Court for Corruption and Misconduct Case in Bangkok. The court ruled that Shinawatra was not guilty in the case involving loans extended in 2003 and 2004 by Krungthai Bank to the Krisdamahanakorn company. - AP
BANGKOK (Nov 25, AP): A court in Thailand on Monday (Jan 25) acquitted the son of former Prime Minister Thaksin Shinawatra of money laundering in a case involving US$328 million in loans extended by a state-run bank to a real estate developer when his father held power.
The Central Criminal Court for Corruption and Misconduct Cases ruled that Panthongtae Shinawatra was not guilty in the case involving loans extended in 2003 and 2004 by Krungthai Bank to the Krisdamahanakorn company and its subsidiaries.
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